tag:blogger.com,1999:blog-67783873463538493762024-03-14T00:52:42.905-07:00Business ConsiA subsidiary guide to study with businessUnknownnoreply@blogger.comBlogger2471500tag:blogger.com,1999:blog-6778387346353849376.post-91637704325018543072023-08-08T00:34:00.004-07:002023-08-08T00:34:37.770-07:00The Transformative Influence of Social Media on Entrepreneurship: Pros & Cons<b><i><span style="font-size: x-large;">I</span></i></b>n the modern era, social media has emerged as a powerful tool that has revolutionized various aspects of our lives, including the world of entrepreneurship. <div><br /></div><div>With its ability to connect people across borders, facilitate communication, and provide a platform for creative expression, social media has fundamentally altered the landscape of business and opened up new avenues for entrepreneurs to thrive. <span><a name='more'></a></span></div><div>This article is going to narrate the impact of social media on entrepreneurship, exploring both its opportunities and challenges...<br /><br /><div style="text-align: center;"><b style="background-color: #2b00fe;"><span style="color: white;">OPPORTUNITIES OF SOCIAL MEDIA FOR ENTREPRENEURS</span></b></div><b><br />
</b></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbgWJgpsiSe7HmKuKzLoTOoZvBd6b4JadSyrRuy_maP_9ZJ1yWmAgesp65_QXjnAPXM5sca7RhBCD-R-EY2A5RPX-OLELMqY8K-Nu5s7-MB9hHmgvW_EVsg8PcV5FuP1G_WIeKtuKId_Ppor1PNJ5r8dlTDd0KP7vy2tOXbgYzAB3TewNdhgSK-R0wr2lC/s740/Social%20Media.webp" style="margin-left: 1em; margin-right: 1em;"><img alt="Entrepreneurship" border="0" data-original-height="432" data-original-width="740" height="234" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbgWJgpsiSe7HmKuKzLoTOoZvBd6b4JadSyrRuy_maP_9ZJ1yWmAgesp65_QXjnAPXM5sca7RhBCD-R-EY2A5RPX-OLELMqY8K-Nu5s7-MB9hHmgvW_EVsg8PcV5FuP1G_WIeKtuKId_Ppor1PNJ5r8dlTDd0KP7vy2tOXbgYzAB3TewNdhgSK-R0wr2lC/w400-h234/Social%20Media.webp" title="Social Media on Entrepreneurship" width="560" /></a></div><br /><b><br /></b></div><div><b>1. The Rise of the Social Entrepreneur
</b><br />
One of the most striking effects of social media on entrepreneurship is the rise of the social entrepreneur. </div><div><br /></div><div>These individuals leverage the reach and influence of social media platforms to promote not only their products or services but also their social and environmental initiatives. </div><div><br /></div><div>Social media enables entrepreneurs to showcase their commitment to responsible business practices, thus attracting socially conscious consumers and investors.
<br /><br /><b>2. Global Reach and Market Expansion
</b><br />
Social media has transcended geographical boundaries, enabling entrepreneurs to reach a global audience without the limitations of physical presence. </div><div><br /></div><div>Platforms like Facebook, Instagram, Twitter, and LinkedIn allow businesses to showcase their offerings to an international clientele, expanding their markets beyond what was traditionally possible. </div><div><br /></div><div>This global reach levels the playing field for both small and large businesses, democratizing entrepreneurship and fostering healthy competition.
<br /><br /><b>3. Cost-Effective Marketing and Brand Building
</b><br />
Traditional marketing methods often required substantial financial investments, posing a challenge for small businesses and startups. <div><br /></div><div>With just a smartphone and a creative strategy, entrepreneurs can develop engaging content, run targeted advertising campaigns, and build a loyal following. </div><div><br /></div><div>This not only saves money but also offers a more personalized and interactive way to engage with customers, strengthening brand loyalty.
<br /><br /><b>4. Direct Customer Engagement and Feedback
</b><br />Through Social Media, entrepreneurs can directly engage with their audience through comments, messages, and interactive posts. </div><div><br /></div><div>This direct interaction fosters a sense of community and trust, as customers feel their voices are heard and valued. </div><div><br /></div><div>Additionally, social media provides real-time feedback, allowing entrepreneurs to adapt their products or services based on customer preferences and needs.</div><div>
<br /><br /><div style="text-align: center;"><b style="background-color: #2b00fe;"><span style="color: white;">BAD SIDES OF SOCIAL MEDIA FOR ENTREPRENEURS</span></b></div></div><div style="text-align: center;"><b style="background-color: #2b00fe;"><span style="color: white;"><br /></span></b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2zm6Hueoognr9D0kyPySNkGvZMdmd1kpijSXsjQ4k64C7GH8Cdb4Y8j2QEasyjokCkh7avLmaAB3dOlQAQyu_jZgCurSZSuazY7Xv-tlLvrISzUg4bwVinj7wU0wWxY9w-osidyAQ1XFoZh1FrEP5CMsfzUA6QfuF1OGXrNb1V3HmOD97v7kmRNihe8Wp/s1779/social%20media.webp" style="margin-left: 1em; margin-right: 1em;"><img alt="Entrepreneurship" border="0" data-original-height="1334" data-original-width="1779" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2zm6Hueoognr9D0kyPySNkGvZMdmd1kpijSXsjQ4k64C7GH8Cdb4Y8j2QEasyjokCkh7avLmaAB3dOlQAQyu_jZgCurSZSuazY7Xv-tlLvrISzUg4bwVinj7wU0wWxY9w-osidyAQ1XFoZh1FrEP5CMsfzUA6QfuF1OGXrNb1V3HmOD97v7kmRNihe8Wp/w400-h300/social%20media.webp" title="Social Media on Entrepreneurship" width="560" /></a></div><br /><div><br /><b>
Challenges and Caveats
</b><br />
While the impact of social media on entrepreneurship is largely positive, it's important to acknowledge the challenges that come with this digital transformation:
<br /><br /><b><i>I. Information Overload:</i></b> The constant influx of information on social media can be overwhelming for entrepreneurs, making it essential to sift through the noise and focus on meaningful connections and content.
<br /><br /><i><b>II. Reputation Management:</b></i> Social media magnifies both praise and criticism. Negative feedback can spread quickly, potentially tarnishing a business's reputation. Effective reputation management strategies are crucial in mitigating this risk.
<br /><br /><i><b>III. Digital Competition:</b></i> The ease of entry into the digital marketplace through social media has led to increased competition. Entrepreneurs need to continuously innovate and differentiate themselves to stand out in a crowded landscape.
<br /><br /><b><i>IV. Privacy and Security Concerns: </i></b>Entrepreneurs must navigate privacy and security challenges when handling customer data and ensuring compliance with regulations like GDPR.
<br /><br /><br />On the concluded point, we can say that social media has unquestionably reshaped the entrepreneurial landscape. </div><div><br /></div><div>From global market expansion to cost-effective marketing, the opportunities it provides are manifold. While challenges exist, they can be effectively managed with a thoughtful approach. </div><div><br /></div><div>As social media continues to evolve, entrepreneurs who embrace its potential stand to benefit from an interconnected world that offers unparalleled possibilities for business growth, innovation, and impact.</div></div>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-50620401112784992012023-08-06T00:57:00.002-07:002023-08-06T22:15:28.281-07:00Entrepreneurship in the Modern Age<b><span style="font-size: x-large;"><i>I</i></span></b>n the fast-paced and ever-evolving landscape of the modern age, entrepreneurship has emerged as a dynamic force that drives innovation, economic growth, and societal change. <div><br /></div><div>Defined as the process of creating and managing a business venture to make a profit, entrepreneurship has evolved beyond the traditional brick-and-mortar model. <span><a name='more'></a></span></div><div><br /></div><div>Today, it encompasses a wide array of industries, fueled by advancements in technology, globalization, and changing consumer preferences. </div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCG8xvyXt_-uTG1IvNS2ukmf24mOkI3s2trC1zYtQ2JoyPjrlcqKrk6uuYAQAV1UF_hz-vA90U7b9HhJH-_-eheGsOmpWq27bqGTb552gWPL5yQQPfUWG4Sn_hESzGuPpjTt39armG3EWBZSvhl7F0RQiNsRcTvhX0PfKShLcBWpgK2pVBnEFPynVOhiiY/s2560/entrepreneurship.webp" style="margin-left: 1em; margin-right: 1em;"><img alt="Entrepreneurship" border="0" data-original-height="1709" data-original-width="2560" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCG8xvyXt_-uTG1IvNS2ukmf24mOkI3s2trC1zYtQ2JoyPjrlcqKrk6uuYAQAV1UF_hz-vA90U7b9HhJH-_-eheGsOmpWq27bqGTb552gWPL5yQQPfUWG4Sn_hESzGuPpjTt39armG3EWBZSvhl7F0RQiNsRcTvhX0PfKShLcBWpgK2pVBnEFPynVOhiiY/w400-h268/entrepreneurship.webp" title="Entrepreneurship" width="540" /></a></div><br /><div>In this article, we explore the key aspects of entrepreneurship in the modern age and its profound impact on shaping the future.</div><div><br /><b>1. Technology: The Catalyst for Transformation</b><br />
The most significant driving force behind the transformation of <a href="http://bconsi.blogspot.com/2012/09/entrepreneur-meaning-and-definition.html">entrepreneurship</a> in the modern age is undoubtedly technology. </div><div><br /></div><div>The digital revolution has leveled the playing field, allowing aspiring entrepreneurs to launch businesses with minimal resources and reach a global audience. </div><div><br /></div><div>The advent of the internet, cloud computing, artificial intelligence, and big data analytics have revolutionized how businesses operate, communicate, and market their products or services.
<br /><br />
E-commerce platforms have made it possible for businesses to establish themselves without the need for physical storefronts. </div><div><br /></div><div>Moreover, social media and digital marketing have enabled startups to engage directly with their target audience and build strong brand communities.<br /><br /><b>2. Disruption and Innovation: Redefining Industries</b><br />
In the modern age, disruption, and innovation have become synonymous with successful entrepreneurship. Startups are challenging established norms, reimagining traditional industries, and creating entirely new markets. </div><div><br /></div><div>Companies like Uber, Airbnb, and SpaceX have disrupted the transportation, hospitality, and aerospace industries, respectively, reshaping the way we perceive and utilize these services.<br /><br />
Entrepreneurs are now encouraged to think beyond existing boundaries and develop disruptive solutions to societal problems. </div><div><br /></div><div>Innovation-driven startups have the potential to address issues like climate change, healthcare, and education, driving positive change on a global scale.<br /><br /><b>3. Embracing Diversity and Inclusivity</b><br />
As society evolves, so does the face of entrepreneurship. The modern age has witnessed a growing emphasis on diversity and inclusivity in the entrepreneurial landscape. </div><div><br /></div><div>Women and underrepresented minorities are breaking barriers and establishing successful businesses, bringing diverse perspectives and experiences to the forefront.
<br /><br />
Inclusivity is not only about creating diverse teams but also catering to a diverse customer base. <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">Businesses </a>that prioritize inclusivity in their products and services often resonate better with customers and build stronger brand loyalty.<br /><br /><b>4. The Gig Economy: Embracing Flexibility</b><br />
The rise of the gig economy is another characteristic feature of modern entrepreneurship. As the traditional 9-to-5 work structure becomes less appealing to the younger generation, individuals are turning to freelance and gig work as a means of income. </div><div><br /></div><div>Platforms like Upwork, Fiverr, and TaskRabbit have empowered individuals to offer their skills and services directly to clients across the globe.<br /><br />
The gig economy provides greater flexibility and autonomy, allowing entrepreneurs to choose projects that align with their interests and expertise. </div><div><br /></div><div>However, it also poses challenges related to financial stability and benefits, urging policymakers to adapt to this evolving workforce landscape.<br /><br /><b>5. Sustainability and Social Impact: A Driving Force</b><br />
Modern entrepreneurs are increasingly recognizing the importance of sustainability and social impact. With growing environmental concerns and social issues, consumers are demanding more from businesses, expecting them to be responsible corporate citizens.<br /><br />
Entrepreneurship is now a powerful tool for driving positive change. Social enterprises and impact-driven startups aim to tackle pressing issues while maintaining profitability. </div><div><br /></div><div>By aligning business goals with social and environmental responsibility, entrepreneurs can create a lasting legacy that transcends mere financial success.
<br /><br /><a href="http://bconsi.blogspot.com/2021/01/characteristics-of-entrepreneur.html">Entrepreneurship in the modern</a> age is a dynamic and multifaceted phenomenon. Enabled by technology, driven by innovation, and guided by social responsibility, entrepreneurs today are pioneering the future. </div><div><br /></div><div>With an emphasis on diversity, inclusivity, and sustainability, the entrepreneurial landscape is evolving to address the pressing challenges of the 21st century.<br /><br />
As we move forward, fostering an ecosystem that supports and nurtures entrepreneurial endeavors will be vital. Governments, corporations, and society at large must work together to create an environment where innovation can thrive, paving the way for a brighter, more sustainable, and inclusive future.</div>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-55268032339554764162023-08-01T23:39:00.005-07:002023-08-01T23:39:32.046-07:00The Importance of Banking in Modern Civilization<b><i><span style="font-size: x-large;">T</span></i></b>he history of banking can be traced back to ancient civilizations, where various forms of early banking systems facilitated trade and financial transactions. <div><br /></div><div>However, it is in modern civilization that banking has truly flourished and become an indispensable pillar of the global economy. </div><div><br /></div><div>In today's interconnected world, banking plays a great role in driving economic growth, promoting financial stability, and fostering socio-economic development. <span><a name='more'></a></span></div><div><br /></div><div>This article explores the profound significance of banking in modern society and its contributions to modern life and civilization...</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhDU9Chvc0uujOxKaJwQAhgnkc9VHYwcVrGRZtpVZphovG99Sp5DU6fmCPa-cbGqs0g4YkNWCcWfX5eUgeYAzr7uGJuSXVtdJ2TEH9svhGAcV9RSfkacJk9u0QyAJKnKoyVqAX6XUaEYlET0ZuKQd_bTxUbT4qRw0Jp94qyoFylq_BjpwMvCIbPkFFtntO/s1365/Banking%204.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="BANKING" border="0" data-original-height="768" data-original-width="1365" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhDU9Chvc0uujOxKaJwQAhgnkc9VHYwcVrGRZtpVZphovG99Sp5DU6fmCPa-cbGqs0g4YkNWCcWfX5eUgeYAzr7uGJuSXVtdJ2TEH9svhGAcV9RSfkacJk9u0QyAJKnKoyVqAX6XUaEYlET0ZuKQd_bTxUbT4qRw0Jp94qyoFylq_BjpwMvCIbPkFFtntO/w400-h225/Banking%204.jpg" title="BANKING" width="560" /></a></div><div><br /><br /><b>
1. Facilitating Economic Activities
</b><br />
Banking is the backbone of economic activities in any society. It provides a safe and efficient platform for individuals, <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">businesses</a>, and governments to conduct financial transactions. </div><div><br /></div><div>Through banking services, people can deposit and withdraw money, make payments, transfer funds, and access credit facilities. This ease of financial transactions accelerates economic exchanges and spurs economic growth. </div><div><br /></div><div>Businesses can invest, expand, and innovate with the support of banking institutions, while individuals can effectively manage their finances and plan for the future.
<br /><br /><b>
2. Promoting Financial Inclusion
</b><br />
Modern banking has made significant strides in promoting financial inclusion, ensuring that all members of society have access to financial services regardless of their economic status or geographical location. </div><div><br /></div><div>Through various initiatives such as mobile banking, online banking, and microfinance, banking institutions have extended their reach to remote and underserved areas. </div><div><br /></div><div>Financial inclusion empowers individuals by providing them with the tools to save, invest, and participate in the formal economy, ultimately reducing poverty and inequality.
<br /><br /><b>
3. Safeguarding Wealth and Assets
</b><br />
Banks offer a secure environment for safeguarding wealth and assets. </div><div><br /></div><div>People can deposit their money in savings accounts, certificates of deposit, or other investment vehicles, allowing their wealth to grow over time. </div><div><br /></div><div>Additionally, banks offer services like insurance, which protect individuals and businesses against unforeseen risks. </div><div><br /></div><div>The assurance of a stable and reliable <a href="http://bconsi.blogspot.com/2015/10/10-important-role-of-bank-banking.html">banking system</a> fosters confidence in the economy, encouraging both domestic and foreign investment.
<br /><br /><b>
4. Financing Growth and Development
</b><br />
One of the most crucial roles of banks is to provide financial resources for economic development. They facilitate lending and investment, channeling funds from savers to borrowers. </div><div><br /></div><div>This intermediation function enables businesses to acquire capital for expansion, innovation, and research. Similarly, governments rely on banks to finance public projects such as infrastructure development, education, and healthcare. </div><div><br /></div><div>Without adequate access to financing, economic growth would be severely hampered, hindering progress and prosperity.
<br /><br /><br /><b>
5. Encouraging Innovation and Entrepreneurship
</b><br />
Banking institutions often collaborate with <a href="http://bconsi.blogspot.com/2012/10/single-entrepreneur-meaning-definition.html">entrepreneurs </a>and startups, fueling innovation and economic dynamism. </div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8cWoeZFkidpJRvJA3ef0vjF-2x1xKc9qxvv0Itn8TAX5tHJUuudv39rHpKE5nisSWXdv6x45ViAglbIyMSPYdlhLwdRojHuC2_WR87rqUDtkjjG-_WSorof7gWDS7cP11fImcyamLl6F_-HWc_53iTB7Y5vcrOQbY2R_t62FPNdoJGJGFLIUe04Xr835B/s1200/banking.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="FINANCE" border="0" data-original-height="878" data-original-width="1200" height="293" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8cWoeZFkidpJRvJA3ef0vjF-2x1xKc9qxvv0Itn8TAX5tHJUuudv39rHpKE5nisSWXdv6x45ViAglbIyMSPYdlhLwdRojHuC2_WR87rqUDtkjjG-_WSorof7gWDS7cP11fImcyamLl6F_-HWc_53iTB7Y5vcrOQbY2R_t62FPNdoJGJGFLIUe04Xr835B/w400-h293/banking.jpg" title="BANKING & FINANCING" width="560" /></a></div><div><br /></div><div>By offering tailored financial products and advisory services, banks nurture the growth of new businesses and support innovative ideas. </div><div><br /></div><div>Through venture capital and angel investments, banks participate in the growth of disruptive technologies and industries, driving economic diversification and creating job opportunities.
<br /><br /><b>
6. Promoting International Trade
</b><br />
Globalization has interconnected economies across the world, and banking plays a vital role in facilitating international trade. </div><div><br /></div><div>Banks provide services like trade finance, letters of credit, and foreign exchange transactions, making cross-border trade smoother and more secure. </div><div><br /></div><div>This international financial integration fosters economic cooperation and helps countries leverage their comparative advantages, resulting in increased productivity and specialization.
<br /><br /><b>
7. Monitoring and Regulating the Economy
</b><br />
As pivotal players in the financial system, banks play a crucial role in monitoring economic trends and risks. </div><div><br /></div><div>By analyzing various financial indicators and credit patterns, banks contribute valuable insights to policymakers and regulators. </div><div><br /></div><div>This information aids in formulating appropriate monetary and fiscal policies, ensuring stability and sustainable economic growth. </div><div><br /></div><div>Moreover, banks are subject to strict regulations and oversight, which helps maintain financial stability and protects consumers from fraudulent practices.<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiraPvtTdMCknMpkKWPkTGiRWT81pxc9PkI-Uf1IpnOWNv15VeSJYBvPtWQIgxkQTod2RwIzzzub4ujCuU9zV9Cgpz_NXUcooJGrB511xon9fRlvr7PGWqt7OTB5jP4YfR_LdIYbzzBlsl4kwBezi7rqdKTakhkZtSjdor_wwbn9NBL3QGwmTVll9hG2BO/s1068/banking%202.jpg" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img alt="BANKING" border="0" data-original-height="713" data-original-width="1068" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiraPvtTdMCknMpkKWPkTGiRWT81pxc9PkI-Uf1IpnOWNv15VeSJYBvPtWQIgxkQTod2RwIzzzub4ujCuU9zV9Cgpz_NXUcooJGrB511xon9fRlvr7PGWqt7OTB5jP4YfR_LdIYbzzBlsl4kwBezi7rqdKTakhkZtSjdor_wwbn9NBL3QGwmTVll9hG2BO/w400-h268/banking%202.jpg" title="BANKING" width="560" /></a></div></div><div><br /></div><div>At the concluded point of the importance of banking in modern civilization, we can say that Banking is an essential pillar of modern civilization, providing the framework for economic growth, financial inclusion, and socioeconomic development. <div class="separator" style="clear: both; text-align: center;"><br /></div></div><div>From facilitating economic activities to promoting international trade and innovation, banks are central to the functioning of a prosperous society. As technology continues to advance, the banking industry is evolving, offering new possibilities and challenges. </div><div><br /></div><div>However, its fundamental importance remains unwavering, as it continues to underpin the very foundations of our modern way of life.</div>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-8753301130253602552023-07-30T22:52:00.000-07:002023-07-30T22:52:20.197-07:008 Strongest Reasons Why Taking Insurance Policies Matters In Real Life<div>THIS ARTICLE NARRATES...</div><div><ul style="text-align: left;"><li><b><i>IMPORTANCE OF INSURANCE</i></b></li><li><b><i>REASONS FOR WHY ONE SHOULD TAKE INSURANCE POLICIES IN REAL LIFE</i></b></li><li><b><i>THE HELPING HAND OF INSURANCE IN REAL LIFE</i></b></li></ul></div><div><hr /></div><div><b><i><span style="font-size: x-large;">I</span></i></b>nsurance is a crucial aspect of modern life, providing a safety net for individuals, families, and businesses alike. It serves as a shield against unexpected and potentially devastating events that could disrupt financial stability and peace of mind. <span><a name='more'></a></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjj6HRzj7t6yHlV7dF-ZJlJDTfXEkuCkqHdRmGURdU2a7BgWJjaxDYdUp0tPcAzDt4hkGRmmpeszUzqFeYmpeEi-pg3AxGMUhKRXOzSlq1ZY89JtqZ4mYSN_IoZM5uTOGszYBs9JA_DcqV50hYfNL14SjFvn-zWFM6TPRRqKzVZU1MQwQ-EMYDxy0a_alhb/s995/insurance-bconsi.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="INSURANCE" border="0" data-original-height="766" data-original-width="995" height="308" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjj6HRzj7t6yHlV7dF-ZJlJDTfXEkuCkqHdRmGURdU2a7BgWJjaxDYdUp0tPcAzDt4hkGRmmpeszUzqFeYmpeEi-pg3AxGMUhKRXOzSlq1ZY89JtqZ4mYSN_IoZM5uTOGszYBs9JA_DcqV50hYfNL14SjFvn-zWFM6TPRRqKzVZU1MQwQ-EMYDxy0a_alhb/w400-h308/insurance-bconsi.jpg" title="INSURANCE" width="540" /></a></div><br /><div><br /></div><div><div class="separator" style="clear: both; text-align: center;"><br /></div>This article delves into the significance of insurance in real life, exploring the various types of <a href="http://bconsi.blogspot.com/2020/04/what-do-you-mean-by-insurance.html">insurance </a>available and highlighting the benefits they offer...Let's start!<br /><br /><br /><b>1. Protection Against Financial Loss</b><br />
One of the primary reasons insurance is essential in real life is its ability to protect against financial loss. </div><div><br /></div><div>Life is unpredictable, and accidents, illnesses, natural disasters, and thefts can strike at any moment. Without insurance, these unforeseen events could result in severe financial hardships that may take years to recover from, if ever. </div><div><br /></div><div>Insurance acts as a safety net, ensuring that individuals and businesses can mitigate the financial burden caused by unexpected occurrences.
<br /><br /><br /><b>2. Peace of Mind</b><br />
Having insurance provides peace of mind, knowing that you and your loved ones are protected in times of need. Whether it is <a href="http://bconsi.blogspot.com/2014/02/what-is-personal-accident-insurance_3.html">health insurance</a>, <a href="http://bconsi.blogspot.com/2014/02/types-of-life-insurance-classification.html">life insurance</a>, or property insurance, having the knowledge that you are covered in the face of adversity can alleviate stress and anxiety. </div><div><br /></div><div>This sense of security allows individuals to focus on other aspects of life without constantly worrying about potential financial disasters.
<br /><br /><br /><b>3. Support for Family and Dependents</b><br />
Life insurance is particularly crucial for those with dependents.</div><div><br /></div><div>In the unfortunate event of the policyholder's passing, life insurance provides a financial safety net for their loved ones, ensuring they can maintain their standard of living and meet essential financial obligations. </div><div><br /></div><div>It can cover funeral expenses, and outstanding debts, and support the family's financial needs in the absence of the primary breadwinner.
<br /><br /><br /><b>4. Business Continuity</b><br />
For businesses, insurance plays a vital role in ensuring continuity and resilience. </div><div><br /></div><div>Business insurance, including property, liability, and worker's compensation coverage, shields companies from potential losses due to property damage, lawsuits, or workplace injuries. </div><div><br /></div><div>This protection allows businesses to weather the storms of unexpected events and continue operations without facing bankruptcy or closure.
<br /><br /><br /><b>5. Health and Medical Care</b><br />
Health insurance is a cornerstone of modern healthcare systems, enabling individuals to access medical treatments and services without incurring exorbitant costs. </div><div><br /></div><div>Regular health check-ups, preventive care, and timely treatment can significantly impact overall health outcomes. </div><div><br /></div><div>Insurance coverage ensures that individuals do not delay seeking medical attention due to financial concerns, leading to improved health and well-being.
<br /><br /><br /><b>6. Home and Property Protection</b><br />
Owning a home or property is a significant investment for most individuals. </div><div><br /></div><div>Property insurance safeguards this investment by providing coverage against damage from <a href="http://bconsi.blogspot.com/2014/02/definition-of-fire-insurance.html">fire</a>, natural disasters, theft, and other perils. </div><div><br /></div><div>Whether it's a house, car, or any valuable possession, insurance helps protect these assets, offering financial compensation or replacement in the event of loss or damage.
<br /><br /><br /><b>7. Legal and Liability Protection</b><br />
Liability insurance is essential for safeguarding individuals and businesses from potential legal liabilities. </div><div><br /></div><div>In today's litigious society, even minor accidents or misunderstandings can lead to costly lawsuits. </div><div><br /></div><div>Liability insurance, such as professional liability or general liability coverage, provides financial protection against legal claims and damages.
<br /><br /><br /><b>8. Retirement Planning</b><br />
Life insurance policies, such as annuities or pension plans, can serve as an essential component of retirement planning. </div><div><br /></div><div>These policies offer a source of regular income during retirement, supplementing other retirement savings and Social Security benefits. </div><div><br /></div><div>By securing an income stream during retirement, individuals can enjoy financial stability and a comfortable lifestyle in their golden years.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1xwkh654P80jwdRwr6eqwFgh-ErpUz1WKwF9q7V4_Ijsd66MQu_-XnMWaNM2ofPOAAnmDTsU8Wr9BVpWAa9gkkil7Naduk7PcKI50eyewcs_ye8OT-_3tT4tcCf0bLxGxCM9VybqU_bWgB_S3erS14vFJ09P9z5bztjbfGE3bPXrBcyN60hV9pS8IubyA/s1200/insurance%202.jpg" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img alt="INSURANCE" border="0" data-original-height="675" data-original-width="1200" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1xwkh654P80jwdRwr6eqwFgh-ErpUz1WKwF9q7V4_Ijsd66MQu_-XnMWaNM2ofPOAAnmDTsU8Wr9BVpWAa9gkkil7Naduk7PcKI50eyewcs_ye8OT-_3tT4tcCf0bLxGxCM9VybqU_bWgB_S3erS14vFJ09P9z5bztjbfGE3bPXrBcyN60hV9pS8IubyA/w640-h360/insurance%202.jpg" title="INSURANCE" width="540" /></a></div><div> <br />
Insurance is more than just a financial product; it is a tool for protecting what matters most in life. </div><div><br /></div><div>From health and life insurance to property and business coverage, insurance provides a safety net against uncertainty and unforeseen circumstances. </div><div><br /></div><div>By offering peace of mind, financial security, and support during challenging times, insurance plays an indispensable role in safeguarding the future of individuals, families, and <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">businesses</a>. </div><div><br /></div><div>Making informed decisions about insurance coverage ensures a more secure and resilient life journey for everyone.<div class="separator" style="clear: both; text-align: center;"><br /></div></div><div><br /></div><br /></div>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-32870365873333109682023-07-18T06:22:00.001-07:002023-07-18T23:49:29.845-07:00What Do You Mean by Business?<p><b><i><span style="font-size: large;">B</span></i></b>usiness is not an easy task. Anyone can not make a deal with this term. Anyone can be a businessman but no one can not make success. A business is defined as an organization that is run by a proper idea and makes daily innovations. <span></span></p><a name='more'></a><p></p><p>In business happened professional and commercial activities. Sometimes business can be as an unprofitable organization. Maximum business organizations are profitable organizations. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMNLQbQw4bxBQn2Akksn5ahyXGx2ZZjbjhhvBzlsdorrsAMj8umo9y4EXoz882m79TLRnorWegoIg02K01Kz8yEn-YvLSxKaA4rlpt2SZ8IL_1TzaJjVHpK01hbHSr6EJaxpY62QzkwRFaiFq-V9drl52QgnO6AOiMnRYvLQZNFJLYRwcT74qPOVzc/s1300/46684460-business-company-corporate-enterprise-organisation-concept.webp" style="margin-left: 1em; margin-right: 1em;"><img alt="BUSINESS" border="0" data-original-height="1052" data-original-width="1300" height="259" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMNLQbQw4bxBQn2Akksn5ahyXGx2ZZjbjhhvBzlsdorrsAMj8umo9y4EXoz882m79TLRnorWegoIg02K01Kz8yEn-YvLSxKaA4rlpt2SZ8IL_1TzaJjVHpK01hbHSr6EJaxpY62QzkwRFaiFq-V9drl52QgnO6AOiMnRYvLQZNFJLYRwcT74qPOVzc/w320-h259/46684460-business-company-corporate-enterprise-organisation-concept.webp" title="BUSINESS" width="320" /></a></div><br /><p>Business is a term that used to describe any organization or activity that is engaged in the production, sale, or exchange of goods or services for profit. A business typically involves the provision of goods or services to customers or clients, with the goal of generating revenue and earning a profit for the owners or shareholders of the organization for any business. </p><br />
Businesses can take many forms, such as sole proprietorships, partnerships, corporations, and limited liability companies. They can also operate in a variety of industries, such as manufacturing, retail, healthcare, technology, different kinds of valuable services and finance.<br /><br />
Successful businesses typically require effective management, strategic planning, and a focus on customer needs and preferences and good behavior. They may also need to navigate regulatory and legal requirements, as well as competition from other businesses in the market area. <br /><br />Mahiuddin Arifhttp://www.blogger.com/profile/10150193187944124242noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-15181780481780602782021-04-22T03:18:00.006-07:002021-04-22T03:30:56.719-07:00Nature and Scope of Business <p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Scope of Business</b></li><li><b>Subject of Business </b></li><li><b>Nature and Scope of Business</b><hr /></li></ul><p><span style="font-size: x-large;"><i><b>A</b></i></span>lthough trade and commerce seem to be generally the same. But, the scope and the meaning range of the word 'business' is much broader or wider. <span></span></p><a name='more'></a><p></p><p><a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">Business</a> is the production, distribution, and support of goods and services for the purpose of making a profit. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjr4YVZDUFQbt1UDzOHvptLZPUKngKVRo7VJAmCf3yb3R5cWX8Z61GVq1xua_r1vlr9ZSzYj6Fmy6LA1YrBA0IzEhxKhwVsX7aQuCjSchyphenhyphenWU1kJqFxdIz0JFauqEPKR4_iFvOzRUYi2pBqD/s1000/scope+of+business.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="business scope" border="0" data-original-height="667" data-original-width="1000" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjr4YVZDUFQbt1UDzOHvptLZPUKngKVRo7VJAmCf3yb3R5cWX8Z61GVq1xua_r1vlr9ZSzYj6Fmy6LA1YrBA0IzEhxKhwVsX7aQuCjSchyphenhyphenWU1kJqFxdIz0JFauqEPKR4_iFvOzRUYi2pBqD/w400-h266/scope+of+business.jpg" title="Scope of Business" width="570" /></a></div>In business, the production working process is done through the industry and the distribution working process is done through the trade. <p>In the case of distribution, buying-selling or exchange of goods is considered the main job. Other functions in a business are considered as the productive exchange support system or <a href="https://bconsi.blogspot.com/2016/07/16-functions-of-business.html">functions</a>. </p><p>So the business can be represented by the following <a href="http://bconsi.blogspot.com/2021/02/accounting-equation-explanation.html">equation</a>: <br /></p><p style="text-align: center;"><b><span style="font-size: large;">∑B= ∑I+ ∑T+ ∑AT</span></b></p><p>Here, </p><p>B= Business </p><p>I= Industry </p><p>T= Trade </p><p>AT= Auxiliaries to Trade</p><p></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">We know that business is considered to be a combination of industry and trade. But, nowadays in business, direct service to the customer, buying, and selling are considered to be important economic activities too.</span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">In general, although these are considered a profession, the work of these independent professionals can be considered a business. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">So the scope of business can be divided into three main parts and these are...</span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b><u style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">1. Industry:</span></u><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></b></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">The process by which natural resources are extracted and utilized for human consumption is called industry. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Due to the differences in the process of production and effort, the industry can be divided into the following sub-categories...</span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b>A) Genetic Industry</b>: The industry in which the produced material is used for regeneration or <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> is called the genetic industry. Such as nursery, hatchery, poultry farms, etc. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b>B) Extractive Industry:</b> The industrial effort by which resources are extracted from groundwater or air is called the extractive industry. Mineral extraction, fishing is such industry. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b>C) Constructive Industry:</b> The industrial effort through which roads, bridges, dams, buildings, etc. are constructed is called constructive industry.</span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b>D) Manufacturing Industry:</b> The manufacturing industry is the process of making raw materials or money-making products in various processes with the help of labor and machinery into suitable products for human consumption. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Such as the weaving industry, steel industry, etc. Such industries can be divided into analysis, compound, process-based, addition, demo, etc.</span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b>E) Service Industry:</b> The industry that is engaged in making people's lives easier and more comfortable is called the service industry. gas, electricity, telephone, etc. are included in these industries. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b><u style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">2. Commerce:</span></u></b></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Commerce is the sum of all work done to remove the barriers that arise in the way of reaching the raw materials and semi-finished goods to the next producer and the actual consumer of the goods that are produced in the industry. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Thus trade is associated with the distribution work as an important part of the business. The points covered by the trade are as follows...</span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b>A) Trade:</b> The act of buying and selling goods (including services) for the purpose of making a profit is called trade. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Such exchange or purchase-sale removes the personal barriers to transfer of the ownership of the <a href="http://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a> distribution. Trade can be divided into the following sections: </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><i><b> ==> Home Trade:</b></i> The buying and selling process that takes place within the geographical boundaries of a country is called Home Trade. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">In this case, both the buyer and the seller are residents of the same country. According to nature, it is divided into the wholesale and retail business. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><i><b> ==> Foreign Trade:</b></i> Foreign trade is the act of buying and selling between two countries or between merchants of two countries. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">There are three types of such trade and they are import, export, and re-export. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b>B) Auxiliaries to Trade:</b> There are financial, risky, structural, temporal, and promotional barriers in the smooth running of the sale and purchase process. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">In order to remove such barriers to the exchange of goods, It requires the cooperation of banks, <a href="https://bconsi.blogspot.com/2020/04/what-do-you-mean-by-insurance.html">insurance</a>, transportation, warehousing, <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a>, expansion, etc., respectively. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Institutions that are created to perform all these tasks for the purpose of making a profit are also naturally covered by the business. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><b><u style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">3. Direct Service:</span></u><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></b></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">The doctors, lawyers, engineers, etc., who are engaged in independent professions, directly they sale services for the purpose of earning money. Their work is generally considered to be a business investment and in fact, it is considered a profession or art. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">However, a few doctors can form a clinic business or a few lawyers can form an attorney firm or engineers can form an engineering firm which is come for a good reason as a direct service seller under the business. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">In conclusion, business is the sum of a wide range of economic activities in the current world civilization. production, distribution, and additional activities for the purpose of making a profit are directly and indirectly covered by the business activities. </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> </span></p><p style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background: transparent none repeat scroll 0% 0%; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">The true fact is that excluding business activities, people's economic activities cannot be considered at present. <br /></span></p>Mahiuddin Arifhttp://www.blogger.com/profile/10150193187944124242noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-68848454049909239932021-04-12T06:14:00.001-07:002021-04-12T06:14:14.405-07:0010 Basic Elements of Business <p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>The Elements of Business</b></li><li><b>The Essential Parts of A Business </b></li><hr /></ul><p></p><p><span style="font-size: x-large;"><i><b>B</b></i></span>usiness is an <a href="http://bconsi.blogspot.com/2018/05/definition-of-economics.html">economic</a> activity that depends on many conditions or elements. Most of the millionaires in the world are businessmen. </p><p>The elements of business are considered or specified separately depending on the type of business existence. <span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBkpRrdZ30THwInWYomu-58yq91PmTAh6ohIbIrMDLTysU0Ols8uhbJMuGcUAQGxlo9V52NVMkNer4ZqrRr5h7ghkmQv7WO-M0wNNZ2wAEJjJg28tRwUysTs0wjyTUlLgexry0Q657Lqqi/s600/Elements+of+business.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Elements of Business" border="0" data-original-height="446" data-original-width="600" height="297" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBkpRrdZ30THwInWYomu-58yq91PmTAh6ohIbIrMDLTysU0Ols8uhbJMuGcUAQGxlo9V52NVMkNer4ZqrRr5h7ghkmQv7WO-M0wNNZ2wAEJjJg28tRwUysTs0wjyTUlLgexry0Q657Lqqi/w400-h297/Elements+of+business.png" title="Elements of Business" width="570" /></a></div> <br />The basic elements of <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> are discussed below. <p><b>1. Production: </b><br />Production is the process of making, creating, harvesting something that has value to the customer. It is also called an act or process of producing. </p><p>There are 4 types of <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> if we want to divide them. First, unit type production, second is batch type production, mass production, and continuous production. </p><p>If we go in deep, there are 7 factors of production. They are land, labor, factory, building, tools, machinery, raw materials. </p><p>What is the importance of production? </p><p>The main importance is it helps in creating value by applying different types of production factors. </p><p>It improves the customer's lifestyle and remains a welfare Institutions for the employees. </p><p><b><br />2. Distribution: </b><br />Distribution means <a href="http://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html">delivering</a> the product in the hands of the consumer through a different process. </p><p>The main <a href="https://bconsi.blogspot.com/2016/06/objectives-of-business.html">goal of a business</a> is to deliver the product to the consumer or customer. </p><p>So the basic task of the business is to take the <a href="http://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a> to the real consumer. Such a distribution process involves buying and selling more than once. </p><p>Intermediaries businessmen are involved in the distribution process to make a profit. </p><p><br /><b>3. Functions of Auxiliaries to Production and Distribution: </b><br />Business is not only an economic activity related to the production and distribution of goods but also other economic activities that are conducive to production and distribution, such as banking, <a href="http://bconsi.blogspot.com/2020/04/what-do-you-mean-by-insurance.html">insurance</a>, warehousing, transportation, advertising, etc. </p><p>By performing all these tasks, the business overcomes various obstacles that hinder production and distribution.</p><p><br /><b>4. Profit Earning Motive: </b><br />The primary purpose of the business is to make a profit. <br /><br />The main goal of business ventures and endeavors is to earn a living by making a profit. <br /><br />Entrepreneurs establish and operate <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organizations</a> and take moderate risk in the hope of making a profit by investing money, labor, and talent. </p><p><br /><b>5. Risk: </b><br />Risk is one of the most important aspects of a business. The risk is that the business enterprise may not make a profit. </p><p>In business, transactions do not rule out the possibility of future profits as well as losses. </p><p>So it can be said that no work or transaction without risk is not business. </p><p>There are many risks included in the field of business and these are strategic risk, financial risk, operational risk, compliance, and regulatory risk, etc. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisv-rhks3OfI4V0F_aGgLqn5t1b8Fq1oHqfwtgcH_nHrPiHxilcBRoNMsjkUKQ36LOQ-ftpbhKqRlT38W-tyNFCtryZL-YfPO_8eQFj1KjxP8JAlwKt2fKTSk55KURAqCfr68wSIDSD8ye/s625/business+risk.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="risk management" border="0" data-original-height="320" data-original-width="625" height="205" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisv-rhks3OfI4V0F_aGgLqn5t1b8Fq1oHqfwtgcH_nHrPiHxilcBRoNMsjkUKQ36LOQ-ftpbhKqRlT38W-tyNFCtryZL-YfPO_8eQFj1KjxP8JAlwKt2fKTSk55KURAqCfr68wSIDSD8ye/w400-h205/business+risk.jpg" title="Business Means Risk" width="570" /></a></div><p><b>6. Financing: </b><br />You know, capital is the lifeblood of a business and without it, you will not be able to run or start a business. </p><p>Anyone who takes the initiative and risk can come forward. But it is not possible to set up and run a business in practice unless the necessary funds become available. </p><p>Four different types of financial activities help your business grow, and these are invoice finance, crowdfunding, venture capital, angel investors. </p><p><br /><b>7. Monetary Value: </b><br />You know, every business transaction has a monetary value. </p><p>Any transaction or exchange that cannot be measured by money cannot be called a business transaction. </p><p>Therefore, the financial value of a transaction is measured as the existence of a business. </p><p><br /><b>8. Taking Initiative: </b><br />Business structure requires individual, institutional and state initiatives what type of business it is! </p><p>The existence of any business organization cannot be imagined without the initiative and effective efforts of the entrepreneur. </p><p>You know, <a href="http://bconsi.blogspot.com/2012/09/entrepreneurship-meaning-and-definition.html">entrepreneurship</a> is very important for our society because it improves standards of living and helps driving innovation. </p><p>Successful entrepreneurs earned their success by increasing self-confidence. He has also the ability to learn from mistakes. </p><p><br /><b>9. Legal Validity: </b><br />The business activity must be acceptable in the eye of the law prevailing in the country or society. </p><p>No action out of society or law can not be considered a business. </p><p><br /><b>10. Public Welfare And Service Motive:</b> <br />Although the main objective of the business is to make a profit, the businessman has to work with the attitude of public welfare and service. </p><p>Businesses bring great benefits to the people through timely production and marketing of quality products as per the demand of the consumers. <br /><br />Finally, it can be said that all the activities of people are not a business activity. </p><p>Only those economic activities in which the above specific elements exist in economic activities are considered as business. </p><p>This is why business is called a condition or material-dependent economic activity. <br /></p>Mahiuddin Arifhttp://www.blogger.com/profile/10150193187944124242noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-32406732273797473692021-04-12T01:31:00.006-07:002021-04-13T23:09:49.287-07:00International Accounting Standards- IAS - Overview & Functions<p></p><p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li><b>Meaning of International Accounting Standard- IAS<br /></b></li><li><b>Definition of </b><b><b>International Accounting Standard- IAS</b></b></li><li><b>Explanation of </b><b>International Accounting Standard- IAS</b></li><li><b>Discussion on How the International Accounting Standard Committee Come to Light</b> </li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><a href="https://bconsi.blogspot.com/2021/01/production-management-definition.html"><b>Production Management</b></a><br /></li><li><b><a href="http://bconsi.blogspot.com/2020/10/swot-analysis-explanation-usage.html">SWOT Analysis</a><br /></b></li><li><b><a href="https://bconsi.blogspot.com/2021/02/accounting-equation-explanation.html">Accounting Equation<br /><span><a name='more'></a></span></a></b></li></ul><hr /> <div style="text-align: center;"><b>International Accounting Standard- IAS</b></div><hr /><div class="separator" style="clear: both; text-align: center;"><a href="https://bconsi.blogspot.com/2021/04/international-accounting-standard-ias.html" style="margin-left: 1em; margin-right: 1em;"><img alt="International Accounting Standard" border="0" data-original-height="360" data-original-width="840" height="171" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3K5jOHmbB7AsTeii0Rb4WDgAj7jqv36-xErRr7PMPXPIjdswMcxL85r0xUw31AaKqSSxmbH9lqpAvdglrJwjAtkjvxLKrsm5OQyBfmMFlyWm6e5iqLgh490JtPpIuLjfL3fdxFnY5fE3q/w400-h171/International+Accounting+Standard.jpg" title="International Accounting Standard" width="570" /></a></div><p></p><p><b>International Accounting Standard- IAS</b>: After the second world war, different countries take the initiative to build up joint venture business. As a result, there was a noticeable increase in joint venture startups. <br /><br />By nature, the interest of various country's citizen was conjunct to these <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> concerns. <br /><br />But a problem arises in this argument that if the books of account are created by following the host country's <a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">accounting</a> system, then the netizen investor may be benefited but for the foreign investor or partner, it will be a hard nut to crack. <br /><br />Thus, mutual trust and interest will be hampered. Because the accounting system at that time was not the same in all countries around the world. It varies from country to country. <br /><br />That's why after the 2nd world war, when the <a href="http://bconsi.blogspot.com/2012/10/joint-entrepreneur-meaning-and.html">joint ventures enterprises</a> are grown...such conditions influence the business entities and governments to think to have an international accounting system. <br />Some accounting standards will remain fixed so that all the countries around the world can follow such rules in their accounting books. <br /><br />Let me make you clear the benefits of such standards... If the international accounting standards are followed by a sixty number country and an investor wants to invest in a company of that country who is from the thirteen number country, he/she can easily read the companies accounting statements i.e. financial statements and books. <br /><br />However, for this purpose, Canada, France, Japan, Germany, England, USA, Australia ...Total of 16 countries build together an international accounting committee named International Accounting Standard Committee in brief, IASC. <br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://bconsi.blogspot.com/2021/04/international-accounting-standard-ias.html" style="margin-left: 1em; margin-right: 1em;"><img alt="International Accounting Standard" border="0" data-original-height="375" data-original-width="1086" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPn_7NeZdTwwkIDUk44n7zCo7B46rby6EPs1Qorfoqc5wDeoELHlYCbi60SFUR9tWo7aetPWPxummdEztH5iFxXnz9_2frRmwpnuMpOPnmI7Xhyphenhyphen2devNdB_H8iAIg6q-iqtK6kWg8E9DUX/s16000/International+Accounting+Standard+2.png" title="International Accounting Standard" /></a></div><p>The headquarter of IASC is located in London. International Accounting Standard Committee- IAS published updated accounting standards every year. These are called <b>International Accounting Standards</b> (<i>IAS</i>). </p><hr /><p></p><div style="text-align: center;">
<span style="color: #3d85c6;"><span style="font-size: x-large;">A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z</span></span>
</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-58575793530534298042021-04-11T07:09:00.002-07:002021-04-11T07:10:59.293-07:00Generally Accepted Accounting Principles (GAAP) - Definition & Meaning Explanation<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li><b>Meaning of Generally Accepted Accounting Principles (GAAP)<br /></b></li><li><b>Definition of </b><b><b>Generally Accepted Accounting Principles (GAAP)</b></b></li><li><b>Explanation of </b><b>Generally Accepted Accounting Principles (GAAP)</b> </li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><a href="https://bconsi.blogspot.com/2021/01/production-management-definition.html"><b>Production Management</b></a><br /></li><li><b><a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">Production</a><br /></b></li><li><b><a href="https://bconsi.blogspot.com/2021/02/accounting-equation-explanation.html">Accounting Equation<br /><span><a name='more'></a></span></a></b></li></ul><hr /> <div style="text-align: center;"><b>Generally Accepted Accounting Principles (GAAP)</b></div><hr /><div class="separator" style="clear: both; text-align: center;"><a href="https://bconsi.blogspot.com/2021/04/generally-accepted-accounting-principles.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Generally Accepted Accounting Principles" border="0" data-original-height="716" data-original-width="1482" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz0nAbdprp-X3Z-ne9D980hLTrnBBIXSWTET79NaaTqPBpjnYY9KMbsEFYgI8-pEd2VpLtCwllkvMIZuIQbyCRORhx2Nez_kTLL07BofeLvvcRvIpgTjZ1NrKETgyJrqqZKi6ZoUA3UdIx/w400-h194/Generally+Accepted+Accounting+Principles+%2528GAAP%2529.jpg" title="Generally Accepted Accounting Principles" width="570" /></a></div><p></p><p><b>Generally Accepted Accounting Principles (GAAP): </b>There are some rules, conventions & concepts in accounting which are being followed world wide in order to prepare financial statements and report to supply its users. Those followed rules, conventions & concepts are called Generally Accepted Accounting Principles or in brief.. <i><b>GAAP</b></i>. </p><p>These fundamental accounting principles are considered true and legal when the matter of keeping account book come. Generally, these accounting principles are being followed world wide in every financial organization whether it is a govt or private company. </p><p>By following these principles, an organization make its statement of assets, liabilities and equities. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://bconsi.blogspot.com/2021/04/generally-accepted-accounting-principles.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Generally Accepted Accounting Principles" border="0" data-original-height="430" data-original-width="538" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBFl6UDOYGDzp-hSptkHL_pX0ElSE3lh-55plCc5L1jlXMYa3W2a3GmgacIKGUUHjW0o8DYhFf6ainigAv2HMECXWxtCsSrh9z32wZiNzQ4C3D9rV9wNDYEm3qMkiRqkD1K4-L9vg-Hjdg/w400-h320/Generally+Accepted+Accounting+Principles+%2528GAAP%2529+2.png" title="Generally Accepted Accounting Principles" width="570" /></a></div><p></p><hr /><div style="text-align: center;">
<span style="color: #3d85c6;"><span style="font-size: x-large;">A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z</span></span>
</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-59470748527009632442021-04-09T07:51:00.009-07:002021-04-09T07:56:26.050-07:00Product Life Cycle - Definition & Meaning Explanation<p> <span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li><b>Meaning of Product Life Cycle<br /></b></li><li><b>Definition of Product Life Cycle<br /></b></li><li><b>Explanation of Product Life Cycle</b> <br /></li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><a href="https://bconsi.blogspot.com/2021/01/production-management-definition.html"><b>Production Management</b></a><br /></li><li><b><a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">Production</a><br /></b></li><li><b><a href="https://bconsi.blogspot.com/2021/01/capital-structure-definition-meaning.html">Capital Structure<span><a name='more'></a></span></a></b></li></ul><p></p><hr /> <div style="text-align: center;"><b>Product Life Cycle</b></div><hr /><p></p><p style="text-align: center;"> <a href="https://bconsi.blogspot.com/2021/04/product-life-cycle.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Product Life Cycle" border="0" data-original-height="720" data-original-width="960" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWbOLumRhSKB9CoFdUHqpCKO0nY5ruQ3bG8Oeiey0KlVR8Ey09fvUaIIsz7mRw4oQsjYE0poUJNgkMWToKEUBLoYR7yNlTOxaKiRBKWos6zN049N393gFsXOQlkuhndpftsQ7zmRxihs4I/s16000/product+cycle+2.jpg" title="Product Life Cycle" /></a></p><p><b>Product Life Cycle: </b>A product cycle is the life time a product from introduce to customer to take off its service. The length of time duration lies in between these two factors is called a <a href="https://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a> cycle. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://bconsi.blogspot.com/2021/04/product-life-cycle.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Product Life Cycle" border="0" data-original-height="346" data-original-width="552" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBsuy5UwQXFn2jEh8e8ktmHNaCcEJuN4DDJTXvIJX5LjrmQ-zESzPTKgeCcAxQazKUHIR9DBEc5iLXhyphenhyphentEyRNARsgquvBLm0OQdwbrsylBJzqcJP3iUOW30pAmwf6fZH08_-lVx3vZv2cm/s16000/product+cycle+1.png" title="Product Life Cycle" /></a></div><p></p><hr /><div style="text-align: center;">
<span style="color: #3d85c6;"><span style="font-size: x-large;">A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z</span></span>
</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-7274223313198252482021-03-28T08:46:00.005-07:002021-03-28T08:46:54.048-07:00The Origin And Evolution of Business <p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>The Origin and Evolution of Business</b></li><li><b>The History of Business</b></li><li><b>Business From Ancient To Modern Age</b><hr /></li></ul><p><i><b><span style="font-size: x-large;">T</span></b></i>he origin<span class="hiddenGrammarError"> and</span>
development of <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> are inextricably linked with the development of
human civilization. </p><p>In the primitive age, people used to fulfill <span class="hiddenGrammarError">their own</span> needs by themselves. At that time, human needs were limited by filling their hungry.<span></span></p><a name='more'></a><br />The
boundaries of human needs or wants continually growing day by day.
People have been trying to fill up this gap of demand for a long time.
But it was not possible. <p></p><p>Due to the labor division, there is a surplus
production on one side but on the other side, the shortage remains
incomplete. </p><p>As a result, it has started exchanging goods with others at
its own risk to meet the needs of others. </p><p>Later, due <span class="hiddenGrammarError">to</span>
various reasons, the exchange system was not very convenient. As a
result, gold, silver, and other precious metals were gradually
introduced as a medium of exchange. This made the exchange system easier
and different types of businesses emerged. A group of businessmen
emerged to make a profit. </p><p>At that time <a href="http://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> was mainly limited to
agriculture, hunting, animal husbandry, and handicrafts. This system of
production, which is dependent on manual labor, has evolved over a long
period in various societies, but it has not been able to overcome the
limitations.<br /><br />Later, the development of mechanical civilization
create opportunities for mass production. And thus we are currently
experiencing the existence of a global market. <span class="hiddenGrammarError"></span></p><div class="separator" style="clear: both; text-align: center;"><span class="hiddenGrammarError"><a href="https://bconsi.blogspot.com/2021/03/origin-and-evolution-of-business.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Business" border="0" data-original-height="636" data-original-width="900" height="283" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1k7F7feLMys9UXn4bP49Vv6gpEBYc9xk21ZcWzw_WeZLfWGRKosTeOAd68stwXGN2bRIH_qw3-JaQUQnwNAXneKx0NwC4pUx9KGz9qnGOJ4IWPJl7TSF03ZfKtoNw-kw2AncMT6TZgqB_/w400-h283/business+8.jpg" title="Business" width="570" /></a></span></div><span class="hiddenGrammarError"><br /></span><span class="hiddenGrammarError">The various</span> stages of this long <b>evolution of business</b> are discussed below:<p><b>A) Initial Stage</b><br />The people of this age were completely dependent <span class="hiddenGrammarError">on</span> nature. At that time, the main occupation of the people was to collect fruits from the forest and fishing.<br /><br /><b>1.
Primitive Stage: </b><br />For a long time after the arrival of man on earth, a
man was a nomadic nomad. Humans were subsisting on hunting and gathering
fruits for their subsistence. </p><p>Humans were subsisting on hunting and
gathering fruits for their subsistence. Gradually people started living
in groups. </p><p>At this stage, the lack of textile or dresses and
accommodation is felt acutely. Gradually people living somewhat
permanently actually mastered the technique of land cultivation by the
people. </p><p>People started raising animals. At this time the domestic
economy did not originate.<br /><br /><b>2. Direct Exchange: </b><br />At the primitive
age, the production systems are seen to revolve around the family needs. </p><p>But later it is seen that each family acquired special skills to
produce one <a href="http://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a> at a time. </p><p>As a result, more production can be
observed in any subject and deficit can be observed in any case. This
means that a family is deficient in the ability to produce one product
but not another. So this makes demand different. </p><p>As a result, quotes
need to be invested. <span class="hiddenGrammarError">Thus</span>
the exchange system or Barter System was introduced or invented. </p><p>At one
stage, the business started its journey through the exchange system.
But in a short time, lack of consistency, difficulty in dissolving
liquids, this system failed and failed to meet the needs of the people.<br /><br /><b>B) Middle <span class="hiddenGrammarError">Age</span></b><br />The
middle age of business was started from a barter system to an
industrial revolution. In the Middle Age of business, the production and
distribution systems were improved.<br /><br /><b>1. Introduction of Money: </b><br />In
the context of the futility of the exchange system, people are looking
for a means of exchange to meet their needs. </p><p>In a different society,
rare snails, oysters, stones, etc. were used as a means of exchange at
this stage. </p><p>As a result, there was some expansion in the transactions.
Such transactions take the shape of a business. </p><p>Later, when the society
or the state system became somewhat self-sufficient, the king or the
socialist introduced a valuable coin. </p><p>This system makes it easier to pay
rent, wages, etc. in addition to buying and selling goods. </p><p>As a result,
the widespread circulation of the labor department and the level of <span class="hiddenGrammarError">business</span> activity increased tremendously.<br /><br /><b>2. Growth of Market and Town: </b><br />After the introduction of money, the business expanded<span class="hiddenGrammarError"> and</span>
markets were created in different places for transactions. </p><p>Urban life
emerged there at one stage as the population gradually increased in
these areas. </p><p>At this time the production of various industrial products
started trying to meet the needs of city people. Boats and
animal-powered vehicles are used to transport goods. </p><p>At this time, the
security problems became apparent when it came to bringing goods. There
is also became a question of the possibility of fraud<span class="hiddenGrammarError"> and</span>
mistrust in the conduct of business for far and wide. </p><p>As a result, the
Merchant guild and Craft guild was formed. Which play a major role in
the development of business and trades.<br /><br /><b>3. Colonization: </b><br />Even if
trade and commerce developed in different parts of the world, In the
Mediterranean region trade and commerce were the most developed. </p><p>As a
result, traders or businessmen in the region are looking for new markets
to sell their products. During this time many European companies tried
to establish colonies in the name of trade and commerce in different
parts of the world. </p><p>European companies reached the golden age of
prosperity overnight by procuring low-cost raw materials from the
colonies and selling high-value industrial goods. </p><p>Out of these
companies, the East India Company gained the dominant position beyond
the boundaries of trade and commerce of the Indian subcontinent as like
as Hudson's Bay Company took the position in North America and Muscovy
Company took position to Russia. </p><p>In this way, at this stage, trade and
commerce were able to expand internationally.</p><p style="text-align: center;"><a href="https://bconsi.blogspot.com/2021/03/origin-and-evolution-of-business.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Business" border="0" data-original-height="800" data-original-width="1178" height="271" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGSePqoQuEQo7vOBs26usKMawIAq4DVPOZlASEN2OGR8A_87-i6N8jHWpbmHF5U_cE-iyxJgw1ZnKrd1sXzTVLJf-U3gDiJAj8Va0sUz3fBKR7jq08LqpNFelX_bK7YJ2JAvYk6q7HKUgC/w400-h271/business+6.jpg" title="Business" width="570" /></a><br /></p><p><b>C) Modern Stage:</b><br />The
different types of profitable businesses were started in the modern
stage. From the industrial revolution to the present time is called the
Modern Stage.<br /><br /><b>1. Industrial Revolution: </b><br />By the end of the Middle
Ages, trade had improved considerably, but traders couldn't meet the
growing needs of society with muscle-dependent production systems. </p><p>So
between <i>1750 </i><span class="hiddenGrammarError">and</span>
<i> 1850</i>, some groundbreaking inventions revolutionized the system of
production and distribution in business history. The invention of the
steam engine by James Ward leads the development of mechanical power. </p><p>Spinning Jenny was invented in <i>1764 </i>or <i>1765 </i>by James Hargreaves, Power
Loom was invented by Kay, Arkwright invented Water Frame, Compton has
invented Soul and The invention of all these instruments played a huge
role in the progress of the weaving industry. <span class="hiddenGrammarError"> </span></p><p><span class="hiddenGrammarError">Thus</span> the revolutionary progress that took place in the industrial world of Europe between <i>1750 </i><span class="hiddenGrammarError">and</span>
<i>1850 </i>is called the Industrial Revolution. This revolution led to the
development of industry and took place of the long-standing family
production system and resulted in mass production and distribution. </p><p>The
use of mechanical energy led to the expansion of the transport system.</p><p style="text-align: center;"><span class="hiddenGrammarError"><a href="https://bconsi.blogspot.com/2021/03/origin-and-evolution-of-business.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Business" border="0" data-original-height="800" data-original-width="1200" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPcpjNKedi3Ahm_PkJyv8SKo0nGwiDXT0VooWhqZ04PVfecHlWiGQhu4_G54OltbjJduObvxj72IUuuGZuQKTSuNiWeVv2IEU6d__lv_qa8piotmZoKg1J20Z6nQYL9bNF0wXyT_c-SU2D/w400-h266/business+7.jpg" title="Business" width="570" /></a></span><br /></p><p><b>2.
Development of Technology and Modernization: </b><br />As a result of the
Industrial Revolution, various types of industrial factories were
established in the country, and abroad and this led to massive economic
progress. </p><p>An environment of widespread competition is created
internationally, and as a result, the product quality<span class="hiddenGrammarError"> and</span>
new experiments were increased and running research to reduce costs. </p><p>Due to all these activities, technological development became
widespread. The use of these new technologies accelerates the further
development of business. This is how we entered today the world of
computer technology. </p><p>The global market and the free market economy are proving the highest respect and development in the business today.</p>Mahiuddin Arifhttp://www.blogger.com/profile/10150193187944124242noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-90424796271431182132021-02-25T10:26:00.002-08:002021-02-25T10:26:49.991-08:0010 Great Strategies for Sustaining a Business Growth<p></p><p></p><p></p><p></p><p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting... <br /></p><ul style="text-align: left;"><li><b>What You Need to Know to Survive in Business.</b></li><li><b>Business Survival Strategies in the Modern Age.</b></li><li><b>Survival Business Strategies. </b></li><li><b>Strategy to Sustain the Business </b></li><li><b>The Ways to Sustain Business Growth <br /></b></li><hr /></ul><p></p><p><span style="font-size: x-large;"><i><b>T</b></i></span>he topic we are going to discuss in this post is what can be the way or strategy to sustain the business.<br /></p><p>You know, it is easy to start a <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>.<br /><br />But after starting a business, many people can't sustain the business in the long-run.<br /><br />This is happening in every country in the world.<br /><br />If 100 businesses are started, 90 of them end in as a business failure.<br /><br />What strategies can be adopted to sustain these businesses or what processes can be used for improving these businesses?<span></span></p><a name='more'></a><br />Now, what will you do for continuing your business in the long-run? <br />Read 10 strategies below for improving the sustaining chance in your business and the growth.<p></p><p style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVJBJWx6LAnQb0c7PUddQSNHw_egkAO3tG2WHCRO44iSOIFuCkx_NOumqg0ozVJUWkVYd5mSvCzgNoMAkPXT8yf3Y9dp906ZYGS6H-SEnFlWowN1vvZraO_IQ7UgjwFFjOg-To_zA5YgWu/s675/business+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Sustaining a Business Growth" border="0" data-original-height="400" data-original-width="675" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVJBJWx6LAnQb0c7PUddQSNHw_egkAO3tG2WHCRO44iSOIFuCkx_NOumqg0ozVJUWkVYd5mSvCzgNoMAkPXT8yf3Y9dp906ZYGS6H-SEnFlWowN1vvZraO_IQ7UgjwFFjOg-To_zA5YgWu/w400-h238/business+3.jpg" title="Sustaining a Business Growth" width="570" /></a><br /></p><p><b>1. You Have to Start Carefully:</b><span class="hiddenSuggestion"><br />First of all</span>, you have to think about how to start nicely or perfectly. There is a proverb of beginning<span class="hiddenGrammarError"> and</span> that is <span class="hiddenGrammarError">"</span>a well begun is a half done<span class="hiddenGrammarError">".</span> You have to keep trying to start your business nicely.<br /><br />Now the question is <span class="hiddenGrammarError">what to do</span> to start a business nicely.<br /><br /><span class="hiddenSuggestion">First of all</span>, you must learn the business.<br /><br />Second, you have to do business with someone.<br /><br />Third, you need to have a clear plan for starting your own business.<br /><br />It should be well planned before starting a business. It is also called <span class="hiddenSpellError">drafting a plan for</span> business.<br /><br /><b>2. Sale Center/Shop Location:</b><br />The
place or location of your cell center or shop location must be in a
crowded place where the movement of buyers should be more than other
places. </p><p>It is always important to decide where the best place for your
business is. The location plays a huge role in attracting your valuable
customers. </p><p>A good position in a selling center can significantly enhance
a company’s long-term performance. </p><p>Poor position or location can spend
millions on lost talent, productivity, and capital as well as the loss
of business.<br /><br /><b>3. Decoration:</b><br />The decoration of your shop or
showroom should be attractive to the customers. A lot of times some
people see the beautiful decorations of a shop and go inside even though
they have no intention of buying the <a href="https://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a>.<br /><br />You must show good behave with them. Then they will go to your shop later when they want to buy any product.<br /><br /></p><ul style="text-align: left;"><li>Always brings variety in the store decorations to attract people.</li><li>Try a slightly different decoration from the others.</li></ul><p><br /><b>4. Clean and Tidy:</b><br />You know, cleanliness is a part of faith in Islam. So, always keep your shop or showroom clean and tidy. Some tips are given below...<br /></p><ul style="text-align: left;"><li>Use scented and room spray. </li><li>Clean yourself first as well as your storeroom.</li><li>Wear elegant dresses and speak with the customer very politely.</li></ul><p><br /><b>5. To-do list of Salesman:</b><br />In
addition to keeping your shop or showroom clean and tidy, you and your
salesmen need to be cleaned, tidy, and dress up should be smart.<br /><br />It is better to have a polite and tidy uniform for everyone.<br /><br />Salesmen always have to be deal with customers nicely.<br /><br />Remember,
all customers are not equal. Some may misbehave with you. But you can
never be bad with customers. Deal with customers in such a way that the
customers fall in love with you.<br />Always keep a smile on your face.<br /><br />Today,
even if the customer does not buy anything from you, he will come to
your store the next day, fascinated by your behavior, and buy a product
from your shop. He will come to your store again and again when the two
(owner and customer) have a good relationship.<br /><br />Don<span class="hiddenGrammarError">'</span>t
forget to entertain all these customers when they come to your showroom
or shop. And one more thing is very important, and that is, you have to
give equal importance to all customers.<br /><br />Give the same importance to
the customers who buy the more expensive product as you give to the
customers who buy a small amount of product.<br /><br /><b>6. Exclusion of Excess Profits: </b><br />You must exclude extra profits. If you can earn faith of your customers, your sell will increase. Then you can earn more money by taking relevant price. </p><p>So, keep some tips in the head to sustain your business...<br /></p><ul style="text-align: left;"><li>Do not take over price
from any product to unknown or known customers.</li><li>Do not mix adulterants in any products. <span class="hiddenSuggestion"> </span></li><li><span class="hiddenSuggestion">Do</span>
not give less weight. </li><li>Try to be loyal to the customers by doing
business honestly. </li><li>Never get angry at the time of bargaining with customers.</li><li>Always keep a smile on your face. <br /></li></ul><p>Remember, customers, buy different products by
trusting the salesman.<br />So never disrespect customer's faith. </p><p>The
customer quotes a price for a product that you cannot sell. Then you
politely say, sorry sir/brother/madam, it is not possible to sell at
this price. If you want to <span class="hiddenGrammarError">buy</span> it <span class="hiddenGrammarError">-</span> you have to pay this price.<br /><br /><b>7. Keep Good Quality Products: </b><br />No matter what category of products you sell, be sure to sell good quality products.<br /><br />Do
not try to sell or keep fake, expired, adulterated products in your
shop or showroom. You can't improve your business permanently because of
this illegal activity and you can be jailed and fined at any time.<br /><br />Even if you get a pass by doing adulterated business on this earth, you will be caught by the great creator on the hereafter.<br /><br /><b>8.
Publicity: </b><br />An important aspect of a business is publicity. The world's
biggest business is spending millions of dollars on publicity. <br /><br /><span class="hiddenGrammarError">Because</span>
promotion is the way of expansion of your business. The more you
promote your Business, the better your business will be. </p><p>You also should
run different types of campaigns within your effort. In a simple word, you need to give emphasize on <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a>. </p><p>The marketing has a lot of aspects. All aspects may not be adjusted with your business. </p><p>You need to select and start making marketing campaign on those tactics adapt with your business in order to ensure the publicity.<br /></p><p>For example,
you can advertise in local newspapers, FM radio, TV, online blogs,
magazines, and social media. You can also advertise through posters or
leaflets.<br /><br />At present, the Internet is booming day by day. Advertise in internet-based media, especially <span class="hiddenGrammarError">on</span> Facebook, Twitter, online radio, TV, and news portals.<br /><br /><b>9.
Selling Products Online: </b><br />The best way to survive in a modern business
is to sell products online. </p><p>Today many <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organizations</a> are established in
the country, and abroad by selling various products online. None of them
has a selling center or shop in the market. They are running this
business by sitting at home. </p><p>You can now sell any product online. For
this, first, you have to create an online shop (e-commerce website). </p><p>If
you want to survive in the modern age, start selling your products using
technology. But remember one thing, buying and selling online is based
on trust. </p><p>So never disrespect anyone's faith or trust. Do business
honestly. You will be able to improve your business.<br /><br /><b>10.
Concentrate on One Task at a Time: </b><br />There is no doubt that the most
important habit to survive in today's modern business world <span class="hiddenGrammarError">is to</span> be able to focus 100% on a task at a time.<br /><br />Over
the past 20 years, project <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> research has clearly shown that
many tasks are more successful and efficient than those that strive for
multiple tasks.<br /></p><p style="text-align: center;"><img alt="Sustaining a Business" border="0" data-original-height="341" data-original-width="512" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5cIyU5jfQQGonwjhmRoWXCDjPoA3LFm26MypE6Ozq1JRb_wWLRSyZk9RaXdbmvVzqTYJur556cmglkPXSc435RhJA7Ps7i5X4PtuM4p5iz0cKVHoZI6bc-hb_BmaPHNmmiqfuZ5scPUqB/w400-h266/business+5.jpg" title="Sustaining a Business" width="570" /><br /></p><p>So, after the above discussion we will say you that you can note every point for your business,
and these points are very important for your business. You know, it is
easy to start a business but difficult to survive.<br /><br />There is a rule in the market,
and that is the market does not remain empty. If you don’t try someone
will occupy or capture the market. </p><p>So, always try to survive and improve
your sustainable business strategy.</p>Mahiuddin Arifhttp://www.blogger.com/profile/10150193187944124242noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-51829643180499603492021-02-15T06:24:00.000-08:002021-02-15T06:24:51.355-08:0012 Functions of Marketing Management<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting... <br /></p><ul style="text-align: left;"><li><b>Functions of Marketing Management</b><hr /></li></ul><p><span style="font-size: x-large;"><i><b>W</b></i></span>e have to understand the key task of marketing management for improving a company or organization's sales. </p><p>Marketing management is the application of <a href="http://bconsi.blogspot.com/2016/03/principles-of-management.html">management principles</a> and <a href="http://bconsi.blogspot.com/2016/03/7-functions-of-management.html">functions</a> in the overall marketing activities. </p><p>The main process is done by performing all the activities from the manufacturer to the consumer and every company does this. <span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE5zs_8VnlN2zUWkVkPrKT0DL2Phhg1PCXoosxs2SEHZVGh_iPAur4PWGxen6pmyZS5TCapX7Qv7HJqRsj34BLqLxp6IeqYZRdncAIVVmmdmHitDj6dh6oQHvd8B7cY-pduX8dTwTxI2Um/s678/marketing+management+4.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Marketing Management" border="0" data-original-height="362" data-original-width="678" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE5zs_8VnlN2zUWkVkPrKT0DL2Phhg1PCXoosxs2SEHZVGh_iPAur4PWGxen6pmyZS5TCapX7Qv7HJqRsj34BLqLxp6IeqYZRdncAIVVmmdmHitDj6dh6oQHvd8B7cY-pduX8dTwTxI2Um/w400-h214/marketing+management+4.png" title="Marketing Management" width="570" /></a></div><p></p><p>The following are some major functions of <a href="http://bconsi.blogspot.com/2016/04/marketing-management-philosophy-meaning.html">marketing management</a> given.<br /><br /><b>1. Marketing Strategies and Development Planning: </b><br />The first<span class="hiddenGrammarError"> and</span> the most important task of marketing management is to find attractive opportunities for long-term success. </p><p>The main task of marketing management is to find out the strategy that the buyers will buy a <a href="https://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a> after producing it. </p><p>The marketing manager needs to plan and develop the right marketing strategy for company growth.<br /><br /><b>2. Marketing Insights: </b><br />Different types of events happen inside and outside an organization and different types of work are performed.</p><p>A marketing manager needs to be aware of all the issues. In order to be aware of all the issues, the marketing manager has to create a database of the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> on all the issues. Otherwise, he will not be able to control the organization.<br /><br /><b>3. Connection to Customers: </b><br />One of the important tasks of marketing management is to create maximum value for the desired buyers. </p><p>The marketing manager needs to implement a strategy to build a strong, profitable, and long-term relationship with the valuable customer. </p><p>The manager has to analyze for knowing his customers and produce a product on <span class="hiddenGrammarError">demand</span> of customers. </p><p>Sometimes, a manager creates an emotional connection with customers by the company product. Actually, it is happened by delightful customer experiences.<br /><br /><b>4. Strong Brand Building Process: </b><br />One of the important functions of <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> is building a strong brand value. For creating brand value the manager has to research his competitor and market. <span class="hiddenSuggestion"> </span></p><p><span class="hiddenSuggestion">First of All</span>, a manager has to determine his brand's target <span class="hiddenGrammarError">audience</span>. A manager should establish a mission statement for his company. </p><p>The marketing manager creates a unique brand voice for establishing the new brand. They create a unique logo<span class="hiddenGrammarError"> and</span> it is one of the small steps toward developing a strong personality.<br /><br /><b>5. Product Delivery Shape: </b><br />The marketing manager has to consider the different aspects for developing the product. The aspects are quality, design, features, packaging, etc. </p><p>Besides, the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> has to provide or continue <span class="hiddenGrammarError">the various</span> types of services to the customers, such as warranty, leasing, delivery, repair, training, etc. </p><p>In this way, the marketing manager tries to increase the attraction of the buyers to the product by keeping various types of <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> facilities. </p><p>It is very important to know the <a href="http://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html">delivery</a> safety of a product when it is released in the market.<br /><br /><b>6. <span class="hiddenGrammarError">Supplying</span> of Value:</b> <br />The customer value is the difference between a modest price for a product and the benefit from a product. </p><p>Customers are motivated to purchase products because they usually want to get more value from the product or services. </p><p>There are 4 types of supplying value to the customers and one of the direct selling is the best. And other marketing channels are selling through intermediaries, reverse channel<span class="hiddenGrammarError">,s</span> and dual distribution. </p><p>Do you know <span class="hiddenGrammarError">how</span> do you generate the value of a product? <span class="hiddenSuggestion"> </span></p><p><span class="hiddenSuggestion">First of all</span>, you have to increase product convenience and improves services.<br /><br /><b>7. Improving Selling Process:</b> <br />Every company has some own customers. If a company <span class="hiddenGrammarError">want</span> to increase sale, they should keep the focus on the existing customers. And another way of improving sales is learning about your competitor and should take action according to your competitor's activity. </p><p>Your product is the main driving force of your business. So in order to grow the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>, you have to improve your product quality. </p><p>The company has to produce the quality things that the customer wants. If a company want to increase their sales, the company should keep adequate training opportunity for all staff. </p><p>One of the best ways to increase sales is to build relationships with customers and keep inquiries up with the customers who buy the company's products.<br /><br /><b>8. Creating Long-Term Benefits: </b><br />The marketing manager must take the necessary steps to achieve the long-term growth of his company. For this reason, the company has to pay deep attention to developing new products.<br /><br /><b>9. Implementation and Control of the Marketing Plan: </b><br />Implementing and controlling the marketing plan is the last task of marketing <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a>. </p><p>The marketing manager must create a beautiful marketing structure through which the work can be easily implemented and controlled according to the marketing plan.<br /><br /><b>10. <span class="hiddenGrammarError">Buying</span> and Assembling Process: </b><br />Purchasing a product means when, what kind of product, what quality product, and from whom, how much a product price is determined. </p><p>Assembling is like setting up a product after purchasing it and fitting it to the factory.<br /><br /><b>11. Transportation: </b><br />All the functions of transportation include the production of a product and its delivery to the consumer. </p><p>The marketing manager does all the work from the <span class="hiddenGrammarError">time</span> the product is produced until it reaches the consumer. </p><p>Transportation creates location utility. The importance of transportation is immense for running a business smoothly.<br /><br /><b>12. Storage:</b> <br />It helps a business in two ways. First in factory storage<span class="hiddenGrammarError"> and</span> the second it after production storage. Storage plays an important role in overcoming the business deficit of its products.<br /><br />After the above discussion we can say that the importance of a marketing management is much greater when it comes to running a business. This is why the MD of the company always tries to hire a skilled marketing manager for <a href="http://bconsi.blogspot.com/2016/07/16-functions-of-business.html">running his business</a> profitability. </p><p>Managers have to apply a variety of strategies to get the company to a profitable position in the market.</p><p>If we look at the functions of marketing management then it is clear to us the <a href="http://bconsi.blogspot.com/2021/01/importance-of-marketing.html.html">importance of marketing</a> management for achieving the organization goal. </p><p>So, the higher authority of a company should give emphasize on the smooth running of the marketing management functions. <br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-82419879386633530382021-02-11T08:42:00.000-08:002021-02-11T08:42:24.274-08:00 Accounting Equation Explanation<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Accounting Equation Definition<br /></b></li><li><b>Elements of Accounting Equation Explanation</b></li><li><b>Elements Which Affect the Capital</b><hr /></li></ul><p><span style="font-size: x-large;"><i><b>T</b></i></span>he accounting equation is the cornerstone of accounting. The fundamental of the double-entry accounting system stands on it.<span></span></p><a name='more'></a><p></p><p>Note
that if you want to understand the double-entry system or modern
<a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">accounting</a>, then you should understand the accounting equation well and
clearly. Because the concept of the accounting equation is
understandable to you then journal entry, ledger entry, trial balance,
worksheet, balance sheet ... all will be clear to you. In other words,
these mathematical functions will be easy to understand for you.</p><p><u><b>Accounting Equation:</b></u><br />The equation by which total assets and total liabilities are shown
equally is called the accounting equation. By accounting equation, we
can know the amount of asset, liability, and owner equity.</p><p>Below we has shown the accounting equation.</p><p style="text-align: center;"><span style="font-size: x-large;"><b>A=L </b></span></p><p>or, if we elaborate the equation...then we find... <br /></p><p style="text-align: center;"><span style="font-size: x-large;"><b>A=L+E</b></span></p><p>Here,</p><p>A= Asset</p><p>L= Liability</p><p>E= Equity or owner equity or capital</p><p>So, the accounting equation is stand in full form as...</p><p style="text-align: center;"><span style="font-size: x-large;"><b>Asset = Liability + Equity</b></span><br /></p><p>We will further discuss on the accounting equation elements in order to make it clear to understand. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWhb1Ra04OV9X87UMCxvIM9Qd9q6M7j2Vkqvp_VgOKrdHV-1hA_9iQkvo327fhCHIkmQv9tFEzhOTEHt1jRMEaP6MlWLYnqvDT4lVktrTtXsHkrNwnRl76d9-giTeFAGQCTRqaDWdfgVbf/s552/accounting+equation+1.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Accounting Equation" border="0" data-original-height="302" data-original-width="552" height="219" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWhb1Ra04OV9X87UMCxvIM9Qd9q6M7j2Vkqvp_VgOKrdHV-1hA_9iQkvo327fhCHIkmQv9tFEzhOTEHt1jRMEaP6MlWLYnqvDT4lVktrTtXsHkrNwnRl76d9-giTeFAGQCTRqaDWdfgVbf/w400-h219/accounting+equation+1.jpg" title="Accounting Equation" width="570" /></a></div><p></p><p>By the way, Accounting equation is the equation which has been developed by the applying double entry system formula. That means which equation has been presented by depending on the double entry system is called accounting equation. <br /></p><p><u><b>Elements of Accounting Equation:</b></u><br />Elements of accounting equation are asset, liability and equity or owner equity or shareholder equity. We've discussed those below...<br /></p><p><b>Asset:</b><br />Assets are a business's rights from which financial
benefits will be available in the future. For example; account
receivable, treasury bills, certificate of deposit, building, land,
furniture, and equipment, etc.</p><p><b>Liability:</b><br />Which parties will
get money from a business are liabilities. So liability is the amount of
money that a <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> needs to pay. For example; product purchase in
credit, account payable, short term loan, long term loan, mid-term loan,
etc.</p><p><b>Capital/Shareholder Equity:</b><br />Capital is the investment of
the business owner. It is also one kind of liability for a business.
Because, in the double-entry system, the business is operated like an
artificial entity.</p><p>If the business owner takes money from the
<a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>, then it will be listed in the book of withdrawal.
In such kind of transaction, owner equity or capital makes debit to
show the reduction of ownership interest in the business.</p><p>For
shareholder equity, the term is the same. just think about the matter
instead of a single or partnership owner of a business. <br /></p><p><u><b>Elements Which Affect the Capital:</b></u><br />There are some elements that affect the capital of a business. We will discuss those below.</p><p><b>1. Income:</b><br />Income
is the exchange value of a <a href="http://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a> or service. For income, the
capital is affected. If income is increased, capital is increased. On
the contrary, If income is decreased, then the capital is decreased.</p><p><b>2. Expense:</b><br />To
purchase products or taking service the money is spent is called
expense. In other words, the cost of purchasing an asset or taking a
service in order to earn an income is called expense. </p><p>By expense,
the capital is affected. If the expense is increased, the capital is
decreased. On the contrary, if the expense is decreased, the capital is
increased.</p><p><b>3. Withdrawal:</b><br />If the business owner takes money,
product, service, or asset from the business, then it will be
withdrawal. </p><p>By withdrawal, the capital is affected. If the withdrawal is
increased, the capital is decreased. On the contrary, if the withdrawal
is decreased, the capital is increased.<br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-87626226682884414812021-02-09T09:52:00.001-08:002021-02-09T09:55:44.027-08:00Accounting Cycle Definition & 11 Steps of The Accounting Cycle<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Definition of Accounting Cycle </b></li><li><b>The Steps of Accounting Cycle </b></li><li><b>Accounting Cycle Explanation</b><hr /></li></ul><p></p><p><span style="font-size: x-large;"><i><b>B</b></i></span>efore understanding <a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">accounting</a> well, we need to understand its process and procedure first, right?</p><p>The
understanding accounting cycle is the very beginning part of
understanding accounting. Because it narrates what you need to
understand or know well. On the other hand, It also narrates the <a href="http://bconsi.blogspot.com/2015/08/functions-of-accounting.html">functions of accounting</a>.<br /></p><p>From this article, we will know what is accounting cycle and the steps of the accounting cycle.<span></span></p><a name='more'></a><p></p><p><b>Definition of the Accounting
Cycle:</b> <br />It is said in the going concern concept of accounting that every
<a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> will run for an indefinite period. But to supply
information to related accounting information users we need to prepare a
financial statement. </p><p>In order to prepare a financial statement, we have
to follow some steps such as identification of transaction, recording,
classification, etc, and all of these tasks are needed to complete step
by step.</p><p></p><br />So, the accounting cycle consists of the all steps which
start from the identification of transactions and after preparing the
balance sheet end at closing entries(closing journal entry). <p></p><p>All of
those tasks are completed one after another. That's why it is called an
accounting cycle.<br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK4N_yuSQqCTPTRrXt1owAmri2hY0zxSRSdJ7m2uc1F9HTtPUA9X6v6i5WYy8CPX1L8fNkZOMW4puEP1NJMNR0pD8bMSoP-Uo-7LY3-On6MLDrCxppTxdHDQ-5h43RFv2ATYWZP4DlyVA-/s654/Accounting+cycle.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Accounting Cycle" border="0" data-original-height="354" data-original-width="654" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK4N_yuSQqCTPTRrXt1owAmri2hY0zxSRSdJ7m2uc1F9HTtPUA9X6v6i5WYy8CPX1L8fNkZOMW4puEP1NJMNR0pD8bMSoP-Uo-7LY3-On6MLDrCxppTxdHDQ-5h43RFv2ATYWZP4DlyVA-/s16000/Accounting+cycle.png" title="Accounting Cycle" /></a></div><p></p><p></p><div class="separator" style="clear: both; text-align: center;"></div><p>However, the steps of the accounting cycle are narrated below...</p><p></p><p></p><p><b>1.
Identification of Transaction:</b> <br />We know that every transaction is an
event. But every event is not a transaction. Identification of
transactions is the first step of the accounting cycle. In this step, an
accountant identifies transactions from all the events that occurred in
a specific period.</p><p>If any event affects the accounting equation
then it is identified as a transaction. Then it is select to record in
the account book.</p><p><b>2. Recording in the Journal Book:</b> <br />After
identification of transactions, they are needed to write down in the
journal book. Journal book is called the daily book of account.</p><p>Keeping
a journal book is a necessary step of the accounting cycle. In other
words, it is the cornerstone of the accounting cycle.</p><p><b>3.
Classification:</b> <br />From the journal book we can't know about the amount of a
specific cost or earning for the whole accounting period. That's why to
know the balance of every account, all transactions of an account bring
together in a particular table and finalize the total balance for the
period. It is called a ledger book.</p><p>By ledger book, we can know
the whole amount of all the activities of an account. Preparing the
ledger book is an important step of the accounting cycle.</p><p><b>4. Trial
Balance:</b> <br />To justify the mathematical purity of accounts, an accountant
prepares a trial balance. If the debit and credit balance becomes the
same then it is assumed that there is no error in the accounts. But if
they don't match then it is assumed that there is a wrong existed in the
accounts.</p><p>The accounting equation is proved in the trial balance.
Although it is a step of the accounting cycle, preparing a trial
balance is not mandatory. But if it is prepared then it is well. Because
it ensures the mathematical correctness of accounts.</p><p><b>5. Adjusting
Entries:</b> <br />Adjusting entries are the journal entries that are recorded in
the account book by showing the balance of advance and accrued expenses
and incomes after the accounting period in order to finalize the real
financial condition of a business concern. It is an important step of
the accounting cycle.</p><p><b>6. Adjusted Trial Balance:</b> <br />After preparing
adjusted entries the next step of the accounting cycle is preparing an
adjusted trial balance. An adjusted trial balance is prepared after
preparing ledger accounts by the adjusting entries. It shows the
mathematical correctness of adjusting entries.</p><p><b>7. Preparing
Worksheet:</b> <br />Financial statements are prepared from the adjusted trial
balance. But if a statement shows trial balance, adjusted trial balance,
income statement, and balance sheet, then it is called a worksheet.</p><p>Preparing a worksheet is not mandatory. In other words, in the accounting cycle, it is not a mandatory step.</p><p><b>8.
Financial Statement:</b> <br />Financial statements are the most important step
of a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>. In other words, it is the most important
step of the accounting cycle.</p><p>Financial statements are divided into two parts, one is the income statement and another is the balance sheet.</p><p>By
the income statement, the users of the account can know the income and
expense of the business concern for the whole year or accounting period
and they can know also whether the business has made a profit or loss.</p><p>By
the balance sheet, the users of the account can know the whole scenario
of the business organization. It shows also the current and fixed
assets of the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>.</p><p><b>9. Closing Entries:</b> <br />In this step of the
accounting cycle, all the income is shown in the debit and the income
statement is shown in the credit. On the other hand, All the expenses
are shown in the credit and the income statement is shown in the debit.</p><p><b>10.
Post Closing Trial Balance:</b> <br />After the closing entries posting in the
journal book and preparing the ledger account by those closing entries, a
post-closing trial balance is prepared.</p><p><b>11. Contra Entries:</b> <br />The
final step of the accounting cycle is posting the contra entries in the
journal book. In this step of the accounting cycle, the previous year's
expense and income are adjusted to the new year's expense and income.<br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjH4_KR58gT0JW0z0esDK_Y1KjADR1xRMNwpadTBX09MsFzdDJNEDiKupMolB_Rgv7UHd8UBOE6mBG5fG7sJJc-PMfQ5u57_qX0lEoVlY7k-qf3I_Q5E8E7cytZne9KNvv6wn4cp4ezHmd3/s836/Accounting+Cycle+2.jpg" style="margin-left: auto; margin-right: auto;"><img alt="Accounting Cycle" border="0" data-original-height="812" data-original-width="836" height="389" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjH4_KR58gT0JW0z0esDK_Y1KjADR1xRMNwpadTBX09MsFzdDJNEDiKupMolB_Rgv7UHd8UBOE6mBG5fG7sJJc-PMfQ5u57_qX0lEoVlY7k-qf3I_Q5E8E7cytZne9KNvv6wn4cp4ezHmd3/w400-h389/Accounting+Cycle+2.jpg" title="Accounting Cycle" width="570" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">Most Important Steps of the Accounting Cycle<br /></td></tr></tbody></table><p></p><p>Above
we have discussed the steps of the accounting cycle. By the above
process, the accounting cycle keeps continuously running year after
year. Thus the concept of going concern and the concept of an accounting
period become realistic.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-47388645446492316392021-02-06T09:34:00.006-08:002021-02-06T09:34:53.280-08:0010 Objectives of Marketing Management<p><span style="font-size: x-large;"><i><b> Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Objectives of Marketing Management</b></li><li><b>Goals of Marketing Management</b></li><li><b>What should be the Ultimate Purpose of Adopting Marketing Management Policy For A Business Concern?</b></li></ul><hr /><p></p><p><span style="font-size: x-large;"><i><b>G</b></i></span>eneral management has some goals and objectives, just like that marketing
management also has some goals or objectives. </p><p>Marketing Management discusses how to manage the marketing sight of a
company or business. It works with the keeping of some goal or
objectives. The marketing management department will implement those in
their regular activities.<span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd7jyI6CQ5Y-ofkbzhd2c10r0UIZWEjHLjbVWt3eWECyyyZ0mxcg1sQZ0as6M69vy-ZHm16OulfqBCEJILV6K5a2nFsM6cif7l2X1611ucBSlfU8ObXxEBcr66PC0MoJLfkRMYgXJ5OI9P/s750/Marketing+Management+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Marketing Management" border="0" data-original-height="500" data-original-width="750" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd7jyI6CQ5Y-ofkbzhd2c10r0UIZWEjHLjbVWt3eWECyyyZ0mxcg1sQZ0as6M69vy-ZHm16OulfqBCEJILV6K5a2nFsM6cif7l2X1611ucBSlfU8ObXxEBcr66PC0MoJLfkRMYgXJ5OI9P/w400-h266/Marketing+Management+2.jpg" title="Marketing Management" width="570" /></a></div><br /><p></p><p>By the way, the following marketing
management objectives are discussed below.</p><p><br /><b>1 Collection and Analysis
of all Information Related to the Marketing:</b> <br />One of the goals and
objectives of marketing management is to collect all the information
related to the marketing from different sources and make the final
decision by analyzing all data.</p><p><br /><b>2 Product Planning:</b> <br />A plan has to be
prepared for the production of the product after collecting and
analyzing the necessary information related to marketing. </p><p>The purpose of
<a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> management is to plan according to the tastes and preferences
of the buyers by estimating the potential demand in each market.</p><p><br /><b>3
Appropriate Distribution Management:</b> <br />Appropriate distribution processes
have to be taken for the product after production according to the
product's distribution plan. </p><p>The purpose of marketing management is to
adopt the appropriate distribution management. Product distribution
should be planned before starting the production.</p><p><br /><b>4 Product Pricing:</b>
The appropriate price of the product has to be determined before
introducing the product to the market. </p><p>The price of a product serves as
an important tool for a product to hit the market. An important purpose
of marketing <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> is to determine the appropriate price of the
product.</p><p><br /><b>5 Development and Expansion of a Product of the Market:</b> <br />The
organization has to think about the market development and expansion of
the product after sending the product to the market at a fixed price. </p><p>The company undertakes various expansion activities to expand its sales
to develop and expand the product market.</p><p><br /><b>6 Increase Profits by Reducing Costs:</b> <br />By keeping normal product sales and increasing sales and
keeping the distribution costs to a minimum level the normal profit can
be achieved. </p><p>So A company always tries to keep the production cost of
the product at a minimum. In this way, the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> increases the
amount of profit by reducing the number of production costs, and thus
marketing management does one of their important work.</p><p><br /><b>7 Evaluate the Complete Work:</b> <br />First of all, the company will implement its plan. One
of the goals of marketing management is to identify all the shortcomings
in the implementation of the marketing plan and to make arrangements to
change and refine them.</p><p><br /><b>8. Finding Strategies to Create Product Demand:</b> <br />One of the purposes of marketing management is to create demand
for a product in any way. The main job of marketing management is the
<a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> of products according to the needs of the consumers. </p><p>In many
cases, the product is produced first and then the demand for the product
is increased by informing the customer about the usefulness of the
product.</p><p><br /><b>9 Achievement Customer Satisfaction:</b> <br />The marketing manager
must know the needs and satisfaction of the customer before offering any
product or service because today all types of business are
customer-oriented.</p><p>If customer satisfaction is not achieved, the
<a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> would not survive a long time.</p><p><br /><b>10 Building the Company's Reputation, Goodwill and Image:</b> <br />The marketing manager has to create a
strategy to build a good reputation of the company in a given period of
time. The marketing department tries to achieve customer satisfaction by
setting reasonable prices for the company's products. </p><p>Marketing
managers try to enhance the reputation of the company by keeping the
price of the product reasonable by keeping the quality of the <a href="http://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product </a>
good through advertising and making the product easily available to all
outlets.</p><p>From the above discussion it can be finally said
that the overall goal and objective of marketing management is to
increase sales and discover new markets as well as to increase the
profit of the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-43787065284639470252021-01-28T22:06:00.002-08:002021-01-28T22:07:09.797-08:00Product - Definition & Meaning Explanation<p> <span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li><b>Meaning of Product<br /></b></li><li><b>Definition of Product<br /></b></li><li><b>Explanation of Product</b> <br /></li></ul>
<hr />
<p><b>Some Random Terms...</b></p><ul><li><a href="https://bconsi.blogspot.com/2021/01/production-management-definition.html"><b>Production Management</b></a><br /></li><li><b><a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">Production</a><br /></b></li><li><b><a href="https://bconsi.blogspot.com/2021/01/capital-structure-definition-meaning.html">Capital Structure</a></b></li></ul><span><a name='more'></a></span><hr /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEim1ZkIWcsI8KKMRdhjX3TgkGwWDAX2c-1d4czWBYlqNnqzJBbmqqv2sbzqW-RHloZFZqvoqqCaSaAIqy6Q4eirugxY09XSIMbBSpJ5bPyCf4QfD1JTadpeRRR-_nk7OP318dTqx0o2z4pD/s468/product.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="product" border="0" data-original-height="281" data-original-width="468" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEim1ZkIWcsI8KKMRdhjX3TgkGwWDAX2c-1d4czWBYlqNnqzJBbmqqv2sbzqW-RHloZFZqvoqqCaSaAIqy6Q4eirugxY09XSIMbBSpJ5bPyCf4QfD1JTadpeRRR-_nk7OP318dTqx0o2z4pD/w400-h240/product.jpg" title="Product" width="570" /></a></div><p><b>Product:</b> The marketing process is surrounding by centralizing the product,
service, and concept. But the product is above the service and concept.
Because nowadays without product the existence of mankind can't imagine.
We need also service. But the product is more valuable and demanded
than it.</p><p>Giving a definition of the product in a word is a complex
task. Because it is a multiplex concept. By the way, in general, we can
say that what is seen in front of us is a product. Some experts think
that which object has weight, utility benefits, and exchanging value is
the product.</p><p>If we look forward by the <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> sense, the
product is such element which helps to fulfill our physical and mental
demand. Because the need, want and demand of human is fulfilled by the
usage of product at last.</p><p>So, which is presented in the market in
order to fill up the lack of mankind, draw attraction, receive the
ownership, use & consume is called product.</p><p>For example; a
heart patient feels the necessity of something for the pain in his
chest. The necessity is defined by medicine. Then it becomes lack. The
demand is grown from the lack. A medicine producing company of England
i.e. Welcome ltd produces medicine titled Angised Glyceryl Trinitrate
and places it in the market. Then such medicine becomes a product.</p><hr /><div style="text-align: center;">
<span style="color: #3d85c6;"><span style="font-size: x-large;">A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z</span></span>
</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-85371262685058946382021-01-25T09:35:00.001-08:002021-01-25T09:35:23.579-08:0014 Importance of Marketing<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Importance of Marketing</b></li><li><b>Role of Marketing in the Modern Economy</b></li><li><b><a href="http://bconsi.blogspot.com/2016/04/role-of-marketing-in-society.html">Contribution of Marketing to Human Society</a> </b><hr /></li></ul><p><span style="font-size: x-large;"><i><b>C</b></i></span>apital is very helpful for <a href="http://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> and <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a>
is the lifeblood of production. </p><p>Consumption is the ultimate goal of
product production. Production is meaningless if the product cannot
reach the consumer. <span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvstVOsRiPcW6M1nvePF47b-1rB8VKdqzViiu2vVscPNwU95sHIMZs7F448rmXtJS1cg8sZd5UIdE-S4eBhHGL_OpNtn1SIVT8CAT8Jpq5UhX3WikbaFZOC9Ny407rrHExlVt0ekkKv_Y8/s960/marketing+02.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Marketing" border="0" data-original-height="800" data-original-width="960" height="334" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvstVOsRiPcW6M1nvePF47b-1rB8VKdqzViiu2vVscPNwU95sHIMZs7F448rmXtJS1cg8sZd5UIdE-S4eBhHGL_OpNtn1SIVT8CAT8Jpq5UhX3WikbaFZOC9Ny407rrHExlVt0ekkKv_Y8/w400-h334/marketing+02.jpg" title="Marketing" width="570" /></a> <br /></div><p></p><p>Marketing invigorates the production process by
delivering the product to the consumer and combining production with
consumption. </p><p>As a result, the speed of economic development is
increased. <br />So, marketing is called the driving force of economic
development.<br /></p><p>Below, we are describing some important aspects of marketing... </p><p><b>1.
Mass Production</b>: <br />The country's economic development is largely
dependent on the volume of the production. The bigger the market, the
wider the production process. </p><p>Once the consumption of the product is
ensured through marketing, the production process is encouraged and
expanded. </p><p>Therefore, it can be said that an improved and healthy
marketing system opens the way for <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> and mass production.</p><p><br /><b>2.
Balance Development of Agriculture and Industry</b>: <br />Agriculture and
industry are dependable to each other. </p><p>Marketing provides agricultural
products as industrial raw materials and industries supply industrial
products to agriculture and thus they play an important role in the
balanced development of agriculture and industry.</p><p><br /><b>3. The Solution to
the Unemployment Problem</b>: <br />Marketing an important role in creating a
suitable and effective employment opportunity for unemployed people in
the country. </p><p>A large number of employing people at different level makes
their living by engaging in the marketing process of the company. </p><p>As
the marketing systems, improves as much as the employment opportunity
increased. </p><p>Therefore, it can be said that marketing plays an important
role in solving the problem of unemployment</p><p><br /><b>4. Social Welfare</b>:
<br />Marketing is very important in society for all classes of people. </p><p>Marketing contributes a significant role to modern society through
population explosion prevention, immunization of children, various
social welfare strategies related to health, transportation, and
distribution system. </p><p>As a result, social welfare is achieved and the
pace of economic development increases. As social welfare is achieved,
we can say, the speed of economic development will increase.</p><p><br /><b>5.
Improving the Quality of Life</b>: <br />Marketing plays an important role in
<a href="http://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html">improving the living standards of the people</a> of a country. </p><p>U.S.A.
researcher <i>Pol. M. Major</i> has shown that efficient marketing helps to
improve the quality of life of people. </p><p>Marketing in various ways makes
the economy prosperous and dynamic and contributes significantly to the
national product. Marketing enhances national income and quality of life
through transportation, warehousing, and other services activities.</p><p><br /><b>6.
Equal Provision for Regional Development</b>: <br />You know, all products are
not produced in all regions of a country due to geographical location or
natural causes. One type of product is produced in one region. </p><p>Marketing can ensure inter-regional distribution of resources by
shifting products from the surplus area to the deficit area. It makes
possible equal regional development by an allocation of inter-regional
resources.</p><p><br /><b>7. Development of Foreign Trading</b>: <br />The importance of
marketing in the development of foreign trading is incomparable. </p><p>The
sale of goods from different countries not only earned foreign exchange
but also increased foreign trade. This makes the country's economy
strong.</p><p><br /><b>8. Equality of Demand and Supply</b>: <br />The immense importance of
marketing is also available in providing supply and demand. </p><p>Marketing
provides equality between demand and supply by providing products
according to the needs of the consumer. </p><p>Having a balance between supply
and demand helps businessmen to overcome the recession. And
non-recessionary <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business </a>activities accelerate economic activity and
development.</p><p><br /><b>9. New-market of Products</b>: <br />Marketing helps to create new
markets for products. Because of the new market of the product, the
benefits of mass production can be enjoyed. </p><p>It is possible to expand the
trade and commerce of the country which accelerates the economic
development of the country.</p><p><br /><b>10. Continuing the Trend of the Speed of Production</b>: <br />Marketing on the one hand provides for the industry by
procuring raw materials from various sources and on the other hand
maintains the pace of production by supplying the manufactured goods to
the market as per the demand. </p><p>This role of marketing is not less
important for society.</p><p><br /><b>11. Utility Creation</b>: <br />Marketing creates the
utility of product space, time, and proprietary benefits. It accelerates
the flow of consumption by ensuring the supply of goods across the
country at any time on demand.</p><p><br /><b>12. Reduction of Production Risk</b>:
<br />There are both profits and risks behind the product production of the
product manufacturer. Producers take the risk of producing a product
with the expectation that this product will be sold. </p><p>The marketing
system increases the risk-bearing capacity of the producer.</p><p><br /><b>13. Hold
the Existence of the Business</b>: <br />The marketing system takes the necessary
steps to sustain the existence of the business. </p><p>Without a marketing
system, it would not be possible to reach the products to consumers
easily. </p><p>As a result, production is disrupted and the existence of the
business is endangered. So, the role of marketing in maintaining the
existence of business is undeniable.</p><p><br /><b>14. Economic Development</b>: <br />The
importance of marketing in the economic development of a country is
immeasurable. There is evidence of history that the marketing system
gives a new life to economic development. </p><p>One of the important
conditions for economic development is mass production. And this mass
production is not possible without efficient marketing. For this reason,
there is no way to measure the importance of marketing in economic
development.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjARzT-eWProqiVm_u-WoTysJDKwZFopJYlD3WIjSl2cSH_AHthD8_8U5f-aDoqYkXP2c01yc08UvT1_lk452jWkmQsKru-IdGhUwdOoEBrjlCD_7O73FiySQKmIL1bE19V_8iAUH_iHq_g/s1940/marketing+01.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Marketing" border="0" data-original-height="900" data-original-width="1940" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjARzT-eWProqiVm_u-WoTysJDKwZFopJYlD3WIjSl2cSH_AHthD8_8U5f-aDoqYkXP2c01yc08UvT1_lk452jWkmQsKru-IdGhUwdOoEBrjlCD_7O73FiySQKmIL1bE19V_8iAUH_iHq_g/w400-h185/marketing+01.jpg" title="Marketing" width="570" /></a></div><p></p><p>From the above discussion it can be said
that the importance and necessity of marketing are much greater in the
overall economic development of a country. </p><p>There is no doubt that
agriculture, trade, and industry play an important role in regional
development and in solving the problem of unemployment and thus proper
marketing system plays this important role. It's Magnificent! Worthy! </p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-35138054335096386742021-01-22T05:07:00.001-08:002021-01-22T05:07:37.776-08:00The Marketers are Involved in Ten Types of Marketing Entities - Explanation<p> </p><p></p><p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><a href="http://bconsi.blogspot.com/2016/03/top-10-important-scope-of-marketing.html"><b>The Scope of Marketing</b></a></li><li><b>The Subjects Matter in Marketing</b></li><li><b>The Marketers are Involved in Ten Types of Marketing Entities -Explanation</b></li></ul><p></p><hr /><p>
<span style="font-size: x-large;"><i><b>M</b></i></span>arketing is defined as the creativity, development and delivery of products or services to consumers and services to consumers and <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">businesses</a>. It is called as <a href="http://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html">the delivery of standard living</a>. <span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh02juCaNi_QkEFxH9UD1EyvltJtuIjAhH4ZO_HJBulC2eEhySZh_5Vp_dleKoowFQVR2E2SFavsEArSlx9FtVSTc4p9-zHA-B2F0FxwowWbJK-brvr9gCuyj7lHKiAdHHBrIIIQOP-trb/s294/marketing.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Marketing" border="0" data-original-height="172" data-original-width="294" height="234" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh02juCaNi_QkEFxH9UD1EyvltJtuIjAhH4ZO_HJBulC2eEhySZh_5Vp_dleKoowFQVR2E2SFavsEArSlx9FtVSTc4p9-zHA-B2F0FxwowWbJK-brvr9gCuyj7lHKiAdHHBrIIIQOP-trb/w400-h234/marketing.jpg" title="Marketing" width="570" /></a></div>Normally markets deal with 10 types of marketing topics and below we are going to discuss with these topics or the scope of marketing.<br /><p></p><p> <b>1 Goods:</b> <br />What is goods? Goods that can meet the needs or shortages of consumers or customers. The <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> and marketing activities of many countries are centered on material goods. Every country is producing and marketing millions of tons of products. </p><p>Not only the products produced and marketed by the company but also the individual persons produced various types of products and services. </p><p> <b>2 Services:</b> <br />Services are invisible, untouchable, activities that can meet human needs. Services can be offered for sale and there is no change in ownership. </p><p>The importance of service manufacturing activities is increasing day by day with economical development. hotels, saloons, beauty parlors, repair and maintenance, accountants, lawyers, engineers, doctors, software makers, <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> consultants, internet, courier service, private universities, mobile phone operators, overseas employment, and various types of education and services have been expanded. </p><p>Moreover, the “Fast Food” business is increasing day by day and as a result, the consumers are being able to receive both products and services. </p><p> <b>3 Experiences:</b> <br />Normal speaking, the experience is the real knowledge about any subject. Any <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> or a marketer can engage in <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> and create an experience through a variety of products and services. </p><p>For example, children can go to the children’s park and students can gain experience by visiting the market or industry. </p><p>Again, a person can gain experience by climbing a mountain often the supervision by an organization. </p><p> <b>4 Events:</b> <br />Markets often want to convey a message to customers through events. Such as press conferences, happy opening, exhibitions, sports, programs, etc. </p><p>These kinds of events are arranged to achieve a specific purpose. Usually, these types of events are organized by the public relations department of the organization or company. </p><p>However, if these types of events are organized through a professional person or organization are become more fruitful for the company. </p><p> <b>5 Persons:</b> <br />Nowadays, fame is used as a big marketing pattern. In the past, heroes and heroines, football players, musicians keep a good relationship to promote their fame with journalists. Now they have their own agents, managers, and organizations for promoting their fame. </p><p>Candidates and individuals in politics are using or taking the help of marketing during the election. </p><p> Many products are being marketed through the popular Indian cricketer Sachin Tendulkar's of different products for the marketing purpose. Individual marketing is being done through the marketing process. </p><p> <b>6 Places:</b> <br />Nowadays the importance of space marketing is increasing day by day. Spaces marketing is increasing for the tourism industry, establishments or developer business, settlements, etc. Bangladesh Tourism Corporation is taking various steps to attract tourists to various tourist places of interest including Cox's Bazaar. </p><p>The place marketing is done by highlighting the sights in different types of attractive places. Real Estate Companies doing space marketing With Promising To Build a New Cities Around the Dhaka City. </p><p> <b>7 Properties:</b> <br />Invisible right of an asset or ownership of real assets or financial assets is treated as property. </p><p>Many companies are involved in marketing flats, shares, bonds, etc. </p><p>Property brokers always try to buy and sell a property. Banks, stock exchange members are involved in buying and selling shares and bonds. </p><p> <b>8 Organizations:</b> <br />Many non profit organizations & <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organizations</a> are trying to create and maintain an image to the targeted people who are valuable assets of the company. </p><p>Through this process, the organization tries to attract the people or customers to accept their products or services. </p><p>For example, the city bank is currently arranging advertisements on television urging people to comply with anti-acid and anti-dowry and encouraging them to follow traffic laws. </p><p>Many organizations are conducting tree-planting campaigns, flood relief, winter relief, illiteracy eradication, and arsenic-free drinking water promotion activities In order to create a good image of their organization. </p><p>Organizations are doing marketing to universities, clubs, political parties for getting funds and customer support. </p><p> <b>9 Information:</b> <br />Information can be produced and marketing like other products. Educational institutions produce information and sell it to the parents, students, and society for a fee. All Academy books are involved in marketing without fiction books. </p><p>Computer, car, beauty parlor and other related information is a promotion by marketing process. In today's information technology age, a lot of information is marketing through the internet. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB4hB6mBeTTsFyGoXPR_KMa3Ir_IADnD6WAfnHb61XolA88hdCdqPujJ9Y7xoM9Hvru3EayE2hET-5ynB8ZRygva-wbdjFBeVcYpH9Z9jCagW2BzmoXLzkTkJZ6PLy2XG9f4wz2BxfKprI/s1100/marketing+2.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Marketing" border="0" data-original-height="662" data-original-width="1100" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB4hB6mBeTTsFyGoXPR_KMa3Ir_IADnD6WAfnHb61XolA88hdCdqPujJ9Y7xoM9Hvru3EayE2hET-5ynB8ZRygva-wbdjFBeVcYpH9Z9jCagW2BzmoXLzkTkJZ6PLy2XG9f4wz2BxfKprI/w400-h240/marketing+2.png" title="Marketing" width="570" /></a></div><p></p><p> <b>10 Ideas:</b> <br />An idea is a philosophy, image, or issue that can be sold in the market. Every marketing product is involved in few ideas. An idea has marketed a product or services. </p><p>Different organizations are marketing different types of ideas. </p><p>Some examples, Smoking is like poisoning, plants tree, and saves the world, Exercise regularly to keep your health beautiful and healthy, etc. </p><p> In the end we can say, the 10 useful topics above are the most important topics of marketing. These issues have become included marketing outside of the traditional products or services with the passage of time.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-85294099946631103812021-01-20T08:35:00.003-08:002021-01-20T08:53:46.685-08:00Production Management - Definition & Meaning Explanation<p> <span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li><b>Meaning of Production Management</b></li><li><b>Definition of Production Management</b></li><li><b>Explanation of Production Management</b> </li></ul>
<hr />
<p><b>Some Random Terms...</b></p><ul><li><a href="https://bconsi.blogspot.com/2021/01/mid-term-financing-definition-meaning.html"><b>Mid-term Financing</b></a><br /></li><li><b><a href="https://bconsi.blogspot.com/2020/11/short-term-financing-definition-meaning.html">Short-term Financing</a><br /></b></li><li><b><a href="https://bconsi.blogspot.com/2021/01/trade-credit-definition-meaning.html">Trade Credit</a></b></li></ul><span><a name='more'></a></span><hr /><div style="text-align: center;"><b>Production Management</b></div>
<hr /><p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2UyN8vN5uYzd8F7zMcqXE8xW4zDoBiFnJRar6l8K-eJI1svYrS36Yqawoblhl1JPqlYuDoRPg6XZbm7oZkhDtIJ0DmfFgYQdFbmx71gJQqVC-eZvXUo2cx9lqkikyuscyyERmFUfbu2Iy/s2403/production+management.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Production Management" border="0" data-original-height="1452" data-original-width="2403" height="241" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2UyN8vN5uYzd8F7zMcqXE8xW4zDoBiFnJRar6l8K-eJI1svYrS36Yqawoblhl1JPqlYuDoRPg6XZbm7oZkhDtIJ0DmfFgYQdFbmx71gJQqVC-eZvXUo2cx9lqkikyuscyyERmFUfbu2Iy/w400-h241/production+management.png" title="Production Management" width="570" /></a></p><p></p><p><b>Production Management</b>: The process to create product is called production. So, all the <a href="http://bconsi.blogspot.com/2016/03/7-functions-of-management.html">managerial tasks</a> included in <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> is called as production management. </p><p>In other words, production <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> means the way of planning,
observing & controlling the process of transforming raw materials
into products. </p><p>So, it can be said that production management is the planning and controlling of all the activities required to produce a product. It also included new product development and technological support improvement. </p><hr /><div style="text-align: center;">
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</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-89742444520392033422021-01-19T07:02:00.001-08:002021-03-28T08:33:17.504-07:00Production - Definition & Meaning Explanation<p> <span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li><b>Meaning of Production<br /></b></li><li><b>Definition of Production<br /></b></li><li><b>Explanation of Production</b> <br /></li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><a href="https://bconsi.blogspot.com/2021/01/mid-term-financing-definition-meaning.html"><b>Mid-term Financing</b></a><br /></li><li><b><a href="https://bconsi.blogspot.com/2020/11/short-term-financing-definition-meaning.html">Short-term Financing</a><br /></b></li><li><b><a href="https://bconsi.blogspot.com/2021/01/capital-structure-definition-meaning.html">Capital Structure</a></b></li></ul><span><a name='more'></a></span><hr /><div style="text-align: center;"><b>Production</b></div>
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<p></p><p style="text-align: center;"><b> </b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6RgQvMmv_YFbOdqsU1pnQgBXSC7Zy8JbzuIjdVpA_57yUY05nMWc1yWOJYS86a1TDebBKxaQbjAy2W_RyLp49aOWHtWaQ8Mo_s7a9bsU_9MDk1__1oMjcbhR9v5th1oXlUZiKFAmwRxy3/s1600/production.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="production" border="0" data-original-height="1015" data-original-width="1600" height="254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6RgQvMmv_YFbOdqsU1pnQgBXSC7Zy8JbzuIjdVpA_57yUY05nMWc1yWOJYS86a1TDebBKxaQbjAy2W_RyLp49aOWHtWaQ8Mo_s7a9bsU_9MDk1__1oMjcbhR9v5th1oXlUZiKFAmwRxy3/w400-h254/production.jpg" title="Production" width="570" /></a></p><p><b>Production:</b> Generally, production means the process of producing a <a href="http://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">product</a>. </p><p>Creating
something is also considered production. But in reality, the human
being can't create anything. They can change the shape of the object and
create new value. To create such value they follow some steps. So,
creating value in the different processes is called production.</p><p>For example, it is required to get timber chopped and process to make
furniture. By which process it is done, all the process together is
called furniture production. Like this, by which process a bar of soap
is prepared is called soap production.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd1oJebH80xbtXO5T_XJcXigTp9by7k7UJTOZXErRFutk7JBNSkCs4qfWTn2MWTY-mYb55luvC1bvTcD3UKF9xpLapMxsKISt64dJuo-jSJ9o2N6Esl4EAiZSXP6pNkOE2xsdlH0JCIOcg/s693/Production+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="production process" border="0" data-original-height="368" data-original-width="693" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd1oJebH80xbtXO5T_XJcXigTp9by7k7UJTOZXErRFutk7JBNSkCs4qfWTn2MWTY-mYb55luvC1bvTcD3UKF9xpLapMxsKISt64dJuo-jSJ9o2N6Esl4EAiZSXP6pNkOE2xsdlH0JCIOcg/w400-h213/Production+2.jpg" title="Production Process" width="570" /></a></div><p></p><p>So production is the process of all steps for creating a product that added new value to the processed raw materials.</p><p>The complete management applied in the process of production from starting to ending is called as <a href="http://bconsi.blogspot.com/2021/01/production-management-definition.html">production management</a>. The chief executive is called here as the production manager who manage the whole production department.<br /></p><hr /><div style="text-align: center;">
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</div><hr /><br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-53701636387847477782021-01-18T21:17:00.002-08:002021-01-18T21:17:22.693-08:00Capital Structure - Definition & Meaning Explanation<p> <span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li><b>Meaning of Mid-Term Financing <br /></b></li><li><b>Definition of Mid-Term Financing <br /></b></li><li><b>Explanation of Mid-Term Financing</b> <br /></li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><a href="https://bconsi.blogspot.com/2021/01/mid-term-financing-definition-meaning.html"><b>Mid-term Financing</b></a><br /></li><li><b><a href="https://bconsi.blogspot.com/2020/11/short-term-financing-definition-meaning.html">Short-term Financing</a><br /></b></li><li><b><a href="http://bconsi.blogspot.com/2012/10/earning-per-share-meaning.html">Earning Per Share(EPS)</a></b></li></ul><span><a name='more'></a></span><hr /><div style="text-align: center;"><b>Capital Structure</b></div>
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<p style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAG7R7TVd5wpqD9qviZsWfrDvepaZofTW3B7fCUaOa1VixtSITOg1DAyik7gbEnzrQGwPUylZIYvvFuvThIW87hsi5vB9PfW7St3gbJHLLGH-O4hcxeGmCbf_TCE0YuCeNGHQOVDkd4vHI/s802/capital+structure+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Capital Structure" border="0" data-original-height="495" data-original-width="802" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAG7R7TVd5wpqD9qviZsWfrDvepaZofTW3B7fCUaOa1VixtSITOg1DAyik7gbEnzrQGwPUylZIYvvFuvThIW87hsi5vB9PfW7St3gbJHLLGH-O4hcxeGmCbf_TCE0YuCeNGHQOVDkd4vHI/w400-h248/capital+structure+2.jpg" title="Capital Structure" width="570" /></a> <br /></p><p><b>Capital Structure:</b> Structure meaning is the formation or composition of an element. Every corporation or company has a structure in the formation of the capital. </p><p>So, capital structure means the total capital fund of a company or <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>. Such capital structure consist of debenture, long-term credit, preferred stock capital, equity stock capital, various types of provisions and cash balance. </p><p>So, capital structure is the total combination of all invested amount working in the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> to run the <a href="https://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> smoothly. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4dTFmOMFkdcx8CQcirAfULq-1WpfY7cKSaIYKTPbSsrBDogNCgdB6UT9jRVMu1j4asHjdDbRc-eysLWXPvxafSlaGbxtiBYB8E0nGHS5-auvFXr4qgXau9pFuw4nZPtQFj1aE7oet9FbH/s465/capital+structure.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Capital Structure" border="0" data-original-height="119" data-original-width="465" height="103" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4dTFmOMFkdcx8CQcirAfULq-1WpfY7cKSaIYKTPbSsrBDogNCgdB6UT9jRVMu1j4asHjdDbRc-eysLWXPvxafSlaGbxtiBYB8E0nGHS5-auvFXr4qgXau9pFuw4nZPtQFj1aE7oet9FbH/w400-h103/capital+structure.png" title="Capital Structure Definition" width="570" /></a></div><p><b>💰<u>Some Characteristics of Capital Structure:</u> </b></p><p>There are some characteristics of capital structure which are shown below...</p><p>1. It needs to consider the profitability(profit earning ability) by fixing capital structure. </p><p>2. When the capacity of repayment of debt will be achieved by the company's regular operations resorting to such capital's earning, then it can be considered as a good capital structure. </p><p>3. A company's capital structure should be adequate in a liquid position.</p><p>4. The capital structure should be flexible to adapt to the changeable circumstances in the long run.</p>5. The equity and debt should be in an adjusted formation for the formation of an optimum capital structure. In such a case, the capital structure should be conservatism<hr /><div style="text-align: center;">
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</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-7121947017010250632021-01-11T01:33:00.004-08:002021-01-13T08:30:08.545-08:007 Exclusive Characteristics of A Successful Entrepreneur<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li>Characteristics of an entrepreneur</li><li>Features of an entrepreneur</li><li>Qualities of an entrepreneur</li></ul><hr /><p></p><p>Entrepreneurs are born to fight, struggle and achieve the success by an undergoing long term process. They dream it and achieve it by dreaming. Its the magic of being an <a href="http://bconsi.blogspot.com/2012/09/entrepreneur-meaning-and-definition.html">entrepreneur</a>. </p><a name='more'></a><p></p><p>By the way, this article is not going to say about that magic of an entrepreneur rather than the qualities or characteristics which make him to dream and take innovation to enterprise and <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">establish his business</a>. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTtiX9JNPnbh35GALEQDJ_EkTqmQwLM6pTLsCqxHSdMgqrQmbp47AymlkdgDbNaNT1KChNgqpgDQQywskEgVZmZ6kgTLY14aQ-nVwBxAHwlXnrU6U2DomUyYuVXowdQ-QaAWw_LvRg9en6/s266/Entrepreneur+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Entrepreneur" border="0" data-original-height="190" data-original-width="266" height="286" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTtiX9JNPnbh35GALEQDJ_EkTqmQwLM6pTLsCqxHSdMgqrQmbp47AymlkdgDbNaNT1KChNgqpgDQQywskEgVZmZ6kgTLY14aQ-nVwBxAHwlXnrU6U2DomUyYuVXowdQ-QaAWw_LvRg9en6/w400-h286/Entrepreneur+2.jpg" title="Characteristics of An Successful Entrepreneur" width="570" /></a></div><p></p><p><br />Different authors and scholars provide various types of characteristics of an entrepreneur in their books and blogs. After analyzing so many of those, I have found the following characteristics of a successful entrepreneur effectively...</p><p><b>01. Psychological Feature:</b> An entrepreneur has a lot of psychological features such as a strong desire for getting success, power, freedom, self-confidence, acknowledgment, ability to take risks, forecasting ability, creativity, innovation power, commitment, intention power and sticky for working hard etc. <br /></p><p><b>02. Economical Feature:</b> An entrepreneur has also some <a href="http://bconsi.blogspot.com/2018/05/definition-of-economics.html">economical</a> characteristics also such as the ability of funding working capital and utilizing it efficiently, professional experience, previous experience of being an entrepreneur, technical knowledge and knowledge of developed structure etc. <br /></p><p><b>03. Social Feature:</b> An entrepreneur has some social features such as leadership ability, participate in social activities, family branding etc. <br /></p><p><b>04. Personal Feature:</b> Personal characteristics are different types. Personal characteristics of a successful entrepreneur can be educated, sales person or selling ability, strategic thinking ability, activeness, smart and lucrative personality etc.</p><p>The above mentions characteristics of an entrepreneur that make him successful. Now-a-days business means a lot of competition. In the market, an entrepreneur has to make scope for himself by any means. The qualities of an entrepreneur make him success basically. </p><p>By the way, without the above discussed features, an entrepreneur has some other characteristics also which are as follows...<br /></p><p><b>05. Keen Desire For High Achievement:</b> Having a desire for completing a task perfectly means having a keen desire for high achievement. </p><p>An entrepreneur has to have a strong intention for high achievement. This keen desire helps him to achieve his goal.</p><p>It is an ideal feature of an entrepreneur as well as an ideal quality of a successful entrepreneur. <br /></p><p><b>06. Mentality to Take the Risk:</b> An entrepreneur has to have the mentality to take the risk. Because business means taking risks. To elaborate on the context, we can say that business means taking the risk in order to hope for earning profit. </p><p>So, without taking risks, an entrepreneur can't become a businessman. To become a successful business person, an entrepreneur should have the mentality to take the potential risk included in his project. </p><p><b>07. Power of Innovation & Creativity:</b> It is the extraordinary characteristics of an entrepreneur. A successful entrepreneur must have such a feature. </p><p>To get successful in the long path of entrepreneurship, an entrepreneur must have the power of innovation and creativity. </p><p>Innovation means not only to innovate new products or services but also
to present old products in a new and lucrative way, creating a new
market for a product, searching for a new source of raw material, etc. </p><p>Some entrepreneurs may fit the market only for having the power of innovation and creativity. It is the most appreciated characteristics of a successful entrepreneur. </p><p>By the way, At the concluded point, we can say that being an entrepreneur is a challenge. Everyone can't be an entrepreneur. It can be only that person who has the above characteristics in his/her character. <br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-86907551380515994092021-01-10T07:31:00.003-08:002021-01-10T21:25:43.206-08:00Mid Term Financing - Definition & Meaning Explanation<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li>Meaning of Mid-Term Financing <br /></li><li>Definition of Mid-Term Financing <br /></li><li>Explanation of Mid-Term Financing <br /></li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><b><a href="https://bconsi.blogspot.com/2012/10/joint-entrepreneur-meaning-and.html">Joint Entrepreneurs</a></b><br /></li><li><b><a href="http://bconsi.blogspot.com/2012/10/single-entrepreneur-meaning-definition.html">Single Entrepreneur </a></b></li><li><b><a href="http://bconsi.blogspot.com/2012/10/earning-per-share-meaning.html">Earning Per Share(EPS)</a></b></li></ul><span><a name='more'></a></span><hr />
<div style="text-align: center;"><b>Short Term Financing<br /></b></div>
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<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlSvAfWJGUYScgJ2sfH5Gb3p6w37qNxdUfLOYTAIfD47v5YekglbDF28LBSlUKMgWno97tT14G96DmSUiYUSGqsVGRsQ2Jm70HWo8zwFi8EkJhOdqVvjvis-vT0QCNV89LRl1gIb3WNqJf/s750/mid+term+financing.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="mid term financing" border="0" data-original-height="420" data-original-width="750" height="224" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlSvAfWJGUYScgJ2sfH5Gb3p6w37qNxdUfLOYTAIfD47v5YekglbDF28LBSlUKMgWno97tT14G96DmSUiYUSGqsVGRsQ2Jm70HWo8zwFi8EkJhOdqVvjvis-vT0QCNV89LRl1gIb3WNqJf/w400-h224/mid+term+financing.jpg" title="Mid Term Financing" width="570" /></a></div><b><br />Mid Term Financing:</b> We know that short term financing is the financing of one year duration or less than one year. On the other hand long term financing means the financing which is for more than ten years. The mid term financing lies on the middle time frame. <p>So, the financing which is for five years is called mid term financing. Generally the duration of mid term financing is three to seven years. </p><p>A <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> uses mid term financing in order to purchase such type of asset from which the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> may get a cash flow to pay the mid term loan. For this it is also called as self liquidating.</p><hr /><div style="text-align: center;">
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</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-26759498548904383902021-01-10T07:05:00.004-08:002021-01-10T21:25:23.463-08:00Trade Credit - Definition & Meaning Explanation<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...
</p><ul><li>Meaning of Trade Credit<br /></li><li>Definition of Trade Credit</li><li>Explanation of Trade Credit</li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><b><a href="http://bconsi.blogspot.com/2012/09/entrepreneurship-meaning-and-definition.html">Entrepreneurs</a></b><br /></li><li><b><a href="https://bconsi.blogspot.com/2020/11/business-environment-definition-meaning.html">Business Environment</a></b></li><li><b><a href="http://bconsi.blogspot.com/2012/10/earning-per-share-meaning.html">Earning Per Share(EPS)</a></b></li></ul><span><a name='more'></a></span><hr />
<div style="text-align: center;"><b>Trade Credit<br /></b></div>
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<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrCY3HAqfNrABr0KKvV1gqVN1KLpja6dhrvveJKLNAx-b6KrlKQgDiux94Fb1a1vLHlmROdjWY2l5Qmcy9IbTRqUEVbjZdDLjjqtfJtdEktbttzAbSsyJVxo5QAe3V5VStCgFq5yKvwPcN/s700/trade+credit.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="trade credit" border="0" data-original-height="400" data-original-width="700" height="229" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrCY3HAqfNrABr0KKvV1gqVN1KLpja6dhrvveJKLNAx-b6KrlKQgDiux94Fb1a1vLHlmROdjWY2l5Qmcy9IbTRqUEVbjZdDLjjqtfJtdEktbttzAbSsyJVxo5QAe3V5VStCgFq5yKvwPcN/w400-h229/trade+credit.jpg" title="trade credit" width="570" /></a><br /></p><p><b>Trade Credit:</b> When a purchaser purchases product from a seller in order to sell and pays the the product purchasing money by selling products is called trade credit. </p><p>Generally, trade credit means when producer, wholesaler and retailer purchase product in credit. Such short term credit is existed in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>. That means it is one of the sources of <a href="https://bconsi.blogspot.com/2021/01/short-term-financing.html">short term business loan</a>. </p><p>Note that when a purchaser buys product in credit in order to sell, it will be a trade credit. But if a consumer purchases product in credit in order to consume, such credit will not be considered as trade credit. <br /></p><hr />
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<span style="color: #3d85c6;"><span style="font-size: x-large;">A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z</span></span>
</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-7120331724668141732021-01-09T00:19:00.001-08:002021-01-10T06:43:00.229-08:00Short Term Financing - Definition Characteristics and Example<p><span style="font-size: x-large;"><i><b>S</b></i></span>hort term financing is the most used system of financing for the business. Usually, this type of <a href="http://bconsi.blogspot.com/2016/06/what-is-finance-definition-meaning.html">financing</a> is required to purchase the differential part of current assets. <span></span></p><a name='more'></a><p></p><p>Short term financing is the financing required for increasing or establishing short term fund. To fulfill the daily necessity this type of financing can be required. That means for smooth operation of the daily activities of a <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>, short term financing is required. </p><p>For example, a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> may required short term financing in order to purchase production raw material, provide labor cost, administration cost, selling cost, etc. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilha5sRfi5WK31UW08piIZLf1oaNHQl6cqsm1e-yd90dvPNsOg1rmwRALE540tabYPJeIby1qKa2R8P_TTWLFt8rNvF1jUlCyKRLDRtqBJlyZwxXiGLa4oRw4iD0ORg3q6zB7UdYs4BjWz/s499/short+term+financing+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Short Term Financing" border="0" data-original-height="260" data-original-width="499" height="209" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilha5sRfi5WK31UW08piIZLf1oaNHQl6cqsm1e-yd90dvPNsOg1rmwRALE540tabYPJeIby1qKa2R8P_TTWLFt8rNvF1jUlCyKRLDRtqBJlyZwxXiGLa4oRw4iD0ORg3q6zB7UdYs4BjWz/w400-h209/short+term+financing+3.jpg" title="Short Term Financing" width="570" /></a></div><br /> <p></p><p>Some popular authors define short term financing in the below ways...</p>
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<blockquote><p><b>I.M. Panday</b>- "Funds available for a period of one year or less is called short term finance."</p><p><b>J. Fred Weston & Eugene F. Brigham</b>- "Short term credit is defined as any liability originally scheduled for payment within one year."</p></blockquote>
<br /><p>So, after analyzing the above discussion and popular author's definition of short term financing, we can say that the finance or fund which is belongs to one year or below one year liability is called short term financing. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUAsc5_QwODbO6pUK-6jKTth30Qcsbn9turs94IuSFeCQvfQ83Im1DRsk2Pbh5TDFWrc2RbC5_fvJeDhYUaBRZN-KexO9F6K4kHNPRKCmzC_ywZAYAplVFEFm2NhUrBwDkbt1exrHQrPYy/s416/short+term+financing+4.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Short Term Financing" border="0" data-original-height="121" data-original-width="416" height="116" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUAsc5_QwODbO6pUK-6jKTth30Qcsbn9turs94IuSFeCQvfQ83Im1DRsk2Pbh5TDFWrc2RbC5_fvJeDhYUaBRZN-KexO9F6K4kHNPRKCmzC_ywZAYAplVFEFm2NhUrBwDkbt1exrHQrPYy/w400-h116/short+term+financing+4.png" title="Short Term Financing" width="570" /></a></div><br /><p></p><p>Some characteristics of short term financing are highlighted below...</p><p>1. It has one year duration. More than one year of credit is not considered as short term financing.</p><p>2. Usually the amount of short term financing is small. </p><p>3. The interest of short term finance is a tiny amount.</p><p>4. The availability of short term financing is more than other mid term or long term financing.</p><p>5. The renewal process of such financing is easy. </p><p>6. The risk of short term finance is high than any other type of financing.</p><p>7. The collection system of such finance is very easy. <br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-13504278492320728092020-11-28T07:17:00.006-08:002020-11-28T07:26:41.853-08:00How to Open A Life Insurance Policy in Any Organization<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...<br /></p><ul style="text-align: left;"><li>How to Open A Life Insurance Policy in Any Organization</li><li>Formation of A Life Insurance Policy <br /></li></ul><hr /><p></p><p>At the time of executing a life <a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a> some certain principles should be followed.<br /><br />Normally the contract is executed through proposal and acceptance. The exception does not happen in the case with life insurance like other insurance. <span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-NxJdhg-Ekjb84kISbJXP3A_-82PCrASVJL5vRgenc3rzSzsEtlfXu3uWKQmw-Vhve5lJb67f0uLHwx74E-noIkhdK-vw5jgGCN9GWrRGVJlDipwucdWhhN4HyWszsNAtMDMSJP-elSLZ/s874/life+insurance+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="life insurance" border="0" data-original-height="364" data-original-width="874" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-NxJdhg-Ekjb84kISbJXP3A_-82PCrASVJL5vRgenc3rzSzsEtlfXu3uWKQmw-Vhve5lJb67f0uLHwx74E-noIkhdK-vw5jgGCN9GWrRGVJlDipwucdWhhN4HyWszsNAtMDMSJP-elSLZ/w400-h166/life+insurance+2.jpg" title="Life Insurance" width="550" /></a></div><br /><p></p><p>We are going to mention below all steps for execution of life insurance contract and one has to follow step by step for processing one's life insurance policy.</p><p><br /><b>1.Primary Formalities:</b> The insurer advertises for selling his insurance policy to attract public attention. </p><p>On the other hand, interested people see this advertisement and try to buy an insurance policy. </p><p>As a result of this effort of the insurer, the interested people go to the insurance company and collect the offer form. And it is the first step and primary formality of the process of the formation of life insurance. </p><p><br /><b>2.Offer Proposal:</b> Anyone who wants to purchase insurance policy must come to the company office to collect the policy or he can get insurance policy form from any insurance representative. </p><p>If you properly fill in your collected <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> form and submit it to the insurance office, you will complete the second step of the proposal of the process of life insurance formation. </p><p><br /><b>3.Medical Examination and Report:</b> The company reads all the details of the form carefully after submitting the insurance form to the company officer reviewing all details if the company decides to take the risk than they call to medical examination of the insured. </p><p>The company completes the medical examination by their medical doctors. If the medical report of the proposed insured is good, the <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance</a> policy is issued by the company to him. </p><p><br /><b>4.Review The Question And Answer of The Proposal Letter:</b> The insurer examines the question paper to ensure that the answers given by the insured are accurate. </p><p>If the information provided by the insured is considered to be accurate and true, the insurer takes the risk of the proposed of insured. </p><p><br /><b>5. Report of Personal Physician:</b> If the insurer needs to know more details about any disease or accident of the insured, the insurer writes a letter to the insured personal physician. </p><p>The insurer also sends a short questionnaire about the health condition to the personal physician. </p><p>Once the personal physician fills the questionnaire form and sends it back to the insurer than they decide to make about accepting or cancelling of the insurance policy. </p><p><br /><b>6. The Opinion of The Proposer's Personal Friend:</b> The insurer takes the insured personal friend name in the insurance proposal letter at the first time of executing the insurance policy. </p><p>The insurer wants to collect details information from the insured personal friend by sending question paper about his physical condition, past illness and way of life. </p><p><br /><b>7. Proposal Selection:</b> The institutional experts examine the proposal insurance form carefully and also other reports as well as all the necessary and collectable documents. </p><p>Then they select the insurance proposal after reviewing the proposal letter carefully. </p><p><br /><b>8. Accept The Offer:</b> The insurance company carefully reviews all the aspects of doctor's report, other documents and if they satisfied they decide to accept the offer and write a letter requesting the insured to pay the first premium. </p><p>The offer becomes effective after paying the first premium by the insured and the company assumes responsibility. </p><p>The company prepares the insurance policy and sends it to the insured after receiving the first premium. </p><p>The company is obliged to pay the full amount of money if the insured died between the gap time of the payment of the first premium and receiving the insurance policy by insured. </p><p><br /><b>9. Proof of Age:</b> The insurer claims proof in support of the age mentioned in the application by the proposed insured. This certificate can be issued at any time during the policy active. </p><p><br /><b>10. Report of the Insurance Representative:</b> If the contract is made through the insurance representative than the report of the insurance representative has to be submitted for completing the full step of the insurance policy. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieWFeqsC_coaZo7x-jrlWZW7BCEgYogak0DY8XmKJ16LXwS73Jae32em7M8yllbBnvqp_KR916M8rkFL2zhurIaofezfQFJNYzo9w3L4Q43DEmJzqYPpcr-0S_Evog3_OkWg_xsSAF47R7/s874/life+insurance+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="life insurance" border="0" data-original-height="364" data-original-width="874" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieWFeqsC_coaZo7x-jrlWZW7BCEgYogak0DY8XmKJ16LXwS73Jae32em7M8yllbBnvqp_KR916M8rkFL2zhurIaofezfQFJNYzo9w3L4Q43DEmJzqYPpcr-0S_Evog3_OkWg_xsSAF47R7/w400-h166/life+insurance+3.jpg" title="Life Insurance" width="550" /></a></div><br /><b>11. Issuance of Insurance Policy:</b> The insurer sends the policy in the name of the insured after receiving the first installment. And it is called an insurance policy. <p></p><p><br />At the concluded point we can say that the process of execution of the life insurance contract completes through properly maintained by the above procedures. </p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-56646694118109945502020-11-22T10:54:00.002-08:002020-11-22T10:57:40.830-08:00Short-Term Financing - Definition & Meaning Explanation<p> <span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p>
<ul><li>Meaning of Short-Term Financing<br /></li><li>Definition of Short-Term Financing</li><li>Explanation of Short-Term Financing<br /></li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><b><a href="https://bconsi.blogspot.com/2012/10/joint-entrepreneur-meaning-and.html">Joint Entrepreneurs</a></b><br /></li><li><b><a href="http://bconsi.blogspot.com/2012/10/single-entrepreneur-meaning-definition.html">Single Entrepreneur </a></b></li><li><b><a href="http://bconsi.blogspot.com/2012/10/earning-per-share-meaning.html">Earning Per Share(EPS)</a></b></li></ul><span><a name='more'></a></span><hr />
<div style="text-align: center;"><b>Short Term Financing<br /></b></div>
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTARZrP_1GXvSqwTidIthoT-c7yfx1rj5BWOAFHMMr3f0rAwostJx_vPtKIY8yNmKka_QBWxTQ0oNw43zjm8eQLnJOq84AceE2INmskkslHDLeZecNtdWjUlyvDGp45F8GzdF8Wv5mxFds/s512/short+term+financing.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="short term financing" border="0" data-original-height="284" data-original-width="512" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTARZrP_1GXvSqwTidIthoT-c7yfx1rj5BWOAFHMMr3f0rAwostJx_vPtKIY8yNmKka_QBWxTQ0oNw43zjm8eQLnJOq84AceE2INmskkslHDLeZecNtdWjUlyvDGp45F8GzdF8Wv5mxFds/w400-h223/short+term+financing.jpg" title="short term financing" width="550" /></a></div><br /><b><b>Short Term Financing</b>:</b> Short term <a href="http://bconsi.blogspot.com/2016/06/what-is-finance-definition-meaning.html">financing</a> refers to the financing which is short in duration of time or which is payable within one year. <br /><p>Short term finance and short term loan differs one another in one point. <br />Short term financing means you finance your <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a> by taking short term financing source which contains short term loans. </p><p>On the other hand, short term loan means you take loan from a loan giving organization for paying it within one year.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLxuAoZRejcjiU3pbtj3tVIgtiss1SjG15rSnfxJZiwQAJLGR9bzSUOWfUiicADoc_B6aIDKpw9ssddtoM0XClXN7Fu1-ldN50QoK7XstcWNP-nsIdg9SL4RmSppZA4aVkj6FbVjPzO_GJ/s1013/short+term+financing+2.png" style="margin-left: 1em; margin-right: 1em;"><img alt="short term financing" border="0" data-original-height="1013" data-original-width="952" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLxuAoZRejcjiU3pbtj3tVIgtiss1SjG15rSnfxJZiwQAJLGR9bzSUOWfUiicADoc_B6aIDKpw9ssddtoM0XClXN7Fu1-ldN50QoK7XstcWNP-nsIdg9SL4RmSppZA4aVkj6FbVjPzO_GJ/s16000/short+term+financing+2.png" title="short term financing" /></a></div><p></p><hr />
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<span style="color: #3d85c6;"><span style="font-size: x-large;">A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z</span></span>
</div><hr />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-68345071993571379942020-11-18T21:28:00.003-08:002020-11-20T02:32:14.126-08:005 Essential Elements of Life insurance<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><p> 1. The Essential Elements of Life Insurance or<br /> 2. The Necessary Elements of Legal Life Insurance</p><hr /><p></p><p>We know that life insurance is the one of the most popular <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policies</a>. It is the assurance against life.</p><p>Generally, we are human being who live on this beautiful earth. In the different time frame of our life, One may fall in danger by which a person may die. Life insurance gives financial assurance of our family so that such threat may overcome. <span></span></p><a name='more'></a><p></p><p>Such insurance follow some policies by which its transparency can be achieved. These elements of life insurance make it clear to both the insurance taker and insurance holder.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjsR7erE4y9RHPATfDfwINIiDPF1Ksv1AdjubzoUzXPK40I4j_iyEbjlbHHDLBZwvzv0MlL5ixOeNmstLHHc-En5McNssHc2_SdZQOHQT4Ie0Po0UXV9bendKxPhXSXNJr6jILVo6EeiDv/s1024/life+insurance.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="life insurance" border="0" data-original-height="700" data-original-width="1024" height="274" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjsR7erE4y9RHPATfDfwINIiDPF1Ksv1AdjubzoUzXPK40I4j_iyEbjlbHHDLBZwvzv0MlL5ixOeNmstLHHc-En5McNssHc2_SdZQOHQT4Ie0Po0UXV9bendKxPhXSXNJr6jILVo6EeiDv/w400-h274/life+insurance.jpg" title="Life Insurance" width="550" /></a></div><p></p><p>The essential elements of a life insurance contract are discussed below: </p><p><br /><b>1 General Components of a Contract: </b><br />Life insurance contract also have to be some general mandatory rules like other contracts such as the proposal by one party to the other party. <br /><br />Acceptance of an offer, permission or consent, voluntary consent, recompense must be in the life insurance contract. </p><p><br /><b>2. Content of Contract: </b><br />The content of a life insurance contract must be life. This life must be the life of the insured person or his relatives or it could be the life of someone else who has the insurable interest. </p><p><br /><b>3. Insurable Interest: </b><br />Actually life is the subject of life insurance. If the financial interest does not exist in the content of insurance, the insurance content will not get validity. <br /><br />Financial interest must be exist over the own life and life insurance could be done in case of where the insurable interest exists. <br /><br />So it can be said that wife, son or daughter or someone else has the financial interest and for this reason it is assumed that there is an insurable interest. </p><p><br /><b>4. The Ultimate Belief: </b><br />Full faith is one of the key elements in life insurance contract as like as other <a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a>. Both parties provide accurate information at the time of executing the agreement. <br /><br />Under any circumstances anything can not be hidden to other party. <br /><br />No false description can be given and specially insured need to be revealed clearly everything about life. </p><p><br /><b>5. Terms: </b><br />Life insurance contract also have a number of written and unwritten condition like marine and <a href="http://bconsi.blogspot.com/2014/02/definition-of-fire-insurance.html">fire insurance</a>. These terms work as the base of a contract. These are known as the elements of a contract. <br /><br />Conditions can be tow types as expressed or unexpressed and both types of terms and conditions are equally important. </p><p>At the concluded point, we can say that it is not possible to build or edit or execute a life insurance without the above elements. This is why these elements are called the essential elements of a life insurance contract. <br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-84197168653307461322020-11-14T22:38:00.000-08:002020-11-14T22:38:10.014-08:00Business Environment - Definition & Meaning Explanation<p> <i><span style="font-size: x-large;"><b>Y</b></span></i>ou are getting...
</p><ul><li>Meaning of Business Environment<br /></li><li>Definition of Business Environment</li><li>Explanation of Business Environment</li></ul><hr /><p>Some Random Terms...</p><ul><li><a href="http://bconsi.blogspot.com/2020/10/swot-analysis-explanation-usage.html"><b>SWOT Analysis</b></a><br /></li><li><a href="https://bconsi.blogspot.com/2020/11/pest-analysis-definition-and-meaning.html"><b>Pest Analysis</b></a><br /></li><li><a href="https://bconsi.blogspot.com/2020/09/what-is-price-definition-explanation.html"><b>Pricing</b></a><br /></li></ul><span><a name='more'></a></span><hr />
<div style="text-align: center;"><b>BUSINESS ENVIRONMENT<br /></b></div><hr /><p style="text-align: left;"><b></b></p><div class="separator" style="clear: both; text-align: center;"><b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBuAp6WNJNli6kCtEgpkoBQJ8JJU7nKxWvPgT3cAc6Dywo22YiD3razMy-j7HJ_2qnJ2k-NHQSMG0TFFDp-mlBJs2qgV0J7wcf8KwPxDm3ip6MwQ9aHZqQkHobeT_EkQY-DzhcEytSVCeS/s638/business+environment.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="business environment" border="0" data-original-height="479" data-original-width="638" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBuAp6WNJNli6kCtEgpkoBQJ8JJU7nKxWvPgT3cAc6Dywo22YiD3razMy-j7HJ_2qnJ2k-NHQSMG0TFFDp-mlBJs2qgV0J7wcf8KwPxDm3ip6MwQ9aHZqQkHobeT_EkQY-DzhcEytSVCeS/w400-h300/business+environment.jpg" title="Business Environment" width="550" /></a></b></div><b><br /></b><b>Business Environment:</b> Before understanding business environment, firstly we should know about the meaning of environment. Because, the term business environment is consisted of two different words. One is the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> and another is the environment. <p style="text-align: left;">Environment is the surrounding conditions of something in which the thing is grown or operated its functions. </p><p style="text-align: left;">Business means doing something which keep one busy in a profitable way. </p><p style="text-align: left;">So, by above discussion, we define business environment easily. It is the surrounding conditions of a business organization in which the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> operates its <a href="http://bconsi.blogspot.com/2016/03/7-functions-of-management.html">functions</a>. </p><p style="text-align: left;">The business environment can be classified in two. One is the enteral business environment and another is the external business environment. </p><p style="text-align: left;">In <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> language, the enteral business environment is called as the <a href="https://bconsi.blogspot.com/2016/05/what-is-meant-by-micro-environment.html">micro environment</a> and the external business environment is called as the <a href="https://bconsi.blogspot.com/2016/04/definition-of-macro-environment.html">macro environment</a>.<br /></p><p><a href="https://bconsi.blogspot.com/2020/11/environment-scanning.html">Knowing & understanding properly the environment</a> has a vital role in the way of operating the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> successfully. <br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-83490060773139554582020-11-13T10:53:00.011-08:002020-11-13T11:23:12.725-08:00PEST Analysis - Definition and Meaning Explanation<p> <i><span style="font-size: x-large;"><b>Y</b></span></i>ou are getting...
</p><ul><li>Meaning of Pest Analysis<br /></li><li>Definition of Pest Analysis<br /></li><li>Explanation of Pest Analysis</li><li>Explanation of the Elements of Pest Analysis</li></ul><hr /><p>Some Random Terms...</p><ul><li><a href="https://bconsi.blogspot.com/2020/11/environment-scanning.html"><b>Environmental Scanning</b></a><br /></li><li><b><a href="http://bconsi.blogspot.com/2012/10/single-entrepreneur-meaning-definition.html">Single Entrepreneur </a></b></li><li><a href="https://bconsi.blogspot.com/2020/09/what-is-price-definition-explanation.html"><b>Pricing</b></a><br /></li></ul><span><a name='more'></a></span><hr />
<div style="text-align: center;"><b>PEST ANALYSIS<br /></b></div><hr /><p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjovLWIyi3LxrZJiLOEG-Svv8i8H7foCea0r_rjruyNEkpfQKVUDu7DUy5wOBWVtPL0tVmqfPvmawIQQ8KbcZpQV4i1y6Yh21s3wJKF389J7kiQYV9K2vU1J3R8KpnjOf4Ekf51R3JqS28F/s1000/pest+analysis+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="pest analysis" border="0" data-original-height="710" data-original-width="1000" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjovLWIyi3LxrZJiLOEG-Svv8i8H7foCea0r_rjruyNEkpfQKVUDu7DUy5wOBWVtPL0tVmqfPvmawIQQ8KbcZpQV4i1y6Yh21s3wJKF389J7kiQYV9K2vU1J3R8KpnjOf4Ekf51R3JqS28F/s320/pest+analysis+3.jpg" title="Pest Analysis" width="550" /></a></p><p></p><p></p><p><b>Pest Analysis:</b> Pest Analysis has been derived in order to fulfill the limitation of <a href="https://bconsi.blogspot.com/2020/10/swot-analysis-explanation-usage.html">SWOT analysis</a>. </p><p>Actually we can say that pest analysis has been design by keeping in head the limitation of the analysis of SWOT about the uncovered environmental elements in more broad spectrum. </p><p>That's why Pest analysis is also important along with SWOT analysis for an <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>. It is also a managerial tool which help the <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> to perform well. </p><p>The word PEST is consisted of four different alphabet which indicates for each word as follows as...</p><p><b> P= Policatal<br /></b><b><b> </b>E= Economic<br /></b><b><b> </b>S= Socio-cultural <br /></b><b><b> </b>T= Technological</b></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2UNfVq0EZ7ZBBhB6nepazNp5I8OLfOtPS3j1RCc4AGkN1SmPDIw3G6EaYPC0LfD1fObJNKnYrhKuWOWFAPrkAtEN3TTcE4q9q2zWXL4or71gEL1nu6glrEeUoP97UBJwBvWoMBBvotOn1/s959/pest+analysis+2.png" style="margin-left: 1em; margin-right: 1em;"><img alt="pest analysis" border="0" data-original-height="517" data-original-width="959" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2UNfVq0EZ7ZBBhB6nepazNp5I8OLfOtPS3j1RCc4AGkN1SmPDIw3G6EaYPC0LfD1fObJNKnYrhKuWOWFAPrkAtEN3TTcE4q9q2zWXL4or71gEL1nu6glrEeUoP97UBJwBvWoMBBvotOn1/s16000/pest+analysis+2.png" title="Pest Analysis" /></a></div><p></p><p>So, by observing above elements, we can assume that PEST ANALYSIS is the analysis of the external element of the business environment. </p><p>So, we can easily assume the importance of the pest analysis along with swot analysis. Because, swot analysis gives ideas of some aspects and pest analysis gives ideas of some external elements of the environment. So, both are important for taking managerial decision. </p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-25891202566691912062020-11-01T08:03:00.002-08:002020-11-09T07:15:48.860-08:00Environment Scanning<p><i><span style="font-size: x-large;"><b> Y</b></span></i>ou are getting...</p>
<ul><li>Meaning of Environment Scanning</li><li>Definition of Environment Scanning</li><li>Explanation of Environment Scanning <br /></li></ul>
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<p>Some Random Terms...</p><ul><li><b><a href="https://bconsi.blogspot.com/2012/10/joint-entrepreneur-meaning-and.html">Joint Entrepreneurs</a></b><br /></li><li><b><a href="http://bconsi.blogspot.com/2012/10/single-entrepreneur-meaning-definition.html">Single Entrepreneur </a></b></li><li><a href="https://bconsi.blogspot.com/2020/09/what-is-price-definition-explanation.html"><b>Pricing</b></a><br /></li></ul><span><a name='more'></a></span><hr />
<div style="text-align: center;"><b>Environment Scanning</b></div><hr /><p><b> </b><b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixU-6cd-SqvVRzh4gTwlUi25lerK7QazRSgM_F4iArAxxZsqTng1UkgGUNS6UGoLnkG3Q4bx5rSoMhAxhtblm-4aUjQpEBqw9Bjv7PkbHD3cLMHQXxirr4fxo3EY7ytIZDM6uGqZhuQKz9/s700/Environment-Scanning-Process.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Environment Scanning" border="0" data-original-height="545" data-original-width="700" height="263" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixU-6cd-SqvVRzh4gTwlUi25lerK7QazRSgM_F4iArAxxZsqTng1UkgGUNS6UGoLnkG3Q4bx5rSoMhAxhtblm-4aUjQpEBqw9Bjv7PkbHD3cLMHQXxirr4fxo3EY7ytIZDM6uGqZhuQKz9/w451-h263/Environment-Scanning-Process.jpg" title="Environment Scanning" width="550" /></a></b></p><b></b><p></p><p><b>Environment Scanning: </b>Environment is the surrounding situations and powers belong to a place or area which influence the lifestyle and economic state of mankind directly or indirectly. That means the effects of environment affect on an organization. It can be lightly or heavily. So, it is clear that the elements of the surrounding environment of a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> will affect on its <a href="http://bconsi.blogspot.com/2016/07/16-functions-of-business.html">functions</a> and progress. </p><p>It is greatly important to analysis the environment on which the business organization is going to be established and operated. For this reason, the elements of environment are identified and evaluated their effects on <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> organizational functions and progress. </p><p>Some of the environmental element affect positively and some affect negatively. The authority of the organization identify them carefully. <br /></p><p>By which way or process the environmental analysis is done is called as environment scanning. Such scanning is done <a href="http://bconsi.blogspot.com/2016/05/what-is-meant-by-micro-environment.html">internally</a> and <a href="http://bconsi.blogspot.com/2016/04/definition-of-macro-environment.html">externally</a>. </p><p>Environment scanning is greatly important for smooth operating and achieving goal of an organization. <br /></p><hr />
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</div><hr /> <br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-4037442825073429622020-10-31T00:30:00.009-07:002020-10-31T00:39:47.010-07:00SWOT Analysis : Meaning, Explanation, Usage, Process & Limitation of SWOT<p><i><span style="font-size: x-large;"><b> Y</b></span></i>ou are getting...</p>
<ul><li>Meaning of SWOT Analysis<br /></li><li>Explanation of SWOT Analysis</li><li>Importance of SWOT Analysis</li><li>Usage of SWOT Analysis in Entrepreneurship</li><li>Factors For SWOT Analysis</li><li>SWOT Analysis Process</li><li>Limitations of SWOT Analysis<br /></li></ul>
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<b>SWOT Analysis</b></div><hr /><p>
<b>SWOT Analysis Explanation:</b> SWOT is one type of list or matrix that is consisted of four types of considering factors, such as... <span></span></p><a name='more'></a><p></p><p style="text-align: center;"><span style="font-size: medium;"><b> S = Strength<br /> W = Weakness<br /> O = Opportunity<br />T = Threat </b></span></p><p>SWOT analysis is done to take decision by finding out the internal and external issues which are affecting the concern. <span></span></p><p></p><p>Basically, SWOT analysis contains identification of four systematic factors. It is the process of figuring out ...</p><p>The strength your organization.<br />The weakness your <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>.<br />The opportunity of the project by using <a href="http://bconsi.blogspot.com/2018/05/what-is-organizational-behavior.html">organizational</a> strength and by overcoming weakness.<br />The potential threats which contain the project for the organization. </p><p></p><p>If SWOT analysis is done properly, then it helps to <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">take managerial decision</a>. Therefore, taking decision by SWOT analysis become more effective instead of taking decision without this type of analysis. </p><p></p><p>Before going to invest on a project, the authority of the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> should operates a SWOT analysis. Such analysis will help him to find out the strength, weakness, opportunity and threat of the project. By using such findings, the authority can take more accurate and beneficial decision for his business. </p><p></p><p>On the other hand, SWOT analysis helps to reduce the risk of investment, policy implementation or any kind of <a href="http://bconsi.blogspot.com/2016/07/16-functions-of-business.html">business activities</a>. </p><p><br /></p><div style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaOawEMP6kJgeCdZg6ngBeOoB0w2vJehbGANEG7EnL19gzSE8eYvjAN549kDKdEb7NOiH9e0SC1rFTRodHdCOBATxm5yKLcqZzN6zMjqTQHRjsZBozgsMjFhsD0Cmb_6ZbU1j4Vj80Klut/s1000/SWOT-Analysis-Explanation-Business.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="750" data-original-width="1000" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaOawEMP6kJgeCdZg6ngBeOoB0w2vJehbGANEG7EnL19gzSE8eYvjAN549kDKdEb7NOiH9e0SC1rFTRodHdCOBATxm5yKLcqZzN6zMjqTQHRjsZBozgsMjFhsD0Cmb_6ZbU1j4Vj80Klut/w400-h300/SWOT-Analysis-Explanation-Business.jpg" width="550" /></a></div><p><br /></p><p></p><p><u><b># Importance of SWOT Analysis</b></u></p><p>For achieving <a href="http://bconsi.blogspot.com/2016/06/objectives-of-business.html">business objective</a>, SWOT analysis is a greatly important issue. Because, business is a very challenging concern. There is always involved risk in the business against opportunity. SWOT analysis helps to understand the risk and take decision weather the opportunity will be accepted or not. </p><p>The importance of SWOT analysis in the business is greatly required weather it is for <a href="http://bconsi.blogspot.com/2016/03/7-functions-of-management.html">managerial functions</a> or <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> issue. Because, it helps...<br /></p> ⇛To take managerial decision.<br /> ⇛To find out all the factors those are involved in the making decision. <br /> ⇛To know organization strength and resources. <br /> ⇛To know weakness and overcome it. <br /> ⇛To get info on the potential opportunity against the risk factor.<br /> ⇛To understand the probable threats those are involved in the progress of such project. <br /> ⇛To identify all the positive and negative factors to take the decision. <br /> ⇛To understand the risk factors which are involved in the project. <br /> ⇛To develop the strategy, policy and system to beat the weakness and threat.<br /> ⇛To measure how much the value of such opportunity against the investment and potential threat.<br /> ⇛To implement the best decision which is highly effective for the organizational goal.<br /><br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-618214659497555422020-09-18T23:32:00.006-07:002020-11-09T10:33:07.103-08:00What is Pricing?<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p>
<ul><li>Meaning of Pricing</li><li>Definition of Pricing</li></ul>
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<p><b>Some Random Terms...</b></p><ul><li><b><a href="https://bconsi.blogspot.com/2012/10/joint-entrepreneur-meaning-and.html">Joint Entrepreneurs</a></b><br /></li><li><b><a href="http://bconsi.blogspot.com/2012/10/single-entrepreneur-meaning-definition.html">Single Entrepreneur </a></b></li><li><b><a href="http://bconsi.blogspot.com/2012/10/earning-per-share-meaning.html">Earning Per Share(EPS)</a></b></li></ul><p></p><span><a name='more'></a></span><hr />
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<b>Pricing</b></div>
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<p><b></b></p><div class="separator" style="clear: both; text-align: center;"><b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNgx2O8kxgzQWgU9yGO8_c29VTnkLbVv0fL44yne8ZApZDC9iHa8TO0WJfGZiUoi6R_IWP4wCDIGCw_iBIJWstjFBZkXGCpiZYTtnboGeDVMP31iXzJ7hErNXqgAQFWSmhqVyeQbHPQUPp/s512/Pricing.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="pricing" border="0" data-original-height="185" data-original-width="512" height="145" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNgx2O8kxgzQWgU9yGO8_c29VTnkLbVv0fL44yne8ZApZDC9iHa8TO0WJfGZiUoi6R_IWP4wCDIGCw_iBIJWstjFBZkXGCpiZYTtnboGeDVMP31iXzJ7hErNXqgAQFWSmhqVyeQbHPQUPp/w400-h145/Pricing.jpg" title="Pricing" width="550" /></a></b></div><b><br /></b><p></p><p><b>Pricing:</b> What one gets in the exchange of service or product is called price.</p><p>When a producer produces products and sells, he gets a value for it. The value is the price of the product. </p><p>When a service provider provides a service to customer, he is paid. The paid value is the price of that service. </p><p>There are some intermediary price in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>, they purchase products at low price and sell it to customer at its exact price, they also get a value from that products. </p><p>In brief, Which money is charged for a product or service is the price of that product or service. The fixing of this value of such exchange is called as pricing of a product or service. </p><p>By which method or system, the pricing procedure is estimated is called as the pricing method or pricing system. <br /></p><p><br /></p><hr />
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</div><p></p><hr /><p></p><b> <br /></b>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-61893635684550426662020-04-17T10:35:00.000-07:002020-04-18T05:00:00.418-07:00What do you mean by Insurance? <div class="separator" style="clear: both; text-align: center;">
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<span style="font-size: x-large;"><i><b>o</b></i></span>ne of the main characteristics of business is Risk and Uncertainty.<br />
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The traders or business company seeks a solution from Risk and Uncertainty with the help of insurance.<br />
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He can do business with the super certainty for insuring his business.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBnZDqwvzMn7lNvvtnz6g-8gIrxIywJbfzToddPbkq-vuDVBA9N85jhp2sAMGMZsLlGKQeCcRBS41qh9_AyIvB8B-s5nhsWWc-eRnUsZUM2E44d6fQG066TnMR_ZVghnFCgqivhfFL3tDA/s1600/Definition+of+insurance.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1080" data-original-width="1080" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBnZDqwvzMn7lNvvtnz6g-8gIrxIywJbfzToddPbkq-vuDVBA9N85jhp2sAMGMZsLlGKQeCcRBS41qh9_AyIvB8B-s5nhsWWc-eRnUsZUM2E44d6fQG066TnMR_ZVghnFCgqivhfFL3tDA/s200/Definition+of+insurance.png" width="200" /></a></div>
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So, we can say that insurance is one type of <a href="https://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html?m=1" target="_blank">contact</a> and insurer pays a specified <a href="https://bconsi.blogspot.com/2014/02/definition-of-premium-in-insurance.html?m=1" target="_blank">premium</a> for organized indemnity due to unfavourable events and conditions.<br />
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So, from the above discussion, it appears that people try to protect their life and <a href="https://bconsi.blogspot.com/?m=1" target="_blank">business organization</a> by which that is basically called insurance.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-76366870777924569992018-09-02T22:51:00.001-07:002018-09-02T22:51:16.304-07:00Role of Accounting in Modern Business<span style="font-size: x-large;"><i><b>Y</b></i></span>ou know, the progress of modern <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> is increasing day by day. The achievement of the modern business world has earned because of Accounting.<br />
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Actually, it is not only a good of recording process but also it provides various types of information for business organization and government to operate the business efficiently and smartly. <br />
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<a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">Accounting</a> helps in a different way at the present time to the government, the private institute for running their business with nicely and successfully. The role of accounting in modern business are discussed below.<br />
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<tr><td style="text-align: center;"><img alt="Accounting in Modern Business" border="0" data-original-height="768" data-original-width="1024" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcIXXMmTMQqVxsOCCd7MZxU9qCU1swbe8xwijQBgXJ7oH4PM3klt8MH8D3fVvyDhSQX4etb1v5QqOIa3WXfShFErEXduraSBdlgQB3rQALPKTvw6y0cxvbSKJ_o4o8c9kq242lwA4no8Ww/s400/eau+de+parfum.jpg" style="margin-left: auto; margin-right: auto;" title="Accounting in Modern Business" width="560" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>Accounting in Modern Business</b></td></tr>
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<b>1. Competitive Market</b><br />
There is a high competition in present country and abroad business. So, if an organization want to control their business cope with this competition they must take Accounting as their first choice. Actually, Business technology has become advanced in doing business functions, operations etc. Actually, the role of accounting in modern business has increasing day bay day because of the improving the modern technology.<br />
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<b>2. Government Control</b><br />
It is become easy to control all private business organization to Government for controlling accounting properly in a business organization. Otherwise, it is really important to keep accounting properly for gaining the government support.<br />
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<b>3. Valuation of Goods</b><br />
The role of accounting in the valuation of Goods is unlimited. There is a protection process form damage and that is if the organization fixed their price by taking profit then there will be no damage to this business institution.<br />
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<b>4. Define Profit and Loss</b> <br />
Accounting helps to define profit and loss of any <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> organization. If any organization keeps their transactions with properly then they will not fall any kind of loss. Actually, every business organization wants to make the profit by doing business. The head of organizations wants to know the condition of profit and loss and in that time The Accounting helps them a lot.<br />
So Determining the profit and loss of any kind of business organization the role of accounting is very important.<br />
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<b>5. Appraise of Financial Condition</b><br />
Financial position or condition means the status of the assets, liabilities and the owner's equity. Actually, there are many parties for observing the financial condition or position that is produced by the organization with the help of Accounting. Inside analysts of an organization want to get the financial statements in order to decide any kind of movement of the organization.<br />
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<b>6. Find Out the Interest of Owners and Shareholders</b><br />
The owners and Shareholders do not run the business in big organizations. The managing director and salaried employees conduct the big business. In this situation, the high-level employees must keep the interest of owners and shareholders with the help of Accounting. So, at this time, Accounting also helps the organization.<br />
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<b>7. Fixing Errors and Taking Necessary Actions</b><br />
A business organization can make some necessary steps in increasing the business profit. But for this step, they must need the total record of a business organization. Accounting keeps all necessary data and fix errors and be able to take the necessary steps.<br />
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<b>8. Financial Statement</b><br />
The importance of accurate financial business statement is done by the Accounting. Accounting provides the financial statement and information about the creditors and investors. By using the financial statement, the company make a good financial performance. Without accurate financial statement can business organization cannot be run or underestimated.<br />
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However, the role of accounting in business is changing because of changing the modern technology over the period of time. In the modern world, the role of accounting should be modern for providing the accurate financial statement. So, we can say that the role of accounting in the modern business is very very important.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-42354716613388970312018-05-31T08:15:00.000-07:002018-05-31T08:22:29.114-07:00The Fundamental Elements of Organizational Behavior (OB)<b><span style="font-size: x-large;"><i>O</i></span></b>rganizational Behaviour is a very important part of Behaviour Science. If you want to understand <a href="http://bconsi.blogspot.com/2018/05/what-is-organizational-behavior.html" target="_blank">organizational behavior</a> properly, you have to learn different elements about this.<br />
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The fundamental elements of organizational behavior are discussed below:<br />
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<b>1. People/ Employee: </b><br />
The <a href="http://bconsi.blogspot.com/2018/05/what-is-organizational-behavior.html" target="_blank">employee</a> is one of the very important parts of an <a href="https://bconsi.blogspot.com/2018/05/what-is-organization.html" target="_blank">organization</a>. There is no any alternative in an organization without employee/people. You know, there may be many parties in an organization. Some party may be formal and some may be informal.<br />
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These parties are not stable rather than mobile. Actually, today's Human Organization is tomorrow's future.<br />
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Organization and employee are connected to each other and it will remain forever.<br />
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<b>2. Structure:</b><br />
This is the second steps of organizational behavior. Actually, Structure means the formal relationship with on the job employee of an organization.<br />
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There is created different types of position for doing work nicely in the organization.<br />
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These position or designation are Manager, Accountant, Administration and general staff. These officer and staff have to connect structurally so that they can work efficiently and can play an important role in organizational development.<br />
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<b>3. Technology:</b><br />
Technology is a very important primary aspect of organizational structure in the modern age. Technology supplies essential resource and equipment to the employee for doing their work efficiently.<br />
Thus technology effect on their activity.<br />
Employees are not able to finish their work with the bare hand.<br />
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They build the buildings, prepare the design of the devices, determine the working process, assemble the resources with the help of technology.<br />
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Technology effects notably on the correlation of workers at the workplace.<br />
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<b>4. Social System:</b><br />
Everything around us is society and everyone in the social lives together. The social system determines the organizational work environment and from which the organization can operate.<br />
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As people cannot live alone just like organization cannot run alone its job.<br />
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The organization has to do its activity with the help of the employee.<br />
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<b>5. Environment: </b><br />
There is no any organization where they can survive alone. Every organization has to work on the internal and <a href="http://bconsi.blogspot.com/2016/04/external-environment-of-marketing-system.html" target="_blank">external environment</a>.<br />
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<a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html" target="_blank">Management</a> has to come near to all the staff to maintain a good working environment.<br />
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You know, a good working environment is helpful for good production.<br />
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<b>Conclusion:</b><br />
<b></b>Finally, it can be said that Organizational Behavior and Organizational Structure are deeply affected by the above fundamental elements.<br />
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Actually, the main objectives of Organizational Behavior are to develop the good working environment for the people, nation, society and the country.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-91783661859145032482018-05-31T07:27:00.002-07:002018-05-31T07:33:10.823-07:00What is Organizational Behavior? <b>Initial Word:</b> Organizational Behavior is mixed with the two words such as <a href="https://bconsi.blogspot.com/2018/05/what-is-organization.html" target="_blank">Organization</a> and Behavior. The organization is a social process where gathered a group of people with particular purpose.<br />
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And Behavior means the overall feedback to <a href="http://bconsi.blogspot.com/2014/01/ways-of-motivating-in-an-organization-incentives-of-motivation.html" target="_blank">enthusiasm</a>.<br />
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<b>Definition of Organizational Behavior: </b>Actually, Organizational Behavior means a technical section of behavior science.<br />
On the other way, Organizational Behavior means a scripture where reviews the staff behavior in an organization.<br />
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So, Organizational Behavior reviews the Human behavior on the job employee of an organization.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-30658754511160520642018-05-29T02:59:00.001-07:002018-05-29T02:59:29.389-07:00What is Organization? <span style="font-size: x-large;"><b><i>O</i></b></span>rganization means a group of people with a particular purpose and it is the relationship between the member for purposes such as business or government.<br />
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<b>Definition:</b> <a href="http://bconsi.blogspot.com/2013/05/meaning-or-definition-of-organizational-behavior.html" target="_blank">Organization</a> is a structural constitutional process and by this process materialize the pre-determined <a href="http://bconsi.blogspot.com/2016/02/definition-of-business-plan.html" target="_blank">planning</a>.<br />
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Actually, you should know that all Organization has a management structure and this structure determines the relationship between different parties or members.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-5010984976939875712018-05-26T09:28:00.000-07:002018-05-29T03:00:16.073-07:00Definition of Economics<span style="font-size: x-large;"><b><i>E</i></b></span>conomics is the study of scarcity and it is the study of how people use resources or it is the study of decision making.<br />
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<b>Definition:</b> Economics is a social science and it studies on different types of parties that show how individuals, governments, and nations make their choices on distributing, selling and purchasing of resources to satisfy their unlimited wants.<br />
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Economics can be divided into two ways such as <a href="http://bconsi.blogspot.com/2013/02/difference-between-micro-and-macro-economics.html" target="_blank">macro-economics and micro-economics.</a><br />
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Macroeconomics concentrates on the behavior of the entire country or the marketplace.<br />
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And Micro-economics focuses on the actions of individuals and industries.<br />
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<br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-63551944216792114132017-12-11T06:07:00.000-08:002018-08-31T22:58:16.638-07:00Marketing Management and its Evolution <span style="font-family: "times new roman" , "serif"; line-height: 115%;"><b><i><span style="font-size: x-large;">M</span></i></b><span style="font-size: 12pt;">arketing is really a very important subject for <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html" target="_blank">business</a> purposes.</span></span><span style="font-family: "times new roman" , serif; font-size: 12pt;"> Actually, Marketing Management is a discipline that focused on the implementation of marketing techniques and management of firms marketing resources. </span><br />
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 115%;"><br /></span> <span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 115%;">"By the provision of satisfaction of the needs of the lack of consumers to achieve institutional purpose on Marketing Program Analysis, </span><span style="font-family: "times new roman" , serif; font-size: 12pt;">Plan formulation, Implementation, and <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html" target="_blank">marketing</a> of controls are called Marketing <a href="http://bconsi.blogspot.com/2017/10/what-do-you-mean-by-operations.html">Management</a>. "</span><br />
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<a name='more'></a><span style="font-family: "times new roman" , serif; font-size: 12pt;"><br /></span> <span style="font-family: "times new roman" , serif; font-size: large;"><b><u>Marketing Management and its evolution:</u></b></span><br />
<span style="font-family: "times new roman" , serif; font-size: large;"><b><u><br /></u></b></span> <span style="font-family: "times new roman" , serif;">1. Production Orientation Stage-(1860-19200</span><br />
<span style="font-family: "times new roman" , serif;">2. Sale Orientation Stage- (1920-1950)</span><br />
<span style="font-family: "times new roman" , serif;">3. Marketing Orientation Stage- (1950-1970)</span><br />
<span style="font-family: "times new roman" , serif;">4. Social Marketing Orientation Stage-(1970-1990)</span><br />
<span style="font-family: "times new roman" , serif;">5. Relationship Marketing Orientation Stage- (1990- ) </span><br />
<span style="font-family: "times new roman" , serif;"><br /></span> Details Describing the below:<br />
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<b><br /></b> <b>1. Production Orientation Stage:</b> From 1860 to 1920 was called production orientation stage. In this stage, people understood that the more products you could exchange, the more profit you could make. By this formula, people were producing more products.<br />
At the end of the eighteenth century, there were many changes in the production system as a result of the industrial revolution.<br />
<span style="font-family: "times new roman" , serif;">The new equipment was captured the man's manual labor space. As a result, the production was increased by a few hundred. </span><br />
Manufactured products supplied in different countries.<br />
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<b>2. Sale Orientation Stage:</b> From 1920 to 1950 was called sale orientation stage. Large production system was created at this stage by developing technology and increasing employees efficiency.<br />
In this system, it produces a lot of products. At that time, the manufacturers realized that if only they depend on the customers, they will not buy products rather than manufacturers must force to sell products.<br />
In this regards, they accepted aggressive sales strategy and started to advertise extensively.<br />
Besides, they built an excellent relationship with Dilar and created a sales team. At that time, the radio was invented and this radio was helped to advertise their products.<br />
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<b>3. Marketing Orientation Stage:</b> From 1950 to 1970 the Marketing Orientation Stage was started. The needs of shoppers goods were growing to buyers and they were becoming aware. At this stage, the marketers changed their marketing policy. At this point, the marketers are trying to understand the customers need and according to that, they invent these products.<br />
<b><br /></b> <b>4. Social Marketing Orientation Stage:</b> Social Marketing Orientation started after 1970. This stage emphasized the welfare of social people with the rest of customers. Marketing Companies gave importance to produce the environment-friendly products.<br />
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<b>5. Relationship Marketing Orientation Stage:</b> Relationship Marketing is a process of making the relationship and continues with the customers or other relative parties. Relationship Marketing was started after 1990. Actually, this stage is involved with acquiring, saving and increasing of Customers.<br />
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Finally, It can be said that Marketing Management has entered a relationship marketing stage by increasing the productive stage.<br />
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Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-87731755792490939992017-10-19T04:39:00.000-07:002018-05-29T02:13:55.189-07:00What Do You Mean By Operations Management?<b>Initial Word:</b> Basically operations <a href="http://bconsi.blogspot.com/search/label/Management" target="_blank">management</a> rename of the production management.<br />
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Sometimes the management team has to take some decisions in a hard way for producing business goods and services. In that time, Operations management needs very much.<br />
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<b>Definition of Operations Management:</b> Operations Management refers to the administration, designing and <a href="https://bconsi.blogspot.com/2016/03/7-functions-of-management.html" target="_blank">controlling</a> the business production. You want to use properly of your product or service and in this matter, Operations Management will help you much.<br />
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Actually, it focuses on materials or service into goods as-profitably as possible.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-30947008989800521772016-07-26T22:09:00.001-07:002016-07-26T22:09:48.237-07:0016 Functions of Business<span style="font-size: x-large;"><b><i>T</i></b></span>he <a href="http://bconsi.blogspot.com/2016/06/objectives-of-business.html">main objective of business</a> is that survival in the business competition by profiting.<br />
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The <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> organization tries to profit maximize by providing the proper utility of goods.<br />
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As a business owner, the businessman earns a profit by providing goods, service, ideas etc.<br />
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The business organizations have to do these works for earning more profit and for doing these things the Functions of Business is giving below.<br />
<span style="color: blue;"><br /></span> <b><u><span style="color: blue;">A. Production Oriented Functions</span></u></b><br />
Business creates a utility from fewer assets and takes the proper changes of utilizing assets.<br />
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<b>1. Purchase:</b> Business functions are related to functions of purchasing <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a>. If your functions of purchasing remain good, everything will remind good in your business.<br />
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<b>2. Creation of Form Utility: <i>Business functions</i></b> make business suitable for human consumption. In a business concept, form utility might involve in making a product ready for consumption of customers.<br />
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<b><u><span style="color: blue;">B. Distribution Oriented Functions</span></u></b><br />
The distribution function is some functions that may be used to define a particular distribution. Such as,<br />
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<b>1. Selling:</b> The goods that are produced by the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> is selling to the customer with an exchange of money. It is a regular task for a business to producing quality goods and selling to the customer these goods.<br />
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<b>2. Transporting:</b> Goods that produced in one place is reached the other place to the final consumer by a businessman. So, it is said that the goods and service get increases mobility through transporting.<br />
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<b>3. Warehousing:</b> We know that many goods are produced in a specific time and they can proper preservation. The provision may at different times by proper preservation.<br />
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<b>4. Banking:</b> In business, it is required a lot of money for operating properly. Bank saves money and creates capital.<br />
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<b>5. Taking Risk:</b> This is common for every business case that wasting of goods, stealing, decreasing demand etc. These are the risks in Business organization. By doing insurance, they can reduce these risks in business.<br />
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<b>6. Advertising:</b> Advertising is important because the business functions of advertising have a lot of needed. It helps the business organization to <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communicate</a> to customers and it helps in building strong relationships.<br />
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<b>7. Packaging:</b> Packaging assists to customers for identification of a product. A company package products for making attractive goods and doing well from the competitors.<br />
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<b>8. Standardizing and Grading:</b> Standardization plays an important role in business functions. The goods are standardized and graded because of customers who are living far from the seller can buy goods only by seeing a sample of goods.<br />
<span style="color: blue;"><br /></span> <b><u><span style="color: blue;">C. Other Functions</span></u></b><br />
Without production and distribution, a business has to be maintaining a lot of others functions. These business functions are given below.<br />
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<b>1. Research:</b> Research in business functions is to reading, viewing and listening on a daily basis for searching the potentiality of business ideas. Research has to be done on goods and market.<br />
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<b>2. Development:</b> The business organization has to increase their organizational development such as customers demand, customers taste and competition etc. Organization should analyze for developing of their goods, distribution process and competition market.<br />
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<b>3. Book Keeping:</b> Bookkeeping is one of the most required tasks for any kind of business. A business keeps their record on bookkeeping such as buy-sell, income-loss, assets-liability etc.<br />
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<b>4. Office Functions:</b> There are many official functions happened in a business such as writing or recording importance file, book-keeping, filing, and typing etc.<br />
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<b>5. <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">Marketing</a> Promotion:</b> Marketing promotion is done by business for promoting their products. Marketing promoting goes hand in hand to a business organization.<br />
<b><br /></b> <b>6. Social Development:</b> Business organizations have to do different types of social welfare out from their business work.<br />
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A business organization does many things to be successful. They have to do their <b><u>business functions</u></b> nicely for achieving a state in the social life.<br />
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On the other hand, a successful business established only when all necessary functions are done properly. The funtions are called as business funtion.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-71029914830327087032016-06-16T02:30:00.001-07:002016-06-16T04:01:12.521-07:00What is Finance- Definition & Meaning<i><b><span style="font-size: x-large;">F</span></b></i>inance is a process of asking any financial institutions such as bank, credit union or finance company or another person to lend money to you that you also promise to repay this money at some point in the future. This is the normal speech of finance.<br />
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Actually, finance is a science that describes the management of revenues and the conduct or transaction of money matters and especially in the fields of banking and investment. <br />
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This is also hard! to define finance easily... when you buy a car, if you don’t have enough cash money for buying this car then you went to the bank for borrowing money for this car. The bank will lend you money if you agree to pay interest to the bank. Now, there is no problem of buying your car. <br />
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In other words, financing is borrowing some money with the promise to repay that money with fee or interest over a period of time.<br />
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Now, we'll look forward to get definition of finance according to various authors... <br />
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<b>L. J. Gitman</b> quoted as, <i>"Finance can be defined as the art and science of managing money. Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among and between individuals, businesses and governments."</i><br />
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<b>E.W. Walker</b> stated as, <i>"Activities of a business concern relevant to financial planning, coordinating, control and their application is called finance."</i><br />
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<b>Schall & Hally</b> said that <i>"Finance is a body of facts, principles and theories dealing with raising and using of money by individuals, businesses and governments. </i></blockquote>
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After analyzing above discussion and definitions of authors, we can define finance as...Finance is the application of financial planning for individuals, businessmen, <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">financial institutions</a>, social institutions and government in order to collect money from short term, mid term and long term convenient sources to ensure the actual investment, reserve, coordination and control according to that financial plan.<br />
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Actually, Finance can be defined as the art and science of managing money properly.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-51720614079687990082016-06-14T02:59:00.002-07:002021-02-11T05:04:01.077-08:0021 Objectives of Business<i><b><span style="font-size: x-large;">P</span></b></i>eople start a business for earning profit. But at present, earning profit is not only the main objective of people.<br />
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Actually, every business is started for earning profit. Because profit of business is the acid test of a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>.<br />
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But we have to give our attention to the welfare of society. If society remain safe, your business will be safe. We know, your business is the good relation to your customers.<br />
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Again, <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> is a social process. So, as a social process, the businessman must think about the welfare of society. And a businessman must try to achieve the satisfaction of society. Consequently, now-a-days the objective of business is going to broad.<br />
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Objectives of Business is presented and discussed below with the help of table or diagram. <br />
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<tr><td class="tr-caption" style="text-align: center;"><b>Objective of Business</b></td></tr>
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<u><b>A. Economic Objectives:</b></u> <br />Economic objectives of a business refer to the objective of earning profit. And also have other objectives that are very necessary for achieving profit which include the creation of customers, regular innovations and possible use of resources. </p><p>Economic purpose or objectives of business are as follows. <br />
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<b>1. Profit</b><br />
One of the most important objectives of business are earning profit. A person or institutions try to do business only for earning profit. Profit is the lifeblood of a business. </p><p>Profit is the primary objective for a business. Profit helps businessmen not only to earn their living but also to expand their business activities. <br />
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<b>2. Production</b><br />
Businessman earns profit by selling goods and for this purpose he buys materials. He produces goods by using these collected materials and he earns profit by selling this product. In addition, business man can produce services. </p><p>So, it is one of the most important objectives of a business to produce goods and services. <br />
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<b>3. Use of Wealth</b><br />
A business requires various resources like men, machines, materials and money. The availability of these resources is limited and for this reason, every business should try to make the best possible use of these resources. <br />
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<b>4. Buyer Creation</b><br />
A businessman creates buyer by different types of changing and developing of goods or <a href="https://bconsi.blogspot.com/2021/01/product-definition-meaning-explanation.html">products</a>. At a result, the selling is increasing by this activity. Person, society and all are get benefited by this selling and buying. <br />
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<b>5. Use of Power</b><br />
The businessmen produce different types of product. They established small, big and medium institutions for <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> purposes. There is needs lot of employee in these factories and thus, the power is used properly with diversely. <br />
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<b>6. Increase of National Income</b><br />
Person and society get benefited by business and thus, the national income is also increased. So, it is one of the best purposes of business to increase the individuals and national income. <br />
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<b>7. Increase of Investment</b><br />
Investment is one of the most important diving forces of economic development of any country. It is started by the activity of doing or increasing business. </p><p>So, it is very important to any country to increase the investment for developing purpose.
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<u><b>B. Social Objectives:</b></u> <br />Social objectives are those objectives of a business which are desired to be achieved for the good purpose of the society. </p><p>Always, the society expects something in return for its welfare of its members. A business should not be aimed at giving any kind of trouble to a society. <br />
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<b>1. Demand</b><br />
There is always lots of demands in socialize people such as, demand of essential commodities, demand of life-saving supplies and demand of luxury products etc. The business works for fulfilling these purposes. <br />
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<b>2. Employment</b><br />
Employment problem is solved by business. Small business, micro-business, medium business, big industries are creating lot of employment opportunities and thus unemployment problem is removed. <br />
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<b>3. Innovation</b><br />
There is a lot of competition creates in production by business. As a result, new product is emerged in the market. </p><p>Business <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> start to research to develop these products and thus new product are emerged. These new products increase the quality of living of society. <br />
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<b>4. Development of Living Standard</b><br />
Development of <a href="http://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html">living standard</a> of society is another important purpose or objective of a business organization. </p><p>Business supplies product with low rate. At this way, the people of society spend their life with comfort. People get opportunity the standard of living by income and consume. <br />
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<b>5. Participation in Good Work</b><br />
Business means the production or selling and buying goods with legally. If a man involved in doing business, he can’t get change of doing any harmful work like stealing, etc. <br />
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<u><b>C. Human Objectives:</b></u> <br />Human objectives refer to the objectives of aimed at the well-being and fulfilling of expectations of employees, social people and giving proper education and training. </p><p>Human objectives of business are as follows.<br />
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<b>1. Payment of Actual Wages</b><br />
Worker is paid wages for his work. This wages should be accurate. The workers do not work properly without giving the accurate wages to them. </p><p>Thus, the businessmen help workers to work by giving proper wages to them.<br />
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<b>2. Development of Human Resources</b><br />
The human purpose of a business is to create human resource. Production strategy, discover strategy, achieving market skills, time, proper uses of money and time, education etc are achieved the workers for the purpose of business. As a result, the human resource gets opportunity of development and growth.<br />
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<b>3. Relation</b><br />
In business purpose the relation of workers-owners, relation of buyer-seller, relation of business man-people, relation of county-foreign are created and thus the human relationship is also developed.<br />
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<b>4. Workers Welfare</b><br />
Business organization ensures the better life of workers. Business gives the proper or accurate wages to the workers. Business gives the opportunity of education, treatment etc. Thus, the workers welfare gets ensure. <br />
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<b>5. Ensure of Works and Services</b><br />
It is very important of giving ensuring of workers job for achieving the goal of a business organization. It is well understood at the modern age businessman.<br />
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<b><u>D. National Objectives:</u> </b><br />Every business must have the objective of fulfilling the national goals by being an important part of the country. The goal of a county may be to provide employment opportunity, earn revenue, become self-sufficient etc. </p><p>The national objectives of business are as follows.<br />
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<b>1. State Sovereignty</b><br />
Trade and commerce make ensure the state sovereignty. It is possible by business to make a county self-sufficient by producing military instrument. </p><p>So, by producing military instrument a country become state sovereignty.<br />
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<b>2. Revenue Increase</b><br />
A country earn more revenue from the business organization. The more import business get increased the more revenue of a country get increased.<br />
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<b>3. Increase of National Wealth</b><br />
The wealth is produced by business. The businessmen help to increase of national wealth by increasing the business opportunity and economic activity.<br />
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<u><b>E. Others:</b></u> <br />There are a lot of objectives of business without these and these are not basic objectives and these objectives are core values, growth, maintain <a href="http://bconsi.blogspot.com/2016/06/what-is-finance-definition-meaning.html">finance</a>, <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a>, change <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a>, competitive analysis etc. <br />
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From the above discussion, we can say that a business may be a lot of objectives but one of the most important objectives is to develop the society and thus develop him.
</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-25948728096159677052016-05-16T20:52:00.001-07:002018-07-30T05:31:37.988-07:009 Basic Features of Business<i><span style="font-size: x-large;"><b>T</b></span></i>he <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> is the activity of production, distribution, and promotion or selling goods or providing services in exchange for money in a legal way. The size of the business may be big, middle or small.<br />
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Again, the business can be a production business or <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> business through its working system. From this discussion, you should understand that there is a difference in a pattern in business but some features are in businesses that are same all pattern. We can say these patterns are the feature of business.<br />
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There are some elements in a business like external, internal, visible or invisible that elements create the difference from other subjects and these elements are called features of the business.<br />
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There are some features related to originality and these are…..<br />
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<b>1. Entrepreneur</b><br />
No business can be started without the enterprising activity of an entrepreneur. For this reason, for staring any kind of business there is always needed for an effective enterprising activity of an entrepreneur. This is not important that what kind of business organization it is. It is more important that the entrepreneur should collect the necessary elements, supply capital and after all the Risk before starting a business organization. So, the conjunction of an entrepreneur in business is very important.<br />
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<b>2. Expectation of Profit</b><br />
The primary object or goal of a business is to earn the profit. Risk has to take for running a business. For this reason, the businessman is agreed for taking the risk with the hope of profit. Again, profit of the business is one of the best elements of determining the existence of the business. The necessity of profit is essential for the stability of the business. So, the expectation of getting profit is one of the best features.<br />
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<b>3. Risk and Uncertainty</b><br />
Risk and uncertainty are one of the most basic features. If you want to manage your <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>, you have to face some risk and uncertainty. There is a proverb in business that No risk, No gain. Normally, the risk is less for the big business person than the small business person. So, pre-determined, risk and uncertainty are the features of the business.<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6GaQFwRterExR7N5Ifx-ykixLHmzWHUaCLB902MlW7l_KEbJiUkt_4M7ppFY0q5QaCRSJsEfldgSpRPxa2sIUYjIHao8bG92hIZeNYNvA_jPsKdMH44tDN2AM64A1letHyj-oAkEOfjmA/s1600/Features+of+Business.jpg" style="margin-left: auto; margin-right: auto;"><img alt="https://bconsi.blogspot.com/2016/05/9-basic-features-of-business.html" border="0" data-original-height="360" data-original-width="480" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6GaQFwRterExR7N5Ifx-ykixLHmzWHUaCLB902MlW7l_KEbJiUkt_4M7ppFY0q5QaCRSJsEfldgSpRPxa2sIUYjIHao8bG92hIZeNYNvA_jPsKdMH44tDN2AM64A1letHyj-oAkEOfjmA/s400/Features+of+Business.jpg" title="https://bconsi.blogspot.com/2016/05/9-basic-features-of-business.html" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Features of Business</td></tr>
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<b>4. Recurring Purchase and Sale</b><br />
The main thing in the business is to purchasing and selling products. But, if you sell a product suddenly, it will not be a business. So, there should be a recurring buy and sale in business. Such as, a bought a computer for his own need and later he sold it to another. Like this kind of transaction will not be included in the business. This is because of sudden sale.<br />
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<b>5. Organization</b><br />
The organization is adjusting of overall functions of a business. This is not any fact that what the size of your business organization is. The organization is an important element for managing your business. Life supplies power in our body as like organization supplies power in business. The organization is only combined and coordinates different elements of business like land, labor, and capital. The organization can be different according to the nature of the business. But a business can not run without proper organization.<br />
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<b>6. Financing</b><br />
It is said that the capital is the life of a business. The size and exits of a business are dependent on the quantity of capital. If you are managing a small business, you will need the small amount of capital and for the big company, capital needs big. So, it is very needed for managing the business to collect capital and for this reason, capital is one of the most features of the business.<br />
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<b>7. Economic Activities</b><br />
Business is an organization of integrated economic activities. Economic activities are creating utilize like the place, time etc. You will get value if you fulfill the utility of man. So, it is also a feature of business.<br />
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<b>8. The transaction at Money Value</b><br />
The value of money should be in all kinds of products that are related to business. If there is no monetary value of any content or product, it will not be the element of the business. At the present time, it not allowed to commodity changes. So, it is one of the most basic features of the business.<br />
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<b>9. Legal Validity</b><br />
The activities of the business should be run according to the law of our land. Cause, if there is all kind of element in business but it is doing the illegal activity; it will not be a business. Such as, Smuggling is not legal to any country. So, legal validity is a feature of a business.<br />
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You will see different organizations and they have the different strategy and all this strategy, rules should the features of the business. If you know the basic features of business, it will help you in professional life by starting a business.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-15342726628500151472016-05-13T08:07:00.000-07:002016-05-13T08:07:10.696-07:00What is Meant by Micro Environment<i><span style="font-size: x-large;"><b>M</b></span></i>icro environment are factors or elements in a close organization’s that have a direct impact on its business operations and its success. <br />
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It is very important before deciding corporate strategy business they should carry out a good analysis of their micro environment.<br />
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The analysis factors include competitors, customers, distribution, suppliers and the public.
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The concepts of definition of micro environment analysis are given below:
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1. Macro environment consist of some group, power and elements or factors that are not controllable.
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2. The element of micro environment affects the marketing activities directly.
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3. These elements will help the organization to apply marketing strategy, policy and planning.
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4. These elements are related to corporate closely. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-7222872603237726732016-04-21T10:45:00.001-07:002016-04-21T10:45:47.285-07:00External Environment of Marketing System<i><b><span style="font-size: x-large;"><span style="font-family: "verdana" , sans-serif;">T</span></span></b></i>he major external environment of marketing system is uncontrollable factors that influence a business decision-making period and affect its performance and overall strategies.<br />
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These factors include normally two types and they are external macro environment and the other is external micro environment. <br />
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They are described details below:<br />
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<u><b>A. External Macro Environment</b></u><br />
The external macro environment is effect in marketing activities indirectly. The elements of this environment are discussed below-<br />
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<b>1. Demographic Environment</b><br />
The demographic factors are used to segment the target population of the market for making effective <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> which an organization operates. The demographic environment differs from country to country and it is very important for business though it is an indirect action of marketing.<br />
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The elements of demographic environment are age structure, gender, income distribution, family size, education, religion, race and nationality and falling birth rate. These kinds of elements affect the organizational marketing activities indirectly.
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<b>2. Economic Environment</b><br />
Economical environment consists of some elements like total national production, profit, commerce, interest rate etc. These kinds of elements affect consumers buying power and their buying form.
The economic environment consists of factors that affect consumer buying power and their spending patterns.
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The including elements of economical environment are customer’s revenue, savings, investment, availability of credit, interest rate, monetary contraction, unemployment, customs and taxes, inflation etc. The marketers have to take marketing activities by considering such elements.
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<b>3. Natural Environment</b><br />
Natural environment consists of climate, weather, rivers, mineral resources, forest resources etc. Natural environment affects the marketing activities indirectly. The natural environment involves the natural resources factors that are needed as inputs for factories and natural environment affect by marketing activities.
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<b>4. Technological Environment</b><br />
Technology environment consist of some elements by affecting tech and by this environment there are several new product is discovered. Technology can be defined as the good method for converting inputs to outputs with a specific task. Technology environment is the forces of factors that create new product of technologies and market opportunities. The importance of technology in marketing in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> can not be said in one word. Actually, this age is the technological age. The business is growing quickly day by day with the help of technology.
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<b>5. Political Environment</b><br />
Political environment is which that affects the operations of a company or business. These actions may be occurred on local area, regional, national or international level. In business the political environment is very important. If the political environment remains calm that will be the better for running business better. So, political environment affects the marketing activities or business activities indirectly.
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Managers have to pay close attention always to the political environment because this actions of government will affect their business or company. So, the political environment consists of laws government and pressure group that influence or limit various organizations in a given society.
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<b>6. Cultural Environment</b><br />
The cultural environment is made up by institutions or other forces that affect the society’s basic values, perceptions and behaviors. Actually, cultural environment in marketing is a set of beliefs, customs, practices and behavior that affect the business or <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a> for taking decision cope with the customers demand. International companies include an examination of the cultural environment of Particular County before doing their marketing activities and by giving prior to entering their target markets.
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We can say in conclusion, for doing a product marketing these elements or forces affects the marketing activities indirectly.
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4O4UcNtyrFq4e-yUSbR3hCzKJmSG2dmClhfonmbhIcQclTs5aS0qQDy-R0_N-W-mwfedKzmMM_dPk8ktzu7ZgNsHyOKYAoJZO1e4a22MZwO2oagzy7NBgsrqt7A3GsxEk831r5slPqdZ0/s1600/Marketing-Audit-Tools-The-External-Environment-diagram.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Marketing Environment" border="0" height="295" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4O4UcNtyrFq4e-yUSbR3hCzKJmSG2dmClhfonmbhIcQclTs5aS0qQDy-R0_N-W-mwfedKzmMM_dPk8ktzu7ZgNsHyOKYAoJZO1e4a22MZwO2oagzy7NBgsrqt7A3GsxEk831r5slPqdZ0/s400/Marketing-Audit-Tools-The-External-Environment-diagram.jpg" title="Marketing Environment" width="400" /></a></div>
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<u><b>B. External Micro Environment</b></u><br />
External micro environment affect the marketing activity directly. The elements of this environment are describing below.
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<b>1. Market/Customers</b><br />
A number of customer who are buy product called marked or customers. A market is the set of all things and potential buyers of a product. In general the terms customer, who is a person or organization that a marketer believes that will benefit from the goods or products that are offered by the marketer’s organization. A customer is not necessarily should be someone who is currently purchasing from the marketer.
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Generally, the market or customer is the most important element for external micro environment. The main goal of the marketing organization is to make the full satisfaction of the customers. The company tries to give target on the consumer market, industry market, re-buyer market, international market etc. The marketers have to take decision by proper analyzing in these markets that I mentioned above.
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<b>2. Suppliers</b><br />
A supplier is a party that supplies goods or services to another business. This party or entity is a part of the supply chaining system of a business, which may provide the great value of contained for its products. Sometimes supplier is called the input or output distributor. They are also called vendor.
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A suppler is always like a manufacturer. Suppliers buy goods from multiple manufacturers and sell them to its target customers.
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<b>3. Marketing Intermediaries</b><br />
Marketing intermediaries are the part of the supply chain between the manufacturer and consumer. They help a firm to promote of business, increase selling and make available a good or service through purchasing.
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Businesses need middlemen to get their products to the specific place. Market intermediaries keep the channels of distribution open and flowing. They create place, time and possession utility for manufactures by ensuring the market condition, reducing market average cost, increasing availability of cash flow through financing and increasing consumer convenience.
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<b>4. Competitors</b><br />
There are few business those have not any competitors. Business exists always in a competitive environment. Businesses compete with competitors in many ways. Normally, we understand the word competitor is a rival of any person against another person. But, in business, a company or company which offers a similar product or service is called competitors with that product. Competitors are businesses offering similar products or goods to the same customers at similar prices.
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<b>5. Public</b><br />
A public is any group or party that has an actual interest in impact or on an organizations ability to achieve its goal or objectives. In public relations and <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> is very important for business external micro environment. This helps in micro environment in business for maintain is very important. And this is a different concept to the sociological concept.
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From the above discussion we can say that market or customers, suppliers, marketing intermediaries, competitors, public etc are very important for external micro environment.
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-71646062962099264732016-04-21T10:21:00.002-07:002018-07-29T22:57:43.783-07:00Definition of Macro Environment<span style="font-size: x-large;"><b>A</b></span> <i><b>macro environment </b></i>is a broad, wide economic conditions rather than in a particular sector or region or industry with an economy.<br />
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<tr><td class="tr-caption" style="text-align: center;">Macro Environment</td></tr>
</tbody></table>
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The macro <a href="http://bconsi.blogspot.com/2016/04/what-is-meant-by-marketing-environment.html">environment</a> includes trends in gross domestic product GDP, inflation, employment, spending and monetary of policy of money.<br />
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From the above discussion we can say that:<br />
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1. The elements of macro environment effect <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> activities indirectly.<br />
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2. Marketers do not control the macro environment.<br />
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3. Macro environment creates opportunity and threats for marketing.<br />
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4. Macro environment affects micro environment elements.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-88883886996615356692016-04-20T09:45:00.001-07:002018-07-29T23:02:25.447-07:00What is Meant by the Marketing Environment<i><b><span style="font-family: "verdana" , sans-serif;"><span style="font-size: x-large;">M</span></span></b><b>arketing environment</b></i> is some kind of party, power and surroundings material that affect the marketing activities.<br />
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A company’s <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> environment consists of the party and power or forces outside that affect marketing ability to build successful relationships with target customers. The marketing environment consists of the two kinds of environment and they are the micro and macro environment.<br />
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<blockquote>
<b>Philip Kotler & Gary Armstrong</b> said "A company's marketing environment consists of the actors and forces outside marketing that affect marketing management's ability to build and maintain successful relationships with target customers."<br />
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<b>Steven J. Skinner</b> stated as "The marketing environment includes all the forces outside an organization that directly or indirectly influence its marketing activities."
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Included issues of marketing environment are given below:<br />
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<b>1. </b>Marketing environment is a sum of elements like party, power and surroundings material.<br />
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<b>2.</b> It plays an important role directly or indirectly in marketing activities.<br />
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<b>3. </b>Some elements of the marketing environment are controllable and some are uncontrollable.<br />
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<b>4.</b> Marketing environment creates opportunity, threats, strengths, and weakness of the organization.<br />
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In conclusion, the marketing environment has consisted of all the forces and activities that affect directly or indirectly on marketing policy, marketing strategy and program development.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-34949527719893327872016-04-19T22:17:00.000-07:002018-07-29T23:12:08.009-07:00Marketing is the Delivery of Standard of Living<span style="font-family: "verdana" , sans-serif;"><i><b><span style="font-size: x-large;">A</span></b></i> </span>standard of living is one kind of the level of wealth, comfort and goods are available for a certain period or certain area. The development of the standard of living is the comparison with the previous facilities and present facilities of wealth, comfort, goods and necessary things. <i><b>Marketing is the delivery of standard of living</b></i> to society and all people to the society.<br />
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How <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> develop the delivery of standard of living to the society is described below.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGjMlteu2nUjiZMELRMEzpiH14SE8LxQ6xxZbbBEvvjKuTML-TYhaIKITpneMioc05prqtHQKMLEHnCvQYy7RVTYOzHIHCvF8nQJd-dxv-eQlGhJaDKPa0MmAJHn4tUmlnwcRUPqs3MO8d/s1600/Standard+Liviing.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="https://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html" border="0" data-original-height="640" data-original-width="960" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGjMlteu2nUjiZMELRMEzpiH14SE8LxQ6xxZbbBEvvjKuTML-TYhaIKITpneMioc05prqtHQKMLEHnCvQYy7RVTYOzHIHCvF8nQJd-dxv-eQlGhJaDKPa0MmAJHn4tUmlnwcRUPqs3MO8d/s400/Standard+Liviing.jpg" title="https://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html" width="400" /></a></div>
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<b>1. Creating Utility</b><br />
The utility is an ability of human desire or want. Marketing creates the utility of time, place, form and thus increase the human consume. Therefore, the standard of living life of humans gets developed.<br />
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<b>2. Adjusting Supply with Demand</b><br />
Marketer equilibrium with the supply and demand of for society people. At first, marketers identify the demand of consumer and then they prepare for fulfilling this demand with balance supplying.<br />
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<b>3. Ensuring Proper Distribution</b><br />
Marketing plays an important role by supplying product at the right time in the right place by ensuring proper distribution. Consumers get the opportunity to consume foreign products or goods for proper distribution of the product.<br />
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<b>4. Facilitating Large-scale Production</b><br />
The demand is created at home and abroad by promotional marketing activities. The company has to produce large-scale production for meeting this growing demand. As a result, the price of the product is decreased. At this point, the measure of consumers consumes or uses get increased and get development the quality of life with the increasing demand.<br />
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<b>5. Improvement of the Quality of Product</b><br />
The expectations of customers growing day by day. Now, it is very important for a business to improve their product with the good quality. If the company can improve their product the consumers get attracted to this product. The improvement of the quality of product plays an important role to develop the standard of living.<br />
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<b>7. Creation of New Product</b><br />
The role of new product for attracting customers is very important for increasing the standard of living. The customers focus on product design, engineering, quality, quantity etc. The fist should select the product which it wants to produce. Then it will be the success.<br />
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<b>8. Maintaining Economic Stability</b><br />
Economic stability enables other <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> activities to achieve the standard of living in the society. Economic stability also creates the right environment for pricing of product and continuing consuming of customers. Thus, it plays the role of the standard of living.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1j8NDyMlz_-TUlX1uiVoiC6zKuVgqEl7sNknEPhjrHdX8QZA1OxGvefw8-XyUDDaUVMNTY474SXuUBLZNDUyMmUDUV83DkPfu7bJZngLIrDdk68SSMhM3Mf867InUOhsCLeU0nC498VZf/s1600/40016725-background-concept-wordcloud-illustration-of-standard-of-living.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="https://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html" border="0" data-original-height="519" data-original-width="1300" height="158" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1j8NDyMlz_-TUlX1uiVoiC6zKuVgqEl7sNknEPhjrHdX8QZA1OxGvefw8-XyUDDaUVMNTY474SXuUBLZNDUyMmUDUV83DkPfu7bJZngLIrDdk68SSMhM3Mf867InUOhsCLeU0nC498VZf/s400/40016725-background-concept-wordcloud-illustration-of-standard-of-living.jpg" title="https://bconsi.blogspot.com/2016/04/marketing-is-delivery-of-standard-of-living.html" width="400" /></a></div>
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<b>9. Creating Employment</b><br />
Marketing creates a lot of job opportunity. A huge amount of people are working on the different side of marketing functions. Thus, they can improve their standard of living by the earning form this job.<br />
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<b>10. Development of Foreign Trade</b><br />
Skill marketing creates a lot of demand for the product at home and abroad. For meeting this demand the marketers have to involve in foreign trade. Thus, the consumer gets the home and abroad product and they make their life standard with this foreign product. Form the above discussion, we can say, marketing meets everyone’s life. The meaning of this, by marketing a standard of living is developed and delivered to a people.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-40516114464679436962016-04-19T22:09:00.000-07:002018-07-30T05:39:51.857-07:00Scope of AccountingAccounting is a subject that it has a very wide scope and area for applying an application of its. The use of accounting is not confined to the business area in worldwide alone, but it is spread over in all the spheres of the society and in all professions and in all organization like profit and non-profit organization.<br />
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So, it is always arising the need of recording and summarizing the transactions and the necessity of finding out the net result of at the same time of a certain fixed period. Accounting is so important that only accounting use can help to overcome the problem of giving the right information and <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> of that information to the appropriate persons.<br />
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In the modern world, accounting is used in everywhere in every place and it is practiced not only in all the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organizations</a> but also in the much non-profit organization like Schools, Colleges, Hospitals, Clubs etc. and also it is practiced in on Government organization.<br />
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Normally, it seems that the scope of accounting is confined in the business organization but it is not and we can understand that it has undergone lots of changes in recent times. We know, accounting is a dynamic and scientific subject. The scope and area of operation of accounting have been always increasing keeping pace with the changes in present economic changes. The details are described below about this.<br />
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<b>1. Accounting in Personal Life</b><br />
accounting is the process of gathering, recording and analyzing financial transactions. You can use accounting skills to apply to your personal or everyday life. If you are a student than accounting can help you to analyze the grades that you received from assignments and exams. By summarizing that data, you can analyze it and you can easily focus on ways to improve your grades.<br />
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Therefore, accounting skills can be used in handy when it’s time to manage your spending account. You can keep the account of college tuition, books, and supplies, living expenses and can get out of your control.<br />
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<b>2. Accounting in Business Organization</b><br />
The role of accounting in the business organization is to help the interested parties to record for both internal and external transactions to make <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> decisions. The accounting process affects the business activities properly. Because, in the accounting process there is measuring and summarizing of business activities or transactions, interpreting financial information and communicating with the results to <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management </a>and helps to other decision-making.<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiysQsKGg_dIVFuiXuOPOb7BEH9JpBGjc0Sp322E_US-eJ56P0L5cvFiftFnCqSMIAvpwKFQVIvkjeaRAvSjFD_-u6ttsP-9Y6oDYL_vFuwDuVqgxTpEw_skcmSYarSmvzcMoOtNmz5aHW6/s1600/imagesregdfg.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="https://bconsi.blogspot.com/2016/04/scope-of-accounting.html" border="0" data-original-height="146" data-original-width="344" height="168" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiysQsKGg_dIVFuiXuOPOb7BEH9JpBGjc0Sp322E_US-eJ56P0L5cvFiftFnCqSMIAvpwKFQVIvkjeaRAvSjFD_-u6ttsP-9Y6oDYL_vFuwDuVqgxTpEw_skcmSYarSmvzcMoOtNmz5aHW6/s400/imagesregdfg.png" title="https://bconsi.blogspot.com/2016/04/scope-of-accounting.html" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Scope of Accounting</td></tr>
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The scope of accounting in the business organization is a very wide area and their financial accounting generates some of the key company documents and there is has like profit and loss statement. Financial accounting in business also produces the balance sheet which provides the valuable information to business’s about assets, debts, and equity at a specific moment in time. Without these financial accounting documents, it would be very difficult to run the business organization. So the area of accounting in the business organization is very important.<br />
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<b>3. Accounting in Non-business Organization</b><br />
It does not aim at non-profit organizations in making the profit. But it cannot avoid account keeping. The importance of bookkeeping in non-profit is very valuable. The non-profit organizations must keep up proper accounts of its receipts, payments, incomes, expenses because those who have donated money to such institution must know that their money is being used properly. So, in non-profit organization accounting is a must.<br />
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The object of accounting in the non-profit organization is to do good to the members through proper clearness about their money expenses. The object of these organizations is too good for the society and such institutions are clubs, schools, colleges, hospitals, and libraries etc.<br />
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<b>4. Accounting for Government Institutions</b><br />
The government agencies always need accountants to achieve the objective of accountability, financial information must be both relevant and reliable for reasonably informed users. The government's agencies always need accounting information to help with making the plan, budget, and divided government funds. The different types of government’s department, ministry, offices and corporation etc, they can not walk without accounting.<br />
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<b>5. Accounting for the Professionals</b><br />
The professional people like Doctor, engineer, lawyer etc earn enough money and they have to keep account of their money. The important role of accountants in business is to ensure the quality of financial reporting. So, the scope of accounting in professional is very large and wide. Sometimes the professionals like doctors, engineers have to pay tax from their income. For this reason, they have to take proper account of their income. Therefore, the system of keeping their account is different from business organizations.<br />
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Form the discussion form above, we can say that the user of accounting is spreading in every sphere of society. The present age is technology age and in this age importance of using accounting everywhere is increasing day by day.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-2071820046774378992016-04-18T02:22:00.002-07:002016-04-18T02:22:58.015-07:00Role of Marketing in The Society<i><span style="font-size: x-large;"><b>M</b></span></i>arketing is the process and through this process business and organization promote themselves and their products by <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> with potential customers. Marketing promote work and increase activity for the purpose of welfare of society.<br />
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Marketing is very important for the welfare of society. Marketing helps to any country to run their economical system easily.<br />
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<a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">Business organization</a> spends huge money on marketing to improve their sales but marketing also benefits as a whole activity. <br />
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Marketing helps to growth properly society and the society’s people. Marketing gather the power of the economical strength for society improvement. <br />
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The roles of marketing in the society are explained below.
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<u><b>1. Adjusting Supply with Demand</b></u><br />
Supply and demand is a fundamental concept of economy and this concept is fulfilled by marketing activity also. The needs and requirements are fulfilled properly by marketing. At this point, the need does not increase or decrease abnormally. On the other side, the condition of demand remains normal.<br />
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Thus, marketing make equal the supply with demand and remain the price at hand and take an important role in developing for societies.
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<u><b>2. Proper Distribution</b></u><br />
It is most important that to consume the product of production because by this consuming the production will be successful. Distribution for society is one of the most important things among of all work.<br />
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The role of distribution in marketing, society and in the whole economy can not be discussed in some words. Distribution properly helps to improve living standard of the consumers in the society after all in the country. Proper distribution of necessary product to the consumers at the right time does not only satisfy them in their demand but also brings change in their living standard and their requirements. Actually, it brings the positive effect in life in the society.
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<u><b>3. Creating Utility</b></u><br />
<a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">Marketing</a> is very important in creating utility. It creates time, place and possession utilities. Transport or vehicle creates place utility, storage or stock creates time utility, promotional or advertisements create information or knowledge utility etc. Marketing plays important role in the society by creating utility.
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<u><b>4. Research and Development</b></u><br />
Consumers always want new and amazing product. Research and development helps to do this work properly. It is a most important tool for growing and improving your <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> and if the businesses improve then the society will be improved and then the country will be improved.
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<u><b>5. Consuming Unproduced Products</b></u><br />
All kinds of goods do not produce in one country. Some goods produce in other country. Marketing helps to consume this goods that produce in other country. Goods are supplied by importing from other country by marketing. At a result, the consumers get chance to consume that kind of product that does not produce in that country. Thus, the consumer consumes unproduced products.
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<u><b>6. Facilitating Large-scale Production</b></u><br />
The demand is increased for new product and expanded the market by marketing. The organization must produce a lot of goods for fulfilling expended market demand. As a result, the large production scale gets the proper chance.
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<u><b>7. Employment</b></u><br />
Marketing creates many kind of exciting, interesting and challenging careers opportunity, like personal selling, promotional, transportation of goods, packaging of product, research and development, product design, retailing of various goods, <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> of all works etc.
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<u><b>8. Availability of Products</b></u><br />
Society will not get the company’s products in the absence of marketing. Now, there are hundreds of new products are available in the society only because of marketing.
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<u><b>9. Developing Foreign Trade</b></u><br />
There is no any country in the world today which can produce of all commodities they needs. Every country tries to produce their necessary commodities. Marketing helps the country in developing foreign trade and create a good opportunity for foreign trading.
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<u><b>10. Consumer Satisfaction</b></u><br />
Marketing provides the satisfaction to the consumers by simply supplying information, goods, services, products and supply according to the consumers demand and taste. Thus, marketing improves the quality of life and satisfaction of consumers. Consumers feel satisfaction at their heart truly when they are full of information about their desire product.
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<u><b>11. Improving Standard of Living</b></u><br />
Marketing helps to provide the right product to the right consumer at the right time by means of different types of way like advertising, promotional, publicity and sales promotion. Marketing thus helps to rise in the standard of living of consumers. Marketing improve the living standard of the society by creating, raising and maintaining of its responsibility and task.
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In conclusion, we can say that marketing plays an important role in developing in the society. So, we can say, marketing not only develops the economic conditions of a country but also improves the standard of living to society.
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-43052263802214881032016-04-09T20:50:00.003-07:002018-07-30T05:35:08.798-07:00Marketing Management Philosophy- Meaning and Definition<i><span style="font-size: x-large;"><b>M</b></span></i>arketing is meeting to needs and wants of customers at profit. There is always the remaining logic behind each work. This logic is said the philosophy of work.<br />
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All the <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> efforts when they are guided by certain strategy, logic or philosophy that give the directions about how to act business or marketing activity that call marketing <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> philosophy.<br />
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Marketing management philosophy is the key concept or ideas for the management of marketing practices as advocated by the scholars.<br />
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Although there are many marketing management philosophies we have found famous the following fiver are.<br />
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<i> <b>1.</b> Production Concept/Philosophy </i><br />
<i> <b> 2.</b> Product Concept/Philosophy </i><br />
<i> <b>3.</b> Selling Concept/Philosophy </i><br />
<i> <b>4.</b> Marketing Concept/Philosophy </i><br />
<i> <b>5.</b> Social Marketing Concept/Philosophy </i><br />
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Any organization may be conducted marketing operations any above-mentioned concept or philosophy. When any <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a> functions their <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> to follow <a href="http://bconsi.blogspot.com/2016/04/5-important-marketing-management.html">certain marketing philosophy</a> that philosophy becomes marketing management philosophy.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-11419918433307461262016-04-09T20:43:00.000-07:002016-04-09T20:43:01.214-07:005 Important Marketing Management Philosophies<u> This Article Can Be Applicable For...</u><br />
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<li><b>5 Important Marketing Management Concepts</b></li>
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<i><span style="font-size: x-large;"><b>A</b></span></i>ll marketing efforts when are guided by certain logic, strategy, concepts or philosophies that give the directions to the business is call marketing <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> philosophy. These marketing concepts should be carried out in marketing activities.<br />
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There are five famous philosophies and this philosophy is actually a concept that is central focus for the business to do their operations.
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Now the concepts/ philosophies are describing details below.
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<b>1. The Production Concept</b><br />
The production concept is one of the oldest concepts in business that is much simpler idea, philosophy and thinks if the goods/ services are cheap then they can be made available at many places. Then there can not be any problem regarding sale. The production concept is oriented business concentrated on achieving high production efficiency, low cost, and mass distribution and vast selling at profit.
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<b>2. The Product Concept</b><br />
The product concept gives priority to produce consumers favor products that offer the most quality, performance and best features. Managers in these departments only focus on making superior products and improving them over time at their best. The companies always try to improve their product and the basis of this thinking is that the customers get attracted towards the products of good or best quality. A new product or improved product will not be successful unless it’s priced, distributed, quality, advertised, and sold properly and at the right way.
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<b>3. The Selling Concept</b><br />
Customer is the king. Without customer your <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> will not be able to make more profit. The selling concept stresses on attracting customers to buy the product by making aggressive selling and promotional or advertising efforts by the organization. Thus, the focus of business organization is to ensure the sale of products through selling technique like advertising, promotion with the customer’s satisfaction. The main function of selling concept is to convert the goods into cash as profit by using fair or unfair means. Selling can be successful only for short period but not for during long period.
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<b>4. The marketing Concept</b><br />
The success can be achieved only through consumer satisfaction. The basis of this thinking is that the product should be made which the consumers want and should be not the things which you can do or produce. You should not sell what you can make but you should make what you can sell. Keeping in mind this idea or concept, the companies direct their <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a> efforts to achieve successful. This marketing concept is a modern concept and by adopting this concept profit can be earned on a short or long-term basis.
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<b>5. The Societal Marketing Concept</b><br />
This concept is very important for <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> and society both. The business need this concept for acquiring believes from society to achieve and the society need this concept for welfare for society. This concept is a further step than the marketing concept. The company has to be kept in mind the welfare of the whole society and we know, mere satisfaction of the consumers would not help for company. It can be easily said that this is the largest concept of marketing.
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In conclusion, for achieving success in business the marketer have to follow these philosophies for earning faith in consumers, competition, consumer consciousness etc.
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-34149605602674509752016-04-07T19:50:00.001-07:002021-01-21T04:54:47.941-08:00Historical Development of Marketing<p><span style="font-size: small;"><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</span></p><ul style="text-align: left;"><li><b><span style="font-size: small;">The Historical Development of Marketing</span></b></li><li><b><span style="font-size: small;">The History of Marketing </span></b></li><li><b><span style="font-size: small;">The History of Marketing Development</span></b></li></ul><hr /><p></p><p><i><span style="font-size: x-large;"><b>M</b></span></i>arketing is not an act of God; it is a result of gradually process. <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">Marketing</a> was improving with developing of humankind. </p><p>The word ‘Marketing’ was first used in America in 1906-1911. Later the popularity and acceptance of marketing the increased continuously.<br />
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The historical development of marketing is explained briefly below.</p><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4UNenq4VsGc9fQQMnJ6LTKgHWgEdnn3thWFoFtde_6N8bHC_5nugzpvZSdwXSv-_-LsI2mtAcZo2woTyQN7B5WmSP4VZMTzmUGUtyiME8rtlgrpg6gWzh_kJgVb7pz-TlaC5wfbvQaVVz/s1600/Historical+Development+of+Marketing.png" style="margin-left: 1em; margin-right: 1em;"><img alt="marketing" border="0" data-original-height="800" data-original-width="800" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4UNenq4VsGc9fQQMnJ6LTKgHWgEdnn3thWFoFtde_6N8bHC_5nugzpvZSdwXSv-_-LsI2mtAcZo2woTyQN7B5WmSP4VZMTzmUGUtyiME8rtlgrpg6gWzh_kJgVb7pz-TlaC5wfbvQaVVz/s400/Historical+Development+of+Marketing.png" title="Development of Marketing" width="570" /></a></div><p>
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<b>1. The era of Self Sufficiency</b><br />
At the first time of humankind, every human was self-sufficient. They itself produced their own need product. </p><p>At that time, their necessary was limited. They had no any marketing product by fulfilling their own necessary. </p><p>Therefore, then there was no need for marketing a product.<br />
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<b>2. Era of Exchange</b><br />
At one stage, there was seen that people made most of what they consumed. Then they decide to market their product. </p><p>But at that time there was no money for the medium of exchange. So then Barter was a system of exchange that they chose. </p><p>The barter system is goods or services are directly exchanged for other goods or services without using a medium of exchange. </p><p>As a result, the era of exchange is started and borne the marketing.<br />
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<b>3. Era of Production</b><br />
The <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> era is called until <i>1860-1920</i>. This era was normally focused on production. </p><p>The production era is named so like that because the main priority of companies was a lot of production and by big production reducing of the cost. </p><p>Companies think that exchanges could be facilitated by lowering their manufacturing costs. Thus they pass their product to customers at lower prices.<br />
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<b>4. Era of Sale</b><br />
This is another important era of marketing. The era of marketing holds promoting of their product for more selling and they produce more. </p><p>From the start of the twentieth century in <i>1920 </i>and till <i>1950 </i>is the main time of starting the era of selling. </p><p>This time the competition in companies grew and the focus of marketing turned to sell. This time <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communications</a>, advertising, and branding started to become more important as companies needed to sell the increasing outputs of production in an increasing growing market for the stronger competition. </p><p>Nowadays most firms also practice the selling concept. The main thing in this concept, the aim is to sell what they make rather than make what the market wants.<br />
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<b>5. Era of Marketing</b><br />
The era of marketing is started in <i>1950</i>. </p><p>From this time the needs of consumers are becoming increasing and consumers are becoming more aware. In this situation, the marketer brings change in their marketing policy and strategy. It holds the key to achieving organizational goals of the selling company. </p><p>It helps to <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> to be more effective than competitors in creating, delivering and communicating with selected target customers. </p><p>The <a href="https://bconsi.blogspot.com/2016/03/top-five-core-concepts-of-marketing.html">marketing concept</a> rests on four pillars that are target market, customer needs, integrated marketing, and profitability.<br />
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<b>6. Social Marketing Era</b><br />
This social marketing era is started in <i>1970</i>. In this stage, the social marketing was a marketing system that first thinks about the company’s profit and then it considers consumer’s want, needs and the good well of society. </p><p>The marketing organizations always try to produce the product that should be good and well for society and the environment. </p><p>In this time the companies are given more importance to consider the <a href="http://bconsi.blogspot.com/2012/12/definition-of-communication-environment.html" target="">environment</a>, low and societies well.<br />
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<b>7. Relationship Marketing Era</b><br />
The relationship marketing era is started in <i>1990</i>. </p><p>In this aged, there was focused on group mass advertising and a new way of understanding between marketers and customers. </p><p>The main things of making successful customer-brand relationship are <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a>, sharing and building trust for making the real relationship with customers. </p><p>At that time the marketers have to first look deeply into their inner self for making good relationship with customers. If they can know about everything about them then the can create a good product or service to succeed.<br />
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<b>8. Mobile Marketing or Social Networking Era</b><br />
At the present is the mobile or social networking era. This era was started in <i>2010</i>. </p><p>Now mobile is the future of marketing, but really the era of mobile has already arrived now. If you’re not implementing a mobile marketing strategy in your <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>, you’re some steps of behind!<br />
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Social networking is another important marketing activity. The notable social networking sites are <a href="https://web.facebook.com/" rel="nofollow" target="_blank">Facebook</a>, <a href="https://twitter.com/" rel="nofollow" target="_blank">Twitter</a>, <a href="http://youtube.com/" rel="nofollow" target="_blank">YouTube</a>, <a href="http://yahoo.com/" rel="nofollow" target="_blank">Yahoo</a>, <a href="https://plus.google.com/" rel="nofollow" target="_blank">Google Plus</a> etc.<br />
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In conclusion, the<b><i> historical development of marketing</i></b> has entered from the self-reliant, exchange and production era to relationship and social networking era at present.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-57818007044298884622016-03-30T18:02:00.000-07:002018-07-30T07:17:20.153-07:00Top 10 Important Scope of Marketing<i><span style="font-size: x-large;"><b>M</b></span></i>arketing is a continuous business process. The <i><b>scope of <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a></b></i> is changing with the changing of time.<br />
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Marketing related tasks are considered as the scope of marketing. The marketing specialists say that 10 things are involved in the scope of marketing. These things are explained below.<br />
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<b>1. Goods</b><br />
Good is a set of tangible that identifiable form to provide want-satisfaction to customers. All marketing activities are done only for goods. Goods are very important for marketing scope. Without goods, there is no need for marketing. Example of tangible goods is food, commodities, cloth, and house. These goods are the basic demand of human.<br />
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<b>2. Services</b><br />
Service is the tangible and intangible good both. Service is very important in marketing scope. A large proportion of <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> activities is focused on the production of service as marketing purpose. There are different kinds of services available on business such as airlines, hotels, car rental firms, beauticians, software programmers, web designers, <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> consultants etc.<br />
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<b>3. Experience</b><br />
Experience is the skill of acquired or obtained of real knowledge. Marketers need experience in both goods and services for better activates. A product is promoted or increase facilities not only for adding features but also for giving unique and interesting experience to customers for running a long time the business. Like Google, Samsung is increasing their facilities for giving the customers the new experience.<br />
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<b>4. Events</b><br />
Marketers promote events for increasing the selling activates in business. Events are done or designed to <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communicate</a> the particular message to the customers or to the targeted audience. Events are like the trade show, company anniversaries, award shows, local festivals, health camps. Different types of professional person or <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a> plan events. Events are very important for the scope of marketing.<br />
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<b>5. Persons</b><br />
Day by day, the importance of advertising for business is increasing. Nowadays, the celebrity marketing has become a business. Popular personalities such as film stars, sportsmen have agents of popular personal managers in a business. These celebrities become the brand ambassador for making the brand more popular.<br />
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<b>6. Places</b><br />
Place marketing involves activities of creating, maintaining or changing attitudes or <a href="http://bconsi.blogspot.com/2013/05/meaning-or-definition-of-organizational-behavior.html">behavior</a> to a particular place for the consumers or tourists. Cities, states, and countries can be the most beautiful place for tourists. So these place should under the marketing place to factors, companies or new residents for better service for tourists and like that this county can make a business environment. The place is very important for running a profitable business. The govt. Should select the most amazing place to attract tourist and make the marketing place for increasing marketing activities in this country.<br />
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<b>7. Properties</b><br />
Properties are intangible rights of ownership. Properties can be categorized as real property (real estate) or financial property (stocks and bonds). Properties are bought and sold through marketing and thus properties come under marketing. Marketing enhances the need for ownership of property. Investing in properties is now becoming a better way of saving money.<br />
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<b>8. Organization</b><br />
The organization marketing consists of activities undertaken to create, change the attitudes and target consumers towards an organization. Organizations actively work to build the reputation in the minds of their target public for better improvement of business. The business has to play an active role in marketing to create an organization’s image. The organization’s goodwill promotes trust and reliability of customers towards the organization.<br />
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<b>9. Information</b><br />
Information means the facts and news of present or past or future that helps the business to take a correct decision. Now information can be produced and it can be marketed as a product. School, college and university market information for the business purpose and they are earning the profit. Media, Newspaper, magazines distribute information and they are a major industry for information. Media revolution increased literacy levels of information and have widened the scope of information marketing.<br />
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<b>10. Ideas</b><br />
Ideas are concepts, images that can be exchanged in marketing in the marketplace. Every market needs a basic idea for arranging properly. Ideas are now using more widely in social welfare as social marketing. Ideas for social welfare includes marketing such as AIDS deadly disease, smoking dangerous for health, clean your town, plant a tree save the environment etc.<br />
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From the above discussion, we can say, marketing involves not only a product or service but also different types of things. The scope of marketing is increasing it are day by day. So a marker should take the decision after understanding or considering the scope of marketing.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-6033991363572994202016-03-28T06:50:00.002-07:002016-03-30T18:11:28.534-07:00Top Five Core Concepts of Marketing<a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html"><i><span style="font-size: x-large;"><b>M</b></span></i>arketing</a> is a <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> process. Marketing creates the value for customers. For this reason, the marketers need to find, anticipate and satisfy the customer requirements at profit. Marketing is the name of large task like create ideas, brand, how to <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communicate</a> with customers, how to design, research of consumer behavior etc all count as part of marketing.
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There are top 5 core concepts of marketing. These are given and explain below.
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<u><b>1. Needs, Wants and Demands</b></u><br />
Most basic or core concept of fundamental marketing is that of human needs, wants and demands. These are explaining below.
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<b>A. Needs</b><br />
Identifying of unfulfilled needs is the pre-condition of making successful of marketing activities. Marketers try to satisfy the needs of customers. Human needs are the one kind of deprivation of one thing of basic satisfaction. A need is a thinking of mind that reflects the lackness of something.
Actually, needs are felt of deprivation. Marketers normally did not create these needs but they find these needs. <br />
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So, needs are the deprivation and satisfaction. For example, needs are food, clothing, warmth, safety, shelter etc.
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<b>B. Wants</b><br />
Wants are the options of satisfying needs that shaped by culture and individual personality. Human beings must require food but what type of food they will take that is depended on cultural and social of individually. One person may like a burger but another person might like rich food. Maximum satisfaction of customers need depends on the quality of a product. Our assets are limited but our wants are many, for the reason marketers try to fulfill on creating satisfying of unlimited wants by limited assets.
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<b>C. Demands</b><br />
When needs arise, wants became for specific products that are backed by the ability and willingness of consumers to buy the products that is call demands. In demand, there is a vital relation with time. Not all wants are transfer into demand. The wants become demand when the wants are supported by ability and willingness to buy. Need is a one kind of wish, want is a selected process of need and the selected thing when it fulfill the ability and willingness then it become the demand. <br />
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Thus, a rich man has demand for a Mercedes Car. In addition, rich man will buy it next month. It is a demand for rich man. But it is need for middle class person and want for poor man. All are actually classified by Money, ability, and willingness.
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<u><b>2. Marketing Offerings</b></u><br />
Marketing Offering is that making ensuring of consumers satisfaction. Marketing offer is one kind of offer that marketer makes as per requirements of a consumer. The marker try to offer standard product that satisfy the need of a consumer in terms of quality, quantity, price etc. Marketing offering can be ‘tangible’ or intangible’. The marketing offering is explaining below.
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<b>A. Products</b><br />
Product is a thing that give the satisfaction of customers. It is provided the satisfaction of physical and psychological both. Actual, product features are color, branding, packaging, labeling etc. There are two kinds of product is available that are tangible and intangible. Marketing consider product benefits and services. <br />
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Therefore, product is very important for marketing offering because marketing offering is fully dependent on product.
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<b>B. Services</b><br />
All kinds of things that are offered to a market to satisfy human needs or human wants or consumers that is called Services. Service is a work or benefit that is given to one party to other party. Service is intangible. For example service of doctor, lawyer, mason, tailor, hotel service, training service, security service, entertainment service, beauty parlor service etc.
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<b>C. Experiences</b><br />
Experience is acquired real knowledge about any thing. Experience is to do, to see, to feel something by acquired knowledge or skilled. The company wants his experience to do better in future. By using experience company ordered to manager to make marketing process. Experience in marketing has an experimental value. Normally in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>, experience is very important. Some kind of <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization </a>does not want to appoint their employee without having experience of this job. A company provides more facility or increase salary or gives promotion of manager or other employee only for experience.
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<b><u>3. Value and Satisfaction</u></b><br />
Value and satisfaction is very important on marketing core concept. They are explained below in details.
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<b>A. Value</b><br />
Value is the capacity of a product or service. Normally value is determined by the level of satisfaction of customers. If satisfaction level is low, it means the value of the product is low and consumer will leave this product. Customers always think about value of a product when they go to buy this product. It is ever-present in their minds about value of a product. Actual, value is the difference between consume of a product and the cost of buy this product. Customers spend money, give time, power and mental labor for buying a product. For this reason, the consumer wants the best value of a product.
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<b>B. Satisfaction</b><br />
Satisfaction is like a desire of mind that can not be measured or it can not be quantified. Actual, the purpose of marketing is the satisfaction of customers by creating value of a product and make a long-term relationship to customers. The satisfaction of customer is also depended on quality of the product or the quality of the service provided. You have to be careful as a marker in setting your costumers satisfaction level too low. Then your customers will go to your competitors. On the other hand, if you set your satisfaction level too high that you can not achieve then also your customers will go to your competitors. So, you have to determined the level of satisfaction as middle or normal so that the customers come back and buy your product again.
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<u><b>4. Exchanges and Relationships</b></u><br />
Exchange and relationship is always very important in core concept of marketing. Exchanges and relationships are explained in below in details.
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<b>A. Exchanges</b><br />
Exchange is very basic concept of marketing. In fact, another name of marketing is exchange. Producers and manufactures are trying to make available all sorts of goods that are needed by the society. Exchange is one kind of activity that creates value and this value is provided to other party. In exchange money is always needed. Without money the exchange process is not possible. Every company products are exchange for money. Marketers provide product, service and idea to the customers in exchange of money.
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<b>B. Relationship Marketing</b><br />
Customer is the king in the business. If you want to grow up your business, you have to create a good relationship to customer. You have to keep always busy to make happy of customers by satisfying his or her needs in terms of quality, price, time, quantity, regularly in supplying. In relationship, the quality of product is very important. If the customer understands the quality, value or facilities of your product he will build the goodwill for your company by telling his friends and relatives because of which this way customers increase. <br />
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This think has also negative side and that is customer will be dissatisfied for boring, inequality product. So, if you want to run your business in long-term you have to create a good and long-term relationship to customers for longer lasting loyalty.
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<u><b>5. Market</b></u><br />
Marketing follows market. Market is a set of present and future buyer. Market is a place where buyers and sellers are come in touch with detailed information about what sellers are offer and what buyers are ready to buy. Some people do not say that in market a place should stay. But a market is where different types of transactions happen that is also call market. In market, the goods flow from the sellers to the buyers and money flow from buyer to reach sellers to complete the exchange.
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We got informed about top 5 core concepts of marketing form above discussion. Marketers have to acquire knowledge of core concept of marketing for improving buyer orientation marketing strategy.
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-7523479163657322582016-03-24T11:20:00.004-07:002020-11-11T23:08:57.884-08:00Top 7 Importance of Accounting<u><i><b>T</b></i>his Article Is Also Applicable For</u>:<br />
<ul>
<li><b>Benefits of Accounting</b></li>
<li><b>Necessity of Accounting </b></li>
</ul>
<hr />
<b><i><span style="font-size: x-large;">T</span></i></b><i>he role of accounting</i> in any business concern is very important and reserve as a vital tool for <a href="http://bconsi.blogspot.com/2016/07/16-functions-of-business.html">business operation</a>. It is easy to focus on the mass financial environment by using proper accounting strategies.<br />
<a name='more'></a><p style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLbUm4pfg8JOOI0NIXDs4sAJDJmkr1LxF3RGzgXBq5R4Q64fyp7fc5AF8eSNePMvOC3SoYlxCHkJm-4qnorAdzI0NNN_3Nf8l4z_oNfJ6KLQblx4MctNjVksrZEWq5FmPChJ4V3Zv1o0_i/s750/accounting.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="accounting" border="0" data-original-height="375" data-original-width="750" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLbUm4pfg8JOOI0NIXDs4sAJDJmkr1LxF3RGzgXBq5R4Q64fyp7fc5AF8eSNePMvOC3SoYlxCHkJm-4qnorAdzI0NNN_3Nf8l4z_oNfJ6KLQblx4MctNjVksrZEWq5FmPChJ4V3Zv1o0_i/w400-h200/accounting.jpg" title="Accounting" width="550" /></a><br /></p><p>Below we are going to discuss<i> the importance of <a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">accounting</a></i> from various views…<br />
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<b>1. Recording Transaction</b><br />
Accounting process records all the transaction and their history. For this, it can’t be losing any transaction data from such record store.<br />
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<b>2. Knowing Profit Loss</b><br />
After a financial period, accounting creates financial statements such as profit and loss A/C, Income Statement, Balance Sheet etc.<br />
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<b>3. Identification of Financial Status</b> <br />
Occasionally or to be said more clearly periodically, <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">Business</a> related parties want to know the financial status of the business. </p><p>Accounting helps and informs the financial status by creating various financial statements such as income statement and balance sheet.<br />
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<b>4. Business Operating</b><br />
Accounting helps <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> by supplying necessary accounting information to operate business accurately and tactfully.<br />
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<b>05. Cost Control</b><br />
Accounting helps to control cost. Cost controlling is easy because of accounting. We know that accounting keeps all the financial records. </p><p>It is easy to control cost because accounting provides the financial status of the business enterprise.<br />
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<b>06. Finding Errors in Accounts</b><br />
Accounting finds out all the errors which are included in accounting information and correct them. By this way, accounting helps to find out errors and fraud in accounts.<br />
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<b>07. Presenting Report</b><br />
After creating financial statements such as income statement, balance sheet accounting supplies to internal and external accounting information users.<br />
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From the above discussion, we can say that to operate a business accurately, it must need to have a strong accounting information system. </p><p>Without accounting the existence a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> can’t be imagined.<br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-85114453717158403492016-03-23T11:19:00.002-07:002016-03-30T18:06:25.736-07:00Characteristics of Marketing<u>This Article Is Also Applicable For:</u><br />
<ul>
<li><b>Nature of Marketing</b></li>
<li><b>Feature of Marketing </b></li>
</ul>
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<span style="font-family: "verdana" , sans-serif;"><i><b><span style="font-size: x-large;">M</span></b></i></span>arketing is a <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> process that links the business with customer's needs and wants in order to get the right product to the right place at the right time at a profit.
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<a name='more'></a><br />
<a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html"><b>Marketing</b></a> is the heart of success element of a business. Most of things of your business depend on marketing. Marketing covers advertising, public relation, promotions and sales of a product or service.<br />
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It greatly affects on sales. Sales bring profit. And profit help the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> to operate smoothly. <br />
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Marketing is like a process by means a product or service is introduced and promoted to potential customers to your business.<br />
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Without marketing, your business may fall down very quickly.
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Without marketing, sales of your <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> may crash and the lasting of your business may fall at risk. Marketing is a very important tool for a business.<br />
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Now the characteristics of marketing explained under the following heads:
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<b>1. Social Process</b><br />
Marketing is a one kind of social process. After producing a product of service, a company should concern about the public health, people need and all kinds of public. To be most effective or successful, a program must be specific near the customer and this customers are live in the near the company. If the company gives priority on social demand, the product will cut the market nicely.
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<b>2. Managerial Process</b><br />
Marketing is a managerial process and in that process customers and company get both benefit. In this process involves individuals and groups for obtaining their desire success. The management knowledge is help in the marketing managerial process.<br />
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Marketing become more effective when it managed strictly by manager and consider the marketing and the production concepts. You can also say that it is as social process because it is related to people and it always tries to communicate each other in social peoples by commercial way.
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<b>3. Process of Creating Utility</b><br />
Marketing creates four types of utility such as, time, place, possession and form. These four utilities are most important for business owners, marketing and advertising professionals about consumer spending habits. Consumers purchase products for different kinds of reasons. One of the best reasons is the getting more convenience from the product as much as purchasing cost.
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<b>4. Exchange Process</b><br />
The basic issue of marketing is ‘exchange’ that means the satisfaction of the want and need of consumer. Marketing is continuous process of commercial exchange. This exchange also means of the technology, information exchange and exchange of ideas or exchange of consumer needs and satisfaction.
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<b>5. Consumer Orientation Process</b><br />
The owners of business do their marketing by focusing on the consumers demand or needs. There are two types of process are available for consumer orientation marketing on business products. First, they will create products and then they will find the ways to generate demand among consumers. And the second option is to identify the consumers needs and demands then create product by demands of consumers. The second option is called the ‘market-pull’ model of marketing. These are also called marketing strategy for consumer orientation marketing.
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<b>6. Process of Earning Profit</b><br />
The main goal of every business organization is of earning profit. Marketing ensure the customer satisfaction with the delivered value of product. Marketing helps to increase product performance for earning profit by customer’s demands.
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<b>7. Dynamic Process</b><br />
Marketing can be defined as a continuous process of creating value for individual customers and sharing the value and earning the profit. It creates the good relationship between the owners of the business and the consumers. Marketing is the dynamic, continuous process or ongoing process basis for the benefit of both parties.
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<b>8. Improvement of Standard of Living</b><br />
The role of marketing is to improvement of standard of living. Marketing is the exchange of facilitate. It ensures the satisfaction of both parties. Marketing’s value to society is to creates more efficient and facilitate between among individuals and organizations.
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<b>9. After Sale Services</b><br />
Some kinds of goods give after sale services facilities such as, car, ac, TV, freeze etc. The facilities are like home delivery, warranty, guaranty etc. So we can say that the marketing process is a continuous process because this marketing is running after selling a product.
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<b>10. Achievement of Organizational Objectives</b><br />
Marketing is a one kind of powerful activity. It is always helps to achieve the organizational goals or objectives and customers satisfaction. Organizational objective is very important for a commercial organization to earn profit easily.
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<b>11. Selection of Target Markets</b><br />
No marketer can satisfy everyone want and demand by marketing in the market. For this reason, a marketer for marketing his products has to select target markets to go near the customers in easily. If a company wants to cover whole market without targeting market, this company will fail in marketing his product. Marketer should select the target group for reaching them easily to reach this targeted group.
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So these are the characteristics of Marketing without these character marketing can’t be successful. The traditional marketing concepts have lost it value and the modern characteristics of marketing is becoming popular day by day.
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-81216578564504280242016-03-16T19:56:00.002-07:002018-07-30T07:44:41.324-07:00Necessity, Importance of Management Principles for Organization and Manager<u>This Article is also applicable for:</u><br />
<ul>
<li><b>The necessity of Management Principles for Organization and Manager</b></li>
<li><b>Benefits of Management Principles for Organization and Manager</b></li>
</ul>
<br />
<i><span style="font-family: "verdana" , sans-serif;"><span style="font-size: x-large;"><b>P</b></span></span></i>roper understanding and applying of management principles are very necessary for managers as these principles act as guidelines and direction for managerial activities.<br />
<a name='more'></a><br />
By practicing management principles managers can achieve organizational goals and can avoid various mistakes while dealing with people in the organization.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE3yzwRQAzkmsoxPjxe1fjJhUTTCOd7klabsIRnVPi9gyV_xuJ5QIsIUDUofYUvGT3qSS-qgIe_PNhp6lYLNKZubTmLNwPc_jpfImSxx0lHi28S_7mWgKrwh5D5G0YafUMESEqJrWWwHo3/s1600/Importance+of+management+principles.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="https://bconsi.blogspot.com/2016/03/necessity-importance-of-management.html" border="0" data-original-height="800" data-original-width="800" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE3yzwRQAzkmsoxPjxe1fjJhUTTCOd7klabsIRnVPi9gyV_xuJ5QIsIUDUofYUvGT3qSS-qgIe_PNhp6lYLNKZubTmLNwPc_jpfImSxx0lHi28S_7mWgKrwh5D5G0YafUMESEqJrWWwHo3/s400/Importance+of+management+principles.png" title="https://bconsi.blogspot.com/2016/03/necessity-importance-of-management.html" width="400" /></a></div>
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The importance of management principles is due to following reasons:<br />
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<b>1. Helps in Developing Skill</b><br />
<a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> of principles increases the skill of the manager’s personality and viewpoints. Managers can balance skill by the management of principles. Managers can take additional employees responsibility and can training them and easily can monitor them for organizational goals. Managers also motivate employees for achieving organizational goals and properly use the management of principles.<br />
<b><br /></b> <b>2. Improve Efficiency of Managers</b><br />
Principles of management work as a guideline for the managers. These principles help managers to take a more realistic view of different managerial problems and to direct human behavior effectively and doing work with greater efficiency. The manager can become more effective by using the established management principles to solve any critical problems in work time.<br />
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<b>3. Proper Utilization of Inputs</b><br />
Inputs are used in factories production to produce an output or goods or services. These goods have the limit. Management principles help to a <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> that how to use the best use of limited resources. The proper utilization of resources or inputs is very essential for a business and this necessity is filling by using proper management principles by managers.<br />
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<b>4. Improving Art of Management</b><br />
Management principles help in improving the art of management in many ways. How things should be done to get good results in an efficient manner these things suggest to do by the management of principles. These principles provide a vast knowledge and experience in management.<br />
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<b>5. Decision Making</b><br />
Managers take a number of decisions every day and every moment in work time. Therefore, they need to take the decision very carefully so that the appropriate decision can be taken in the best possible manner. The management principles enable the managers or to achieve goals to take the decision properly. In decision-making management principles help the managers to take the decision carefully.<br />
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<b>6. Research and Practical Guidance</b><br />
Management principles represent a key area for research studies and practical guidance. Management principles have expanded of knowledge and information for further research and guidance. These principles provide new ideas, imagination, and plan and help to make vision to the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>.<br />
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<b>7. Useful for Spreading Knowledge</b><br />
<a href="http://bconsi.blogspot.com/2016/03/principles-of-management.html">Management principles</a> are useful for spreading knowledge of management through teaching and it is essential for managers and organization. The teaching of management principles is an integral part of the manager’s education in the learning process. These principles help to develop managers and organization.<br />
<b><br /></b> <b>8. Evaluating the Behavior of Managers</b><br />
Principles of management guide what one should do to improve things in other some ways. These principles, for this reason, are very important for the manager’s behavior. Therefore, these principles try to give the guide and evaluate the behavior of the managers and organization site.<br />
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Principles of management are the top management theories. These principles are very important and valuable in management. These principles act as the base form of management training and education system.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-24750350888940528292016-03-16T03:28:00.002-07:002018-07-30T07:31:17.072-07:00Definition of Management<b><i><span style="font-family: "times" , "times new roman" , serif;"><span style="font-size: x-large;">M</span></span></i></b>anagement is an English word and the dictionary meaning of this word to manage or arrange something. Management is to get people to work together for the attainment of an organization’s goals.<br />
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In other words, management is a process of getting activities different types of elements completed efficiently and effectively with through people.<br />
<a name='more'></a><br />
Management is an individual or a group that accept responsibilities to run an organization properly. For managing all activities, they plan, organize, direct and control all things of the organization.<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGu-DOnOK_WBEuyun4wXqz-He8h1cF_OgCM0eT1Rwwn84Q21RuNH_OlrSHA5RzSefRDlirlucfk_N_1L5s3X55vJ6yVfepPUB1fki4OuT9ivfaIiMHGKCNxXYSJ-M0lleqlu3wbyncl1Wo/s1600/Management.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="https://bconsi.blogspot.com/2016/03/definition-of-management.html" border="0" data-original-height="800" data-original-width="800" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGu-DOnOK_WBEuyun4wXqz-He8h1cF_OgCM0eT1Rwwn84Q21RuNH_OlrSHA5RzSefRDlirlucfk_N_1L5s3X55vJ6yVfepPUB1fki4OuT9ivfaIiMHGKCNxXYSJ-M0lleqlu3wbyncl1Wo/s400/Management.png" title="https://bconsi.blogspot.com/2016/03/definition-of-management.html" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Management</td></tr>
</tbody></table>
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Management has Six M's, such as <b>Men</b>, <b>Machines</b>, <b>Money</b>, <b>Materials</b>, <b>Methods</b>, and <b>Markets</b>. In management, these resources are used for achieving the objectives of the organizations maximum profits and business expansion.<br />
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Some popular authors have provided the definition of management as...<br />
<blockquote>
<i><b>“Management is an art of knowing what is to be done and seeing that it is done in the best possible manner."</b></i><br />
<div style="text-align: right;">
-Father of scientific management <b>F.W. Taylor</b>.
</div>
</blockquote>
<blockquote>
<i><b>“Management is to forecast, to plan, to organize, to command, to coordinate and control activities of others." </b></i><br />
<div style="text-align: right;">
-Father of modern management <b>Henri Fayol</b>.</div>
</blockquote>
<blockquote>
<i><b>“Management is the process by which co-operative group directs actions towards common goals." </b></i><br />
<div style="text-align: right;">
<b>-Joseph Massie
</b></div>
</blockquote>
<u><b>Key Points: </b></u><br />
<b>1.</b> Management is the sequential process of some tasks.<br />
<b>2.</b> The tasks of Management are deeply related to each other.<br />
<b> 3.</b> It is the taken step to achieve the specified organizational goal.<br />
<b> 4.</b> By management, we can ensure the maximum usage of utilities.<br />
<b>5. </b>Organizational success can be achievable with the proper usage of Management.<br />
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After all the discussion, we can define management as… Management is called as such kind of process by which a manager or an organization can organize their planning, organizing, staffing, usage of utilities, directing, motivating and controlling in order to achieve specified goal or target.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-56993876689088777412016-03-14T19:51:00.001-07:002016-03-23T11:29:37.882-07:00Principles of Management<i><b><span style="font-size: x-large;">A</span></b></i> principle is like that it is express fundamental truth. It establishes cause and good relationship between different two groups or person or more variables things at any situation. Principles serve as a guide to thought and feelings and actions. We know that management is universal for the reason management principles are the fundamental of truth based on logic that provides guidelines in making managerial decision.
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In the last century, organizations had to deal with <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> and <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a> was practice management. In the 1900 decade a large organizations, such as production factories got many problems to manage this site. At that time there were available only few tools, models and methods to apply on that factories. At that time founder of modern management, Henri Fayol was emerged.
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh31XrSkofCKfJ8reSJ_nbUysC5rt72j0_-xvsteHcelB-k0JcJeqYV_EJ-KZzJMjfoRK4YlOr119VY-xNHrk-sLETDN09j6r59P0B1QiJUmhNaaRBNq4sKRM4lPzbPy3pe6jeIGlFxcpLN/s1600/Management.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Management" border="0" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh31XrSkofCKfJ8reSJ_nbUysC5rt72j0_-xvsteHcelB-k0JcJeqYV_EJ-KZzJMjfoRK4YlOr119VY-xNHrk-sLETDN09j6r59P0B1QiJUmhNaaRBNq4sKRM4lPzbPy3pe6jeIGlFxcpLN/s400/Management.jpg" title="Principles of Management" width="550" /></a></div>
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<b>Fayol’s principles</b> are listed below:
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<b>1. Division of Work </b><br />
Division of work refers to the practice of dividing a task, a job, assignment or contract or a factory departmental works into small tasks. Division of work means the whole work is divided into small tasks. This principle specialize the workforce according to the skills of a person and professional development within the labor force and by this, means increase the productivity. This specialization increases the efficiency of labor. <br />
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By separating the whole work into a small part of work, the workers speed, accuracy, and performance increases. This principle is applicable to both technical and managerial working process. This Division of Work principle can be made useful in case of project works too.
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<b>2. Authority and Responsibility</b> <br />
In order to get things or work done in an organization, management has the authority to give any kinds of orders to the employees. Of course with this authority, the author comes responsibility. The authority gives the management the right to give any kinds of orders to the subordinates.<br />
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We can say, the authority and the responsibility can go together and they are the two sides of the same coin.
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<b>3. Discipline </b><br />
The third principle of the 14 principles of management is about discipline or obedience. Discipline refers to obedience, proper relation to others, respect of authority etc.<br />
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Discipline is essential of all organizations for smooth functioning. This will also help to create shape the culture inside the organization. Discipline is necessary for of all enterprises.
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<b>4. Unity of Command </b><br />
Unity of command means that an individual employee will receive orders form one manager and that the employee is answerable to that manager.<br />
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If more than one manager gives tasks and related responsibilities to the employee, this may lead to confusion that may lead to possible conflicts for employees. By using this principle, the responsibility for making mistakes can be established more easily.
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<b>5. Unity of Direction</b> <br />
This management principle is all about focus and unity. All employees deliver the same activities for factory that can be linked to the same objectives. One group that forms a team must carry out all activities. These activities must be described in one plan of action at company or any organization.<br />
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Unity of Direction is that there should be one plan for workers. They should be under the control of one manager.
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<b>6. Subordination of Individual Interest to Mutual Interest </b><br />
The management must understand the divided of personal considerations and objectives of company. He must put aside personal considerations and put company objectives firstly.<br />
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In order to the company want an organization function well, he should remember that personal interests are subordinate to the interests of the organization. The manager should give the primary focus on the organizational objectives and should not on those of the individual. This principle is not only applies on manager but also to all levels of the entire organization.
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<b>7. Remuneration </b><br />
Workers must be paid sufficient money. It is a chief motivation of employees and it is greatly influences productivity. Motivation and productivity are close friend to one another and is concerned the smooth running of an organization.<br />
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The remuneration payable should be fair and reasonable effort. Normally, remuneration is paid to worker as per their capacity and their productivity. The main objective of an organization is to maximize the company wealth and profit as well. For this purpose, the organization has paid wages, salary and benefit to their staff so that the worker can be motivated and organization can be ensured of profit.
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<b>8. Centralization </b><br />
The amount of power of authority for decision-making process must be properly balanced in an organization. The amount of power of authority depends on the volume and size of an organization including its hierarchy.<br />
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The degree of centralization implies the concentration of decision-making authority and power at the top management. Sharing of authority or power with lower levels is called decentralization in management principle. <br />
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<b>9. Scalar Chain</b> <br />
Scalar chain refers to the chain of superiors ranging in a circumstance form top management to the lowest rank. Scalar chain suggests that there should be a clear line of authority form top to bottom and in this line should be link all managers at all levels. It is considered a chain of command in management. It involves a great and useful concept called a “gang plank” using which a subordinate may contact a superior to his superior or low manager to low manager in case of an emergency.<br />
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However the immediate low manager must be informed to superiors about the matter.
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<b>10. Order </b><br />
A company runs properly if social order ensures the fluid operation through authoritative procedure. Company has different types of order. They must follow company rules and then company will make profit.<br />
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Material order ensures safety, efficiency, and good line in the workplace. Order should be acceptable to all and under the rules and regulation of the company.
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<b>11. Equity </b><br />
Manager behavior must be treated kindly and justice to the worker to ensure a good workplace. Managers should be equal to all to all kinds of matter. Managers should be fair and impartial to all employees when dealing with them and giving equal attention towards all workers.
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<b>12. Stability of Tenure of Personnel </b><br />
If any good worker leave to your company, it will be very bad for company. Stability of tenure of personnel is a principle is that ensure organization to run company smoothly without the thinking of frequently enter and exit of workers. For doing, this company must be increase stability job for worker.<br />
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The organization must take steps to obtain as much as stability in its management site and workforce site as possible.
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<b>13. Initiative </b><br />
Initiative is very important for any company. By using this initiative of employees can be strength and can discover new ides for an organization.<br />
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Initiative of employees is a source of strength for organization because it provides new and better ideas for company improvement. Employees may always like to take greater interest in the functioning of the organization.
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<b>14. Esprit de corps </b><br />
Esprit de corps refers to the need of managers to ensure and development morale in the workplace and to the workers. Team sprit helps develop an atmosphere of mutual trust and understanding with each other. Team spirit helps and works finish the task on time.
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Principle of management can be used to manage organizations and these are useful tools for forecasting, planning, process management, organization management, coordination and controlling.
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Although they are oblivious but they can give guide for any problem and can give tips as what should do or what not?
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-90171459747152119282016-03-13T10:44:00.002-07:002018-08-08T22:25:41.931-07:00Features of Management<div class="MsoNormal">
<u>This Article Is Also Applicable For:</u></div>
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<li><b>Characteristics of <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> </b></li>
<li><b>Nature of Management</b></li>
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<i><b><span style="font-size: x-large;">M</span></b></i>anagement is a process that ensures the proper use of people and resources elements for achieving pre-determined goals. Management process is universal. Management is a continuous, fast developing science and human activity.<br />
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Management is like a process that organizes the disorganized resources of men, machines, materials, and methods into the useful and effective way. Management is a pipeline in which the inputs are fed and they are preceded through management functions and at the end of results, we get inputs as goods, services, productivity, valuable information and satisfaction of all sides.</div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj50oz5XNG3tfHH75HEgbAG3-OflZys1jmrSe9MGGQARO1vCJUQhG9jarpiXSZv31yLJ9dSuADytWwm9CMFACuVcDJpRfrBcsLMiOlvQZdObsl6DuMkw8sy_lps5nody9XApWiaN5GjKYTn/s1600/Features+of+Management.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="https://bconsi.blogspot.com/2016/03/features-of-management.html" border="0" data-original-height="789" data-original-width="940" height="335" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj50oz5XNG3tfHH75HEgbAG3-OflZys1jmrSe9MGGQARO1vCJUQhG9jarpiXSZv31yLJ9dSuADytWwm9CMFACuVcDJpRfrBcsLMiOlvQZdObsl6DuMkw8sy_lps5nody9XApWiaN5GjKYTn/s400/Features+of+Management.png" title="https://bconsi.blogspot.com/2016/03/features-of-management.html" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Features of Management</td></tr>
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Management is a word, which is used in different sciences in the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">modern business</a> world.</div>
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In the narrow sense, management signifies the technique of taking work form workers. In this way, a person who can take work from others smoothly and successfully is called a manager. From this speech, we can say that management is n art, as well as science. Management is lake an activity that is concerned with the different human efforts to achieve the desired objective.</div>
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Different authors in a number of ways have defined management. Some call it a process of managing anything. Some call it coordination, controlling of resources, some call it the body of personnel challenged in the task of managing process while workers call it an organized discipline.</div>
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The following are some of the main feature or nature of management:</div>
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<b>1. Management as Process</b></div>
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Management is an independent process for achieving goals. Management wants to give ensure the proper use of worker and resources elements. For this reason, management process consisting of planning, organizing, staffing, directing, coordination, controlling, performed to determine the objective by the use of human beings and other resources.</div>
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<b>2. Universality of Management</b></div>
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The management process is universal. The universality of management is an important concept in modern management. Management describes as universal as the widespread practice of management in all types of organizations. </div>
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Although management is universal all managers are not the same and they do not apply the rules of management in the same way because no two individuals are alike.</div>
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<b>3. Management as an Activity</b></div>
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Human beings performed various activities such as writing, playing, eating, cooking etc and management is also an activity because of a manager in a company who accomplishes the objectives by directing, organizing the efforts of others. We know management is what the manager does. So, form this speech, we can say management is an activity and it does different types of activities.</div>
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<b>4. Continuous Process Management (CPM)</b></div>
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Management is a continuous process. The functions of management run gradually. It is a never-ending management process. It is concerned with constantly identifying the problem and solving this problem by taking proper or adequate steps. It is an on-going or continuous process.</div>
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<b>5. Economic Resources</b></div>
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Management is wealth from the point of Economics. For any kind of production process, there is the need for land, labor, capital, and <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>. This organization is managed.</div>
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<b>6. Human Resources</b></div>
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Management is human resources. Management always remains busy and conducts properly human wealth as human resources of management. Management is human beings process that is building a strong group of people.</div>
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<b>7. Intangible</b></div>
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Management is like wealth. But this wealth we can not see like land, capital or labor and we can not touch this wealth. This wealth cannot be defined as the value of money. We can feel the existence of management when we see the activities that are taken for achieving goals.</div>
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<b>8. Management as Discipline</b></div>
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Discipline in management is one kind of knowledge that is connected to the study of principles and basic management administration. It specifies certain rules or code of conduct that should be followed by the manager. Actually, we can say management is like discipline. It is very necessary for achieving goals by management.</div>
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The feature and characteristics of management reflect from the discussion of above. Management is a process that gives ensure the proper using of human resources and other resources. Everywhere or in every circumstance, the feature of management remains the same.</div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-7980762015964651292016-03-13T00:42:00.001-08:002016-03-23T11:30:08.945-07:007 Functions of Management<b><span style="font-size: x-large;"><i>F</i></span>unctions of <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a>:</b> The tasks which are taken to achieve organizational goal is called management. But what are in management functions we need to know. L. A. Allen said that, "Management is what a manager does." But what functions are operated by a manager?<br />
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Generally, the tasks such as planning, organizing, leading, controlling are done by a manager. So, we've got some tasks list which are done by a manager which are called as management functions.<br />
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To know well about management we need to know well about managerial functions. <br />
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Mainly, there are four functions in management. but, we can elaborate the functions into more sections. A manager need to operate various functions to acquire organizational goal.<br />
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Below, we'll discuss all of functions of management. <br />
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<b>01. <a href="http://bconsi.blogspot.com/2016/02/definition-of-business-plan.html">Planning</a></b><br />
Planning is a management process. It is the first step of management function. Planning is how to do a work, when have to do this work, who will do this work and by whom will do this work. Planning means the process of achieving goals, development and establishment. Planning means deciding how best to achieve goals, profit and applying best strategies. <br />
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<b>02. Organizing</b><br />
Organizing is the second function of management. it follows the planning. Organizing is a management process that refers to the relationship between people,work and resources that is used to achieve goals. In organizing system top management first fixes the common objective, way and resources. In organizing the manager make different kind of department and mixed all the department for better work. <br />
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<b>03. Staffing</b><br />
After the organizing, the function of management is staffing. Employee are the most important resource of any <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>. The right staff is very important for a company because he can change and ensure the organization future success. Staffing is like a function or term that refers recruitment, selection, acquiring, training, appraising employees.<br />
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<b>04. Directing</b><br />
Directing is a process in which the managers instruct, guide and overview the performance of the workers of a company to achieve goals. Directing is a very hard and heart task of management process. it the function of Staffing. Planning, organizing, staffing have not any place if direction function does not play its role properly.<br />
Directing is a continuous process that run its function at top level and flows to the bottom with organizational hierarchy. <br />
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<b>05. <a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html">Motivating</a></b><br />
Planning has been established and organization has begun now the motivation is necessary to carry out the whole work. In management motivation refers ways in which managers promote the productivity in their employees. Motivating is a manager's job to motivate employees to do their jobs well and fell to perform well with happiness.<br />
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<b>06. Co-ordination</b><br />
In organization, different types of work are performed by various departments and no single department or group can not achieve the goals if they doesn't work as a whole. Co-ordination is ensures the unity of action among individuals, department and groups in carrying out the different tasks as to achieve the organizational goals properly. The coordinating is only applies to groups efforts but there is no need it when only individual is working.<br />
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<b>07. Controlling</b><br />
Controlling is the last step in the management functions process. This process is simply steps of manager to determine whether organizational goals have been met. Controlling is a continuous and forward looking process which is the standard of measurement of a company or organization. There is a close link in planning and controlling in management function process.<br />
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A manager requires to do prediction, taking decision, determining controlling area etc various type of functions along with regular functions which are discussed above. In one word, all the tasks are completed by the manager to achieve goal are the functions of management. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-28613368608932914532016-03-12T08:53:00.000-08:002016-03-23T11:30:25.415-07:00Objective Of Management<span style="font-size: x-large;"><i><b>E</b></i></span>very human life has a goal. They build their family, <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>, <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>, social organization for achieving this goal. To be successful in your business or organization you will need to have an objective or you will need to set an objective. For achieving your objectives, the management is very important. <br />
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If you can’t well defined your objective, you will not be able to achieve your goal. <br />
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<a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> is a human activity and it must have aims and objectives.<br />
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A business man has aim at maximizing its profit through better serving the customers. Making profit is the objective of the business.<br />
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In objectives of management, there are goals, definiteness and direction. We can say from manager’s point of view, objectives are the values which are to be achieved by giving proper service or better products.<br />
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For achieving the objectives, it is essential to know the types of objectives in management.<br />
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<u><b>Classification of Management Objectives</b></u><br />
Objectives of management may be classified as under Two…<br />
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<b>Primary Objectives</b><br />
Primary objectives are very important for a business. Without primary objective a business or organization can not run their business or can not stay in business market for long time. The objectives are..<br />
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<b>1. Earning Profit:</b> Earning profit is one of the best objectives of every organization. Actually, this objective is the main objective. Every other works is done because of achieving this object.<br />
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<b>2. Welfare of Owner:</b> Management is doing only the work that will be helpful for the owners of the company. When management take a decision, the first think is that is it will be helpful for the owners of the company?<br />
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<b>3. Welfare of Employee:</b> As a business, you have to provide various benefits for better result from your employees. You have to ensure your employees welfare. If your employees will remain good, they will serve good to your company.<br />
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<b>Secondary Objectives</b><br />
Earning profit is not the main object. For implementing this object others, related objectives have to achieve. The secondary objectives are…<br />
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<b>1. Maximum Utilization of Elements:</b> Management is always remaining careful about how to use proper utilization of resources and how to maximum utilization of elements those are use in business materials.<br />
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<b>2. Development of Relation:</b> One of the best jobs for management is to ensure the good relation between workers and owners. If the workers get the proper facilities by the owners, they will be able to give the best result to the company.<br />
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<b>3. Increasing Productivity: </b>By proper utilization of elements or resources, the management always tries to increasing productivity to the company.<br />
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<b>4. Development of Quality of Production:</b> It is not enough to a company, which will only product goods. Management works here to development of quality of production.<br />
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<b>5. Innovation:</b> The demand and interest of consumer’s is always changeable. For this reason, a company must be continuing research and innovation of products for dealing with competition. <br />
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Proper utilization of different types of resources and elements the management objectives are expressed. So, The objective of management are to make welfare to the society.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-5752688616741664232016-03-11T08:42:00.002-08:002016-03-23T11:30:40.995-07:00Scope of Management<b>This Article is also applicable for:</b><br />
<ul>
<li><i><b>Fields of <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management </a></b></i></li>
</ul>
<br />
<span style="font-size: x-large;"><i><b>A</b></i></span>t the beginning of the human civilization there was not good management system like European Union or a corporation like Microsoft or an inter-governmental alliance. But in that time people also used to run in groups, determined goals, take decisions and after all these activities have in today's management system.<br />
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In primitive societies everyone had to do physical labor for doing any work. Sometimes they did not bear their physical labor. To escape this burden, they were going into kings or religions person. But now civilize urban societies are more specialized. By improving management created new vocational alternatives to manual labor.<br />
So, the necessity of management and the scope of management is increasing day by day.<br />
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Now I will show and discuss from different prospective different about the scope of management:<br />
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<u><b>(A) Scope on the basis of <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a></b></u> <br />
Management plays important roles in family, societies and achieving organizations goal. In family, societies, business, polities, different kinds of organization a active role is available of management. <br />
How will finish the work of a member of a family? Management is thought that. <br />
Again, in large organization planning, direction, leadership etc job are done in always or regular basis.<br />
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<u><b>(B) Functional Scope</b></u> <br />
In <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> or in company understanding functional scope is very important. In functional scope there is the elements is per-determined, directing, organizing, motivating and controlling. <br />
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<u><b>(C) Scope of Organizational Levels</b></u><br />
Management programs or organizational levels are divided into three levels, such as 1.High Level, 2. Medium Level, 3. Low Level.<br />
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<b><i>1. Top-Level Management:</i></b> At this management level policy, planning etc were taken by the top level manager. In this stage normally remain board of directors, managing directors, chairman and the owners of the company.<br />
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<b><i>2. Mid-level Management:</i></b> Following of top-level instruction, policy and planning is the main function functions of Mid-level management. In this level remain divisional manager, so-manager and middle- manager. <br />
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<i><b>3. Lower Level Management:</b></i> In this stage or in the lower level management consists of the Foremen and the Supervisors. They are selected for doing work properly by the middle level management. Sometimes it is also called First Line Management.<br />
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<u><b>(D) Scope Related To The Field or Division</b></u><br />
For doing work properly the works are divided by some department, sub-division and units. Such as...<br />
<i><b>1. Production Management:</b></i> It refers to the management principles to the function of production, decision of production, selecting products in a factory. Moreover, production management involves management of planning, organizing, directing and controlling the production process.<br />
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<i><b>2. Purchase Management:</b></i> In a business, it is one of the most critical functions as to organize the purchase system. There are lot of things have to do in purchase department such as, to provide an uninterrupted flaw of materials for company operations, to make profit form purchasing etc. <br />
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<i><b>3. Marketing Management:</b></i> <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">Marketing</a> management is a very difficult task for company. It is play a role that helps a company to identify potential sources successfully products for the marketplace and then promote them for large selling.<br />
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<i><b>4. Personnel Management:</b></i> Personnel management includes the function of employment selection, appointment, training, development and compensation. These functions are performed in consultation with other departments by the personnel management.<br />
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<i><b>5. Financial Management:</b></i> Running business may be challenging for you. There are many things to consider that help to run your business smoothly. In financial management make decisions to investment in fixed assets or in current assets.<br />
Financial management is very important scope of management. <br />
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<i><b>6. Office Management:</b></i> Office management is an essential part of general management. Office management is the functions of planning, organizing, consulting and controlling of office work, duty and their performing. These functions a company have to do to achieve the per-determined objectives of this company.<br />
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<u><b>(E) Strategic Scope of Management</b></u><br />
For achieving better performance, a company has to apply different types of strategies. Strategic management is a continuous process of the business and industries in which the organization fixes goals to meet all present competitors and researches about them. In this scope refers to process of collecting and providing information for strategic purposes. It helps in analyzing all factors that influencing an organization.<br />
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<u><b>(F) Scope From The View Point of Necessity</b></u><br />
These scope is understanding some kind of helping process that make easy to company to perform better. For doing this company divided different kind of department, sub-division, unite and regions.<br />
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Today we are in the modern era and we apply modern management strategies. Now management is applying all kinds of work in business and in organizations.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-54619534355540048642016-02-03T22:02:00.002-08:002016-03-23T11:30:44.351-07:00Definition of Business Plan<i><b><span style="font-size: x-large;">T</span></b></i>he business plan has a long-term view of the business and its environment. A good plan should emphasis the strength and recognize the weaknesses of the proposed venture. Above all, it should convey a sincerity of purpose and analysis which lends credibility both to the plan and to the entrepreneur putting it forward.<br />
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For an existing <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>, this process involves first coming to term with the personal objectives of the owner/manager, and second, coming to terms with the strength and weakness of the existing business and the opportunity and threats that if faces.<br />
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A business plan is the written document that details the proposed venture. It must illustrate current status, expected needs and projected result of the new business. Every aspects of the venture needs to be described; the project, <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a>, research and development, manufacturing, <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a>, critical risks, financing and milestones or a timetable. A description of all of these facets of the proposed venture is necessary to demonstrate a clear picture of what that venture is, where it is projected to go and how the entrepreneur proposes it will get there. The business plan is the entrepreneur's road map for a successful enterprise.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGmcWyqytSwMYuHZiR5E6pCtc6H1rGw-JVEWGvRX_EIGqxZGDlKemvgN9rYd3-PJpZGemzQc0B3MpU0B48Li4dq9LEMcJlcEHC7nkqLMagR_77BJt8Z-cmxPOxygRMToVvEIAC4tthSTBr/s1600/Business-Plans-12.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Business Plan" border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGmcWyqytSwMYuHZiR5E6pCtc6H1rGw-JVEWGvRX_EIGqxZGDlKemvgN9rYd3-PJpZGemzQc0B3MpU0B48Li4dq9LEMcJlcEHC7nkqLMagR_77BJt8Z-cmxPOxygRMToVvEIAC4tthSTBr/s400/Business-Plans-12.jpg" title="Business Plan" width="400" /></a></div>
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In some professional areas the business plan is referred to as a venture plan, a loan proposal or an investment prospectus. Whatever the name, the business plan is the minimum document required by any financial source. The business plan allows the entrepreneur entrance into the investment process. Although, it should be used as working document once the venture is established, the major thrust of the business plan is to encapsulate the strategic development of the project in a comprehensive document of outside investors to read and understand.<br />
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The business plan describes to investors and financial sources all of the events that may affect the proposed venture. Details are needed for various projected actions of the venture, with associated revenues and cost outlined. It is vital the assumptions on which the plan is based are explicitly stated. For example, increase/decrease in the market or upswings/downswings in the economy during the start-up period of the new venture should be stated.<br />
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The emphasis of the business plan always should be the final implementation of the venture. In other words, it's not just the writing of an effective plan that is important bu also the translation of that plan into a successful enterprise. These fall into two parts: first a statement is needed describing the business. This sounds too simple, but it is needed if a business is to marshal its strengths and not waste its efforts going into areas where it has no experience. The statement should not be too restrictive to prevent development or so broad as to be meaningless. Second, a qualified primary long-term objective is needed which reflects what is wanted by the owner/manager and what business can achieve, given the prospects for the environment it finds itself in.<br />
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So, a business plan is not only an effective one but also a guideline for establishing an enterprise. And it has a lot of impacts on the path of success for an entrepreneur.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-29855143514303575972015-12-12T23:04:00.002-08:002016-03-23T11:28:39.496-07:00Definition Of Auditing<i><span style="font-family: Verdana,sans-serif;"><b><span style="font-size: x-large;">T</span></b></span></i>he present era is the era of <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> explosion. <a href="http://bconsi.blogspot.com/2015/08/accounting-is-language-of-business.html">The language of business is accounting</a>. Day by day business is going to be complex and therefore accounting activities is becoming complex too. Auditing helps us to get the accuracy & reliability of accounting data. <br />
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Actually, Auditing is greatly required to establish reliability and determining the accuracy of accounting related activities in the case of complexity of accounting field of modern business.<br />
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Generally, a person reserves limited knowledge. If a business owner has no accounting knowledge or if a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> becomes large in size...there is required to employ third party for keeping accounting books. Auditing has been grown in order to justify and get accuracy of that accounting book maintaining by third party.<br />
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The word "Auditing" has been derived from the Latin word "Audire". The Latin word "Audire" means "To listen". For this, The word "Auditing" means "To listen".<br />
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In the ancient era, Business owner justified his accounting book recorded by his employees. He employed an experienced and non-partial person who listened accounting books records from the mouth of the accountant. The experienced person justified the accuracy of prepared accounting books by listening. Thus, The word "Auditing" come into light.<br />
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Some experts define auditing as...<br />
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<blockquote>
<b>A. W Hanson</b> said that <i>"An audit in an examination of such records of establish their reliability and the reliability of statements drawn from there."</i><br />
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<b>Mautz</b> stated as <i>"Auditing is concerned with the verification of accounting data for determining the accuracy and reliability of accounting statements and reports."</i><br />
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<b>R. R. Comber</b> said that <i>"Audit is an independent examination of the financial books & records of some, person or persons responsible or accountable to a third party with a view of verifying the accountancy of statement prepared by or for the accounting party."</i></blockquote>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidEWexeS36hWbJ6JBPwaUY4USt3J0ZuCTYJ6MItKFTzxpEzX86cetMmnK_LumKn3hxuvn4TB2EA4c2rl80XYYZ89tJuB9CW6MwQ-C9jk9uaMcgf_xiHF75LjgHpQCrwlrrb0m6B2qvDxs4/s1600/Auditing+1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Auditing" border="0" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidEWexeS36hWbJ6JBPwaUY4USt3J0ZuCTYJ6MItKFTzxpEzX86cetMmnK_LumKn3hxuvn4TB2EA4c2rl80XYYZ89tJuB9CW6MwQ-C9jk9uaMcgf_xiHF75LjgHpQCrwlrrb0m6B2qvDxs4/s400/Auditing+1.jpg" title="Auditing" width="400" /></a></div>
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So, auditing is the process by which an experienced & non partial person or party operates an examination of <a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">accounting</a> books carefully prepared by the organization's employees in order to get the accuracy, reliability & flawless in accounting books. Auditor can be appointed internal or external. It depends on the decision of business owner or company board. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-24313928002561332202015-12-03T00:15:00.002-08:002016-03-30T18:10:38.569-07:00Definition Of Marketing Marketing is a such kind of process by which companies create & provide maximum value for customers and ensure customer satisfaction, emphasis on building strong customer relationship in a profitable way.<br />
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Exchanging is a fundamental concept of marketing by which companies create strong relationship with customers. Now-a-days, it is important to build strong customer relationship and customer satisfaction.<br />
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Marketing is leading a major role on adjusting between customer needs & wants, welfare activities for society, earning profit for company & ensuring economic growth for country.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFMU-xPlyXTP_HiaUZSuuTt0Wvc9qxdmKYIf2jmJrv50gzU6DQG8CXwQW1VU7smo3bsB2B6uJipigLJTMpLXPxSjY56-UYeGQ-NO8nCh6pTQKjY60jFbZfjY5zjosAUDnHOBoHyhefj1v5/s1600/intro-marketing.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Introduction To Marketing" border="0" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFMU-xPlyXTP_HiaUZSuuTt0Wvc9qxdmKYIf2jmJrv50gzU6DQG8CXwQW1VU7smo3bsB2B6uJipigLJTMpLXPxSjY56-UYeGQ-NO8nCh6pTQKjY60jFbZfjY5zjosAUDnHOBoHyhefj1v5/s400/intro-marketing.jpg" title="Introduction To Marketing" width="530" /></a></div>
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Some well-known authors define marketing as...<br />
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<b>American Marketing Association</b>, stated as <i>"Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives."</i> <br />
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<b>Philip Kotler & Gary Armstrong</b>, said <i>"Marketing is the process by which companies create value for customers and build strong customer relationships in order to capture value form customers in return." </i><br />
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<b>Bovee, Houston & Thill</b> quotes as <i>"Marketing is the process of developing and exchanging ideas, goods, and services that satisfy customer and organizational needs, using the principles of pricing, promotion and distribution." </i><br />
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<b>William J. Stanton, Michael J. Etzel & Bruce J. Walker</b> said that <i>"Marketing is a total system of business activities designed to plan, price, promote, and distribute want-satisfying products to target markets to achieve organizational objectives."
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From the above discussion and marketing definition from famous marketing authors, we can get the following concerns..<br />
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<li>Marketing creates value for customers.</li>
<li>Marketing ensures customer satisfaction in profitable way.</li>
<li>Marketing creates strong relationship with customer and takes care of such relationship. </li>
<li>All activities of marketing flow with customers. </li>
<li>Goods or services are exchanged by marketing process. </li>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbVRQJNiWQ-6niWatjxKms0x8y9JUnwtWDv4XsoAlOj3WnCYBIOOzNTwklJbWovhcgeuatweIqYkAiwtksPPUMoRLIo4lSsv7oPREnVwAjp_eWBaiKO8M1_RmnBwgZnw-WCCZ4EWYpi7cQ/s1600/Modern+Marketing+Process.bmp" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Modern Marketing Process" border="0" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbVRQJNiWQ-6niWatjxKms0x8y9JUnwtWDv4XsoAlOj3WnCYBIOOzNTwklJbWovhcgeuatweIqYkAiwtksPPUMoRLIo4lSsv7oPREnVwAjp_eWBaiKO8M1_RmnBwgZnw-WCCZ4EWYpi7cQ/s640/Modern+Marketing+Process.bmp" title="Modern Marketing Process" width="550" /></a></div>
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<b>Illustration of image:</b> We see main environmental elements of marketing process from above image. Company provides services to its final consumers by competing with competitors. <br />
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Marketing is a process by which companies try to provide maximum priority to customer satisfaction, customer value, customer relationship & social welfare in order to earn organizational objectives.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-70992844072353054042015-12-01T19:52:00.001-08:002016-03-16T03:50:50.508-07:00What is Management Information System- Definition & Explanation<b>MIS</b> is the short version for <b><a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> Information System</b> or services.
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Management information system, or MIS, broadly refers to a computer or technology based system that provides managers with the different types of tools to organize evaluate and efficiently manage all departments within an organization system.
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In order to provide past, present and possible future information, a management information system can include software that helps in making decision, collect in data resources such as databases, the hardware resources of a system, help for decision support systems, people management system and project management system after all any kind of computerized processes system that enable the department to run efficiently or successfully their <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>.
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQi3zFejDeSDAKJeI95Vkyvp95Vs1ta8YA9Cq_GFZbmRzYBNjwHMrIaE4bFuikbPChKg7yxBCFYh4frDbqnOmQkDRS4kLOdaqJc7jVXOKzuZuTBafROIG2KdxQDhrqIqcpBz6Sr_S3AinR/s1600/Management-Information-Systems-MIS.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Management Information System" border="0" height="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQi3zFejDeSDAKJeI95Vkyvp95Vs1ta8YA9Cq_GFZbmRzYBNjwHMrIaE4bFuikbPChKg7yxBCFYh4frDbqnOmQkDRS4kLOdaqJc7jVXOKzuZuTBafROIG2KdxQDhrqIqcpBz6Sr_S3AinR/s400/Management-Information-Systems-MIS.jpg" title="Management Information System" width="400" /></a></div>
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You record an information and this information has not any kind of purpose, in such concern, actually this information is valueless. Therefore, you have to understand properly the management information system.
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-42283094876051568962015-10-25T00:08:00.000-07:002015-10-25T00:08:04.403-07:0010 Important Role Of Bank & BankingThere are a lots of important of Bank and Banking. For smooth financial condition in a country, Bank play a major role.<br />
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Bank is an institution that reserve, transit, transfer of money and increase the mobility of business by giving loan. So, for achieving success in economic, social and business, it is essential requirements that bank have to need. Ten reasons are given down…..<br />
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<b>1. Bank Saves Your Money Continuously.
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Without money no one will respect you. Money also helps you in need. So, saving money is necessary for you. Bank do this work very faithfully. You can keep money on bank for savings without any fear. If you want to save money on bank continuously, you have to open a bank account. In this deposit account you can save money.<br />
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<b>2. Bank Supplies Necessary Money for Different Types of Business and Institutions.
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Different types of manufacturer company, business institutions are starting their business by taking loan from bank. Bank supplies necessary money for different types of business and institutions for increasing the development of a country. If you want to start a business you also can loan from bank. And bank will loan you with low rate of interest.
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<b>3. Bank Saves Money with High Security.
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Do you feel insecurity about your savings money? Bank gives proper security for savings money, parts, several types of wealth, and your faith for their commitment. Actually, hackers accessed its computer network and stole names and street addresses of millions of its clients. This is intrusion. Thus they stole more money. Some banks are give you much security in this case. You have to trust to bank by thinking the good history of bank.
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<b>4. Bank Transfers the Money of Customer from one Place to another.
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There are lot of system of transferring money like transfer money between your accounts, send money to another person, transfer to another bank or bank to bank transfer, recurring transfer and last technology money transferring system is mobile banking or mobile to mobile transfer money. Actually, estimating the easiest and safest system to transfer money can be tough. I think online and mobile apps banking is the best. Because online banking has different types easiest ways like PayPal, square cash, google wallet, transfer-wise, ACH transfer, wire transfer(if available).
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<b>5. Bank Create Medium of Exchange.
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Money is a special type of asset in an economy that people generally use to purchase goods and services from other people or businesses. A medium of exchange is like something that buyers will exchange with a dealer when they actually need to purchase goods or services from the dealer. While many other things could be used like a medium of exchange in an economy of any country, money is not only common but also a useful medium of exchange in our society.
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<b>6. Online Banking Facilities.
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Have your Bank at your finger-tips, even when you are in the movement with Online Banking giving you the access to your account at all times. If you have an account, you are eligible to apply for this facility. Online banking facilities giving by lot of financial institutions have many looks and many potential in general, but also have a few that are application specific.
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<b>7. By Adopting Different Strategy Bank Create Loan Deposit from Financial Transitions.
</b><br />
Do you know that banks create deposits in the process of lending. Actually, the conventional description of the banking states that deposits normally create loans. The other description is that the opposite that is loans create deposits. In the real factor liabilities create assets, whereas in the monetary sector, assets create liabilities. The reserve requirement of central bank normally affects the banks’ deposit inter mediation and checks bank leverage system.
<br />
<b><br /></b>
<b>8. Mobile Banking has Made Easy of Activities of Banking.
</b><br />
Mobile banking offers many advantages to the customers such as best security, easy access, easy withdraw or send and helpful application for smart phone for easy banking. Actually, the biggest benefit of mobile banking is that you can control with more security of your money. We don't have always internet connection to our but we have always mobile network. Mobile banking is simply need mobile network. So, mobile banking has easy access, good security, no fees, banking activities done quickly and it has easy access system to go to your account.
<br />
<br />
<b>9. Bank Gives Different Types of Necessaries Consultancy to Business and Industry Organization.
</b><br />
Advice for starting a business or different types of business news is given by bank to the customers or business and industry institutions. The bank is inspiring to them for taking the risk for starting a business. Bank gives to take risk, find address, rent a building and after all kinds of information.
<br />
<b><br /></b>
<b>10. Bank Creates Employment Opportunities for You.
</b><br />
Bank has lot of activities and it is done by lot of people. For running a bank smoothly a bank need skilled banker. Actually, a banker is the people of a country. So, bank needs people and country people need job. That's how bank creates job opportunity for people.
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDRHuRvhv8XMlYlGLo4Kizux8pvDJMOQNm2wmrp8XfwSdWAAv_hkBcDmZxi700otGlovxouSvvH_ayQhGix8ddlCWnHZPs43AnbSycXw2pk13D8ewiTk4Wkq_pB412jlT_tHE4IUaioT5f/s1600/banks.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="258" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDRHuRvhv8XMlYlGLo4Kizux8pvDJMOQNm2wmrp8XfwSdWAAv_hkBcDmZxi700otGlovxouSvvH_ayQhGix8ddlCWnHZPs43AnbSycXw2pk13D8ewiTk4Wkq_pB412jlT_tHE4IUaioT5f/s400/banks.jpg" width="400" /></a></div>
<br />
Finally it can be said that, Bank achieves its goal by ensuring proper customers services. So, in this situation we can say that Bank is waiting for you to giving you more facilities to become your life beautiful. Don’t wait more time, go to Bank, create an account and save your money for the future.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-48693570987760448252015-08-24T22:32:00.001-07:002015-08-24T22:32:33.219-07:00Accounting Is The Language Of Business<a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">Accounting</a> is called as the language of business. To analysis whether accounting is a language of business or not, we need to know what is the language first. According to the definition of grammar, which word or words are pronounced by human to narrates emotions and conditions of mind is called language.<br />
<a name='more'></a><br />
By the definition of language, we can ask a question that is ....<br />
<br />
What are Human focusing by the word or words are pronounced by themselves?<br />
<br />
The answer maybe "to narrates emotions and conditions of mind". Right?<br />
<br />
By the above discussion, we can ask that "what are accounting focusing for a business? <br />
<br />
To get the answer, we need to focus on the <a href="http://bconsi.blogspot.com/2015/08/functions-of-accounting.html">functions of accounting</a>. The answer of that question can as like as...<br />
<br />
<ul>
<li>1. Why does A transaction happened?</li>
<li>2. What is the result of it?</li>
<li>3. By this transaction, what effect has been on the organization. </li>
<li>4. By preparing final account, what can be known.</li>
<li>5. By analyzing balance sheet, A businessman can illustrated the real situation of his business.</li>
</ul>
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgG2kbzA9432iE9AMr085Oy8We3GYeMSfBpQBO7mL6UmdZu8dzfrtzEAO1Bs79yhDM5EtJoSjdue6NSEj6UspCRWVrcWxNO5bsXSMDQjYIqIKk1tn4wSLjM_Fjtf3nURn5cmoZ-IgAWzNtd/s1600/accounting+is+the+language+of+business.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="323" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgG2kbzA9432iE9AMr085Oy8We3GYeMSfBpQBO7mL6UmdZu8dzfrtzEAO1Bs79yhDM5EtJoSjdue6NSEj6UspCRWVrcWxNO5bsXSMDQjYIqIKk1tn4wSLjM_Fjtf3nURn5cmoZ-IgAWzNtd/s400/accounting+is+the+language+of+business.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Accounting is the language of business.</td></tr>
</tbody></table>
<br />
Accounting make balance sheet at the end of accounting period by using ledger accounts. Before making balance sheet it organizes all the ledger entries into trial balance so that the mathematical purity can be justified.<br />
<br />
However, From the balance sheet we can know that.....<br />
<br />
<div align="center">
<table>
<tbody>
<tr><td><b>Firstly</b><br />
<hr />
</td><td>amount of liability and assets of business.<br />
<hr />
</td></tr>
<tr><td><b>Secondly </b><br />
<hr />
<b> </b></td><td>Measurement of business risk.<br />
<hr />
</td></tr>
<tr><td><b>Thirdly</b><br />
<hr />
</td><td>Ability of paying liability from assets.<br />
<hr />
</td></tr>
<tr><td><b>Fourthly</b><br />
<hr />
</td><td>Ensuring all parties benefits.<br />
<hr />
</td></tr>
<tr><td><b>Fifthly</b><br />
<hr />
</td><td>Measurement of retained earning profit.<br />
<hr />
</td></tr>
</tbody></table>
</div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDwLM1TspJLQpBAejHokiFfvKS-mOMT5_zrqzMmuwLktFTkVo6WPVEzrrpQ2ZFnk3LlEl2W4nq0NFFNx82gXGrmQh6g-Ptf0muaTlzfv39YX9ifCOBqLk_NUNRyOPHlnFVUTeykOfPUBnN/s1600/financial-accounting.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="277" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDwLM1TspJLQpBAejHokiFfvKS-mOMT5_zrqzMmuwLktFTkVo6WPVEzrrpQ2ZFnk3LlEl2W4nq0NFFNx82gXGrmQh6g-Ptf0muaTlzfv39YX9ifCOBqLk_NUNRyOPHlnFVUTeykOfPUBnN/s400/financial-accounting.jpg" width="400" /></a></div>
<br />
From the above discussion, it has been proven that by accounting, a businessman can know the real condition of his business. Shareholders and other related parties of business can get the actual scenario of business. For this reason, accounting is called as the language of business. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-63399911207926233492015-08-17T23:48:00.000-07:002015-08-17T23:51:10.618-07:00Functions of AccountingFor every business concern, accounting is so important. Without proper accounting application, no business or organization can run long. Thus, importance of accounting functions are well known to the owner of an organization.<br />
<a name='more'></a><br />
After a specified period, every owner party wants to know the financial condition of organization. For this reason, it is the duty of bookkeeper or accountant to prepare financial statements from the transactions of the organization whether it is a profit or non profit organization. <a href="http://bconsi.blogspot.com/2015/08/what-is-accounting-definition-meaning.html">Accounting</a> operates below functions to supply such information to the relevant users of accounting information.<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg90iAaXLCGYHb3VOMFilGbSjSHdeZc3HFFtLUvlE2tEpNNVKYyn4V-tsL6wU9Ue8BXM3A8lAMwPnES3j229sGW4uoMwCUbWMGlEOf4CtAWEe3EW8gUi5SAblHsJDPmjFhboQ4dbs7zkqCD/s1600/accounting-01.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Accounting" border="0" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg90iAaXLCGYHb3VOMFilGbSjSHdeZc3HFFtLUvlE2tEpNNVKYyn4V-tsL6wU9Ue8BXM3A8lAMwPnES3j229sGW4uoMwCUbWMGlEOf4CtAWEe3EW8gUi5SAblHsJDPmjFhboQ4dbs7zkqCD/s400/accounting-01.jpg" title="Accounting" width="400" /></a></div>
<br />
<b>1. Recording Transactions</b><br />
In business, after occurring any transaction with the date and analyzing debit & credit is recorded into account book. It is recorded into the primary book of accounting named Journal book. This is the first task of book keeper. By this, the accounting cycle starts.<br />
<br />
<b>2. Classification</b><br />
Recorded transactions in journal book are transferred to ledger book by classification with different heading. For this reason, every account balance can be found from the ledger book.<br />
<br />
Ledger book is called as the principle book of accounting. On the other hand, from this book, we can prepare financial statements too. Leger books are processed to fix recording of transactions.<br />
<br />
<b>3. Trial Balance</b><br />
Accountant prepares trial balance to analyze mathematical purity by the general ledger accounts. Basically, it is a list of debit and credit accounts balance of all the ledger entries. If the both balances(debit & credit balance) are become similar by number, then there is no error in the accounting books. Because, From trial balance, accounting department makes financial statements.<br />
<br />
<b>4. Financial Statement Preparing</b><br />
Preparing financial statement is the main task of accounting. Basically, all the tasks are done in the accounting cycle to prepare financial statement. That's why it is so important. By the analysis of financial statements, it can be found that how much profits or losses the company trends in this period. Besides, financial conditions of an organization can be found from the financial statements.<br />
<br />
<b>5. Analyzing of Financial Information</b><br />
From financial statement, we get financial information. Analyzing of this financial information is just another important task of the accountant. Financial information analyzing let us to know the different ratios of different concept of business.<br />
<br />
<br />
<b>6. Financial Information Presentation</b><br />
Accounting completes all of its tasks in order to supply financial information to its users. For this when all the financial statements are prepared, these are supplied to its internal and external users.<br />
<br />
<b>7. Financial Planning</b><br />
Accounting analyzes financial information of the organization. By those information, management can plan for the future. Thus, accounting helps in financial planning by its functions.<br />
<br />
<b>8. Budgeting</b><br />
Fixing the cost for a project is called as budget. This is a function of accounting too. Accounting measures such cost in order to help the management.<br />
<br />
Accounting functions are to record transactions and operate the business smoothly. Besides this, accounting helps management too. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-74087429325915617092015-08-17T00:04:00.000-07:002015-08-17T00:04:24.570-07:00What is Accounting- Definition & MeaningThe meaning of the word "Account" is correct and valid information
about a concern and "science" means special knowledge. For this, the
word "Accounting" means science of financial information. So, we can say
that Accounting is an information system.<br />
<a name='more'></a><br />
Accounting
is an information system which is a systematic and comprehensive way of
identifying financial data, recording into accounting book, summarizing
and finally creates and supply financial statements to its users. <br />
<br />
By
following which rules-regulation and strategies a person or a
organization does the following tasks such as identifying of financial
events, recording in account book, classification and after financial
period, makes account statement such as income statement, balance sheet
etc and provides those information to its users can be define as
Accounting.<br />
<b><br /></b>
<b>American Certified Public Accounting
Institute</b>-defines accounting as... <br />
<blockquote>
"Accounting is the art of recording,
classifying, and summarizing in a significant manner and in terms of
money, transactions and events which are in part at least of a financial
character and interpreting the results there of"</blockquote>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhidap8S97Q60pHIqG4SAjbAQMKLQiV6ujezL_ChZlIWjOtuAKKBToOCr0evOfEyZ6_VzMOs9VHjaxoj3y_HYoq31z4Kun_XhvmLVFx8HjwTUXWBMF9TprpKKvzvrEOTZ_ojlbI0pdw4zL0/s1600/accounting.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhidap8S97Q60pHIqG4SAjbAQMKLQiV6ujezL_ChZlIWjOtuAKKBToOCr0evOfEyZ6_VzMOs9VHjaxoj3y_HYoq31z4Kun_XhvmLVFx8HjwTUXWBMF9TprpKKvzvrEOTZ_ojlbI0pdw4zL0/s400/accounting.png" width="400" /></a></div>
<br />
<b>Characteristics of Accounting:</b><br />
<ol>
<li>It identifies financial events or data.</li>
<li>It records those data in financial books which is called journal book.</li>
<li>It summarizing financial data by transferring data from journal book to ledger book.</li>
<li>It creates trial-balance before making income statement and balance sheet. </li>
<li>It creates income statement which reflects the income and expenditure situations.</li>
<li>It provides balance sheet by showing assets and liabilities after an accounting period.</li>
</ol>
<br />
At
the concluded point, it can be said that By studying of which subject
helps to identify and record financial data for an business and non
business concerns or <a href="http://bconsi.blogspot.com/2014/02/introduction-to-managing-small-business.html">small business</a> and large business concern, classify and show financial condition can be called
accounting. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-79928167810830267402014-02-15T11:29:00.000-08:002014-06-22T11:34:51.882-07:00Definition of Premium in InsuranceAn amount of money has to be paid regularly to the insurance
company by an insurance holder for insured life risk. Insurance premium means
annual payment made by a person to an insurance company.<br />
<a name='more'></a><br />
Generally
premium means the extra payment to buy a share. This word mostly use in the
share market where shareholder can sell or buy a share. If the shareholder buy
a share with the extra money and face value of it, then that’s the extra money
is called the premium.
<br />
<br />
But in the
insurance point of view of premium refers the different meaning. Premium means
that type of money that an insurance company takes from the insurance holder by
promising that he must fulfill the losses if occurred in the insured product.
If this premium is paid more than one than its called installment. For the
contract of the life insurance, insurance holder has to pay his installment to
the insurer in different period of time. In this type of proposed insurance,
insurance holder must pay money for insured his life by the installment. This
installment is called the premium of the life insurance. Actually premium is
just the purchasing price of the insurance.
<br />
<br />
<div style="border: 10px ridge #0066FF;">
<blockquote>
<b>P.H.Collin</b> has defined premium as <b>"Insurance premium means annual payment made by a person on a company to an insurance company."
</b><br />
<br />
<b>Oxford Advanced Learners Dictionary</b> quoted premium as <b>"Premium means an amount or money to be paid regularly for an insurance policy."</b></blockquote>
</div>
<br />
Premium is that money for which insurer provides financial security against risk in behalf of the <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> holder. Premium can be paid in one time or several times.<br />
<br />
To know more about premium in insurance or insurance premium, check out: <b><a href="http://bconsi.blogspot.com/2014/02/features-of-premium-in-insurance.html">features of premium in insurance</a></b>. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-13911281082383761772014-02-13T11:32:00.000-08:002014-06-22T11:35:49.662-07:00 Features of Premium in Insurance<a href="http://bconsi.blogspot.com/2014/02/definition-of-premium-in-insurance.html"><i><b>Premium or insurance premium</b></i></a> is that money for which insurer provides financial security against risk in behalf of the <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> holder. Premium can be paid in one time or several times.
The features
of the premium of life insurance are given below:-
<br />
<a name='more'></a><br />
<br />
<b>Proposed
sum insured on the amount of claim:- </b>If the amount of the claim is huge
then the amount of premium is huge. Again if the amount of the claim is small
then the amount of the premium is small. The main feature of the premium is
that the amount of the premium is depending on the amount of the claim.<br />
<br />
<b>Nature and
amount of Risk:-</b> Risk of the life is main factor to calculate the premium.
If the life is risky then the premium is high but if the life is less risky,
then the premium is low.<span style="mso-spacerun: yes;"> </span>It is another
feature of the premium of life insurance.<span style="mso-spacerun: yes;">
</span>The risk of the life is calculated in different ways .As for example:
profession of insured, physical condition and physical structure of insured,
personal and family history of the insured, residence etc.<br />
<br />
<b>Type of
insurance contract and of premium:-</b>For the different kinds of insurance
contract the amount and number of installment are different. Again, for the
different types of premium the installment may be in different period of time.
So the type of insurance contract and of premium is played a vital role in
calculating the rate of installment.<br />
<br />
<span style="mso-spacerun: yes;"></span><b>Management
Expenses:-</b> If the management expenses of the insurance company are cheaper
then the company can give the insurance policy in cheaper premium rate. So the
premium of life insurance also depends in the management expenses of the
insurance company. That is another important feature of the life insurance
premium.<br />
<br />
For a sustainable life insurance, premium is one of the key
factors for ensuring the subject that has been insured by the insurance
company.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-71090190353917567312014-02-08T23:23:00.004-08:002021-01-12T07:51:11.968-08:0010 Symptoms or Characteristics of Frustration<u><span style="font-size: small;">T</span>his article also narrates...</u><br />
<ul>
<li><b>Characteristics of Frustrated Behavior</b></li>
</ul>
<hr /><p>
<b><span style="font-size: x-large;"><i>F</i></span>rustration</b> is a mental condition of a person. </p><p>Usually, a person may face many problems, accidents and obstacles in regular life. For those hindrances, one can be easily frustrated in the path of life. <span></span></p><a name='more'></a><p></p><p>As <a href="http://bconsi.blogspot.com/2013/03/definition-and-meaning-of-frustration.html">frustration</a> is a mental situation of a person, a frustrated person can show different types of abnormal activities. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifrjA6nPrJVOCOSDS50XwypdlkyJSwB9QKShI-D84rQnr3xLlFdPDP8gqUohjCM72etSTBZ2gn8EZlDoGOq3-OPAx_MRKcEs6msdmVZRfWAYteff93x8CubcTxahGq4alQTwAee6rJCemQ/s275/frustration.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Frustration in work" border="0" data-original-height="183" data-original-width="275" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifrjA6nPrJVOCOSDS50XwypdlkyJSwB9QKShI-D84rQnr3xLlFdPDP8gqUohjCM72etSTBZ2gn8EZlDoGOq3-OPAx_MRKcEs6msdmVZRfWAYteff93x8CubcTxahGq4alQTwAee6rJCemQ/w400-h266/frustration.jpg" title="Frustration in work" width="570" /></a></div><br /><p></p><p>Frustration can't be seen. But the behavior of of a frustrated person can be observed. </p><p>By the observation of a frustrated person, the severeness of his frustration can be assumed.<br />
</p><p><br />
<b>01. Indifferent:</b> Indifferent is a great symptom of being frustrated. Mostly, A person who is frustrated can't work with his full attentive mind. </p><p>By the way, the person shows unwillingness of doing every work. </p><p>There is no normal activities like previous in doing daily works. Smile of face is almost gone away.<br />
<br />
<b>02. Destructive:</b> Destructive aptitude or aggression tendency is just another common symptom of frustrated person or frustrated behavior. </p><p>When a person is in frustrated condition, he can act destructive behavior. On the other hand, It is noticeable that if the frustrated person can't attack the responsible individual, He can attack others who are nearby and dependent on him. </p><p>Besides, anger for almost no reason, frequently complain for anything, criticism of management are shown in this types of frustrated behavior.<br />
<br />
<b>03. Regression:</b> Sometimes a frustrated person can act like a child. Regression is just opposite to aggression or destructive behavior. </p><p>All frustrated person do not act same way. One can be destructive and another can be regressive in behavior. Regressive behavior is the behavior of childish and primitive. </p><p>If a person faces frustration, he may show primitive and childish behavior instead of showing constructive tendency.<br />
<br />
<b>04. Projection:</b> Projection narrates the behavior of transferring own guilty to other persons. </p><p>If a person shows this type of frustration behaviors, He usually will not be able to acknowledge own mistakes or guilty. </p><p>The chief point is that such frustrated person never think that he is the main reason for any problem.<br />
<b><br /></b>
<b>Some others symptoms of frustrated behavior:</b> There are some other behavior of frustration or frustrated person which are shown below...<br />
</p><ol>
<li>Abnormal fixation for same work</li>
<li>Resignation any activities specially crowd place</li>
<li>Rationalization for own purpose</li>
<li>Repression and trying to forget past memory of life</li>
<li>Sublimation to get alternative goal achieved instead of main one.</li>
<li>Compromise with the environment</li>
</ol><p>
<br />
As frustration is a mental problem and condition of mind varies person to person, <a href="http://bconsi.blogspot.com/2013/03/sources-of-frustration-types-of-frustration.html">frustrated behavior</a> can be different for different persons. </p><p>However, mostly above symptoms are shown among frustrated person. </p><p>If the management notices above characteristics among its employees, <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> should be careful about the <a href="http://bconsi.blogspot.com/2013/03/sources-of-frustration-types-of-frustration.html">source of frustration</a> and find out the <a href="http://bconsi.blogspot.com/2013/06/general-causes-conditions-of-frustration-in-industry.html">general causes of frustration in the industry</a> and try to remove. Because, productivity of a frustrated person can go lower and it is harmful for <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>. </p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-22241524435725041682014-02-08T05:32:00.002-08:002014-02-08T05:32:40.906-08:00Functions of InsuranceInsurance serves many important functions to help people deal with losses or danger mostly related to financial issues. Some of the <b>most important functions of insurance</b> are discussed in this article.<br />
<a name='more'></a><br /><b>Surety of money:</b> One of the most important and primary functions of insurance is that it provides its clients the surety of payment even though the chances of loss are unpredictable. With better administration and management losses can be lessened drastically. Insurance provides this sense of security to its clients. This gives the clients a better chance to stay free of worry<br /><br /><b>Share the risk:</b> Insurances are great also because they share the risk. When someone faces loss, the more people there are to share it, the less negative impact falls upon each individual. Insurances, by sharing losses, minimize the fatality and maximize financial recovery of their clients. <br /><br /><b>More profit preventing loss:</b> Insurance often works with institutes that help people prevent losses. In this way they work to prevent loss. With lesser loss, savings increases and premium reduces. As premium lessens, business increases and with a lower risk of loss, more business means more profit.<br /><br /><b>Socio- Economic institution:</b> Many people have the idea that insurances are there only to back a person up when they are in financial crisis. But actually insurances also provide capital. It is a kind of social capital. All the money, funds that are collected by insurances is used as investments. And through the profit of them everyone is benefited. This way insurances function as a socioeconomic institution.<br /><br /><b>Boost up the economy:</b> Insurance boosts up economy and infrastructural progress. Insurance ¬saves the people and institutes from massive losses. The whole society is backed up by insurances. And they even get back up when they need it. This way insurance helps the progress of society.<br /><br /><b>Insurance improves the capacity of efficiency:</b> One of the fundamental functions of insurance is to improve the efficiency and help people utilize their skills to the fullest. In order to achieve it one has to be relieved of all the worries and focus on their jobs. But the world is full of trouble and distractions. Insurance help people, works as a protector, always there to make things right when all goes wrong. <br /><br />A people who signed an <a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a> can lead the life straight ahead. Insurance functions to keep all the worries far behind and helps to go ahead. Hope to discuss further more later on.<br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-25357722289503479892014-02-08T05:26:00.002-08:002014-02-08T05:29:03.817-08:00Classification of Marine PerilMarine Peril means the reason behind the loss of a shipment. That means, for which reason the ship has been damaged is called the peril of the ship mishap. The term marine peril is used on <a href="http://bconsi.blogspot.com/2014/02/marin-insurance-classification-of-marin-insurance-policies.html">marine insurance</a>. Marine perils can be divided into two major groups, such as, natural perils and man-made perils. Both of the perils are described below.<br />
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<b>Natural Perils:</b> Natural perils are those in which there is no interference of human being. Rather, it is totally because of any natural calamity or disaster. For example, a ship may be damaged or destroyed because of any sudden storm, thunder, by sinking, by colliding with any unexpected ice burg or by sudden raise in the waves. All these things happen naturally. No human being is responsible for it and no one has any control on it. So, if any damage is occurred to the ship because of these natural calamities, they will be called natural perils.<br />
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<b>Man- made Perils:</b> If any kind of damage is occurred to the ship due to any fault of any man or person, it will be called Man- made peril. There can be different types of perils which is occurred because of men. Some of them are given below.<br />
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<b>Fire:</b> Because of the carelessness of any people, there can be fire on a ship which will affect and harm the people as well as the goods on the ship. That is why; it is called the man- made peril.<br />
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<b>Pirates:</b> There can be found pirates in the ocean who can harm the people and all the things of a ship. This is also made by men. So, it is also called man- made peril.<br />
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<b>Explosion:</b> If there is any explosion because of the irresponsibility of the people of a ship, all the damage that will occur will be called man- made peril.<br />
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There are many more natural and man- made perils which are responsible for any damage or destruction of a ship. The insurer justifies the proper reasons of being damages. So, the <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> holder must know the details of each marine peril.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-80436138784096288232014-02-08T05:21:00.001-08:002014-02-08T05:21:35.144-08:00Marin Insurance and Classification of Marin Insurance Policies<b>Definition of Marin Insurance:</b> Insurance is actually a process that tends to guard your valuable property while you set your mind free from tension and enjoy your time and within the time on accordance to their terms you get the benefit out of it too while they manage your property. One of the most adopted insurance, now a day, is Marine insurance.<br />
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Marine insurance is related to business world; it shields the transport cargo's like shipping business, terminal commerce, transports etc. which are involved in shipping property from certain points to points and places to places. Not only Marine insurance covers them up but also it manages to protect the damage loss. In simple terms the Marine insurance covers these transport sides.<br />
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<b>Terms needed to be familiar with in Marine Insurance:</b> To understand Marine insurance broadly we must know the most relevant terms, to it, Policy, Underwriter and Insured. Where we record the insurance between two or more parties, either it be an instrument or ruling paper, it is called Policy. The simple term Insurer here is replaced by the Underwriter and obviously the term insured means the person or party who is indemnified.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu6QrnWCrkaj88-tqEQO3p7lwcNYYfPRH6DHW-95GECfQv9Vvwo4eeGqPvf5Dn1Bv_lqQ5fihDkOGb_Pb7z7gXzwTyW8__Zv0cOCNwgO9WtKmKeeylRDoOt8Dfo6kXjU8lWJdD5qnTp7LP/s1600/images.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu6QrnWCrkaj88-tqEQO3p7lwcNYYfPRH6DHW-95GECfQv9Vvwo4eeGqPvf5Dn1Bv_lqQ5fihDkOGb_Pb7z7gXzwTyW8__Zv0cOCNwgO9WtKmKeeylRDoOt8Dfo6kXjU8lWJdD5qnTp7LP/s1600/images.jpeg" height="259" width="320" /></a></div>
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<b>Marine Policies or Classification of Marine Policy:</b> According to the state, the policy of the Marine insurance can be classified into six sagas. Which are:<br />
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(i) <u>Time Policy:</u> This covers the loss or the risk for a certain agreed time.<br />
(ii) <u>A Valued Policy:</u> In this part we measure the agreed value of the insured stuff.<br />
(iii) <u>Mixed Policy:</u> This is business, means it refuges trips to certain places within a certain time limit.<br />
(iv) <u>Floating Policy:</u> To its name it really doesn’t deal with floating but narrates the insurance in simple terms and leaves the naming of the property on certain incidents. <br />
(v) <u>Open Policy:</u> Well this has similarity to its name and work, onto this policy the value of the insured property is not defined but is determined when the loss-recovery is under terms.<br />
(vi) <u>Voyage Policy:</u> This has similarity with the Floating policy but it only covers a particular voyage.<br />
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<b>Reinsurance in Marin Insurance:</b> According to this segment when an underwriter is facing loss or damage it can get a part of the reinsurance with another underwriter insurance company. To put it simple it works as a back-up to the underwriter. Also to keep in mind, this does no harm to the original insured because the original one remains distinct. This also puts the insured back as it can never gain access on the reinsurance, for it is not legal for one party to have the two benefits, obviously he didn’t sign for it and he didn’t help the insured in it too.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-5895529758415876822014-02-08T05:14:00.000-08:002014-02-08T05:22:02.043-08:00Essential Elements of Marine Insurance ContractBefore discussing about essential elements of marine insurance, we have to know about <a href="http://bconsi.blogspot.com/2014/02/marin-insurance-classification-of-marin-insurance-policies.html">marine insurance</a>. A contract of marine insurance is such a contract, by which the insurer undertakes the risk as agreed provide financial support against marine losses.<br />
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Therefore, we can say that, a contract of marine insurance extent there by agreed against marine wastes. That is to tell the wastes incident to marine adventure.<br />
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There are some essential elements of marine insurance. Moreover, Marine insurance is a legal contract. For that without general elements, there are some essential elements of marine insurance.<br />
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<b>1. Elements of general contract:</b> In marine insurance contract, there are <a href="http://bconsi.blogspot.com/2014/01/basic-principles-of-general-insurance.html">all elements of general insurance contract</a>. Cause as an arrangement contract it a general contract. Which kinds of contract are including in general contract:<br />
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<b>(a)Two parties:</b> In contract of marine insurance, there are two parties. One party is insurance company and another party is insurance holder.<br />
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<b>(b)Offer and acceptance:</b> Like general contract, an insurance holder offered to insurance company for accept his policy. If a policy is accepted then contract are accomplish.<br />
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<b>(c)Legal Consideration:</b> As natural contract, insurer makes confirmation to insurance holder for deducing risk by money. It is given from insurer to insurance holder.<br />
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<b>(d)Capacity of contract:</b> Both parties should stay capacity of contract.<br />
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<b>(e)Legal object:</b> The contract should be legal contract.<br />
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<b>(f)Green consent:</b> Both parties have to give consent with freedom.<br />
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<b>(g)Certainty:</b> Insurance subject should be certainty.<br />
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<b>(h)Written:</b> Contract must be written.<br />
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<b>2. <a href="http://bconsi.blogspot.com/2014/01/insurable-interest-definition-and-meaning.html">Insurable interest</a>:</b> The insurable interest is the pecuniary interest where by the policy holder is benefited by the existence of the subject matter and is prejudiced by the death or damage of the subject matter. <br />
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<b>3.<a href="http://bconsi.blogspot.com/2014/01/contract-of-insurance-is-a-contract-of-utmost-good-faith.html">Utmost good faith</a>:</b> As the under writer knows nothing and the man who comes to him to ask to insure knows underwriter without being asked of all the material circumstances, this is expressed saying it is a contract of utmost good faith.<br />
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<b>4. Compensation for damage:</b> Insurance is a contract of indemnity under which insurance company agrees to pay a certain sum of money to compensate loss caused the occurrence of uncertain event inconsideration of certain periodical payment premium.<br />
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<b>5. Proximate cause:</b> Some kinds of peril are caused by happened waste that is called proximate.<br />
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<b>6. Proportionate contribution:</b> If any waste is happened which did not count over all, its peril fulfill by proportionately.<br />
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<b>7. Subject matter of insurance:</b> In marine insurance way of ships, ships product, ships rent, etc. are known as a marine insurance subject matter or insurance.<br />
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<b>8. Period: </b>There are two kinds of marine <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a>. one of specific sea journey base and another one is time base.<br />
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<b>9. Warranties:</b> There are some conditions in marine <a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a> such as,<br />
I. ships neutrality<br />
II. journeys time<br />
III. safety time<br />
IV. properties neutrality<br />
V. ability to ships journey<br />
VI. legality of sea journeys <br />
VII. no late journey<br />
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So these are the essential elements of marine insurance that are part of a legal marine insurance. An ideal marine insurance contract should be followed by these elements or must have these elements. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-41779273596408078122014-02-06T22:26:00.001-08:002014-02-08T01:24:01.932-08:00Introduction to Managing Small Business-Small Business Management<b>Small Business Management:</b> Owner-managers hiring professional or highly qualified staff for the firs time are often reluctant to delegate full authority and responsibility to the newcomer(s): having previously been responsible for tasks themselves, they find it difficult to abandon them to others. Equally, new entrants often felt they must demonstrate their expertise by reorganizing the area of the organization for which they have assumed authority. the owner-manager may well take this as implicit criticism of his previous efforts, leading to friction with the new employee. Managing staffs is a vital element of small business. In addition, an entrepreneur must learn <b>how to manage small business well</b>.<br />
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Functional experts are often 'cosmopolitans', whose commitment to there specialist skills may override their commitment to any particular firm. In the extreme case, their current employee is regarded merely as a stepping-stone in their career, to be rejected when further possibilities for career advancement occur elsewhere. Unless the owner-manager can master this new element of personal independence, integrating his linger-standing managers with his new specialists, and coping with the occasional loss of specialists, a quest for growth may be transformed into a battle for survival.<br />
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It has also been suggested that certain kinds of employees, for example highly qualified and professional people will be reluctant to work for small firms as small firms are often unable to offer the rewards and career progression opportunities available in the larger firm. Also, such staff may feel that experience gained with a household name company in industry or commerce will carry more weight when they subsequently offer themselves to other employers. Unfortunately, there is relatively little evidence to indicate the strength of these points but that which is available does support them broadly. One study reported that almost half of the small and medium-sized enterprises in the research sample employed no professionally qualified staff at all. Some respondents also indicated that they were reluctant to encourage managerial staff to develop their skills for fear they would leave and start up their own <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> as competitors. Management by the owner-manager is important because he or she remains more careful than a paid manager. But whether owner or salaried manager, management does the same role without any dispute.<br />
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Management is very important for any <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> whether it is a small business firm or company. Management is that what a manager does. A manager usually gets the things done by others. These 'others' are his employees. If the employees are efficient and reliable, they are said to be good employee.<br />
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Small enterprise can be turned into a big enterprise if the managing of small firm remains in proper and perfect way. Managing small business is as much important as the innovation and introduction of it. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-91262822741480067082014-02-06T02:37:00.000-08:002014-02-06T02:37:03.843-08:00Types of Life Insurance or Classification of Life InsuranceThere are different types of life insurance policies. A person can take a life <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> according to his nature and type of needs. The <a href="http://bconsi.blogspot.com/2014/01/insurable-interest-definition-and-meaning.html">insurable interest</a> of life insurance is different than others. When a person is going to take a life insurance policy, That person should be careful about his needs before completing any <a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a>. Life insurance security comes in several types, and not all policies are a unit created equal, as one may shortly discover. Whereas the profit amount is also an equivalent, the costs, arrangement, durations, etc. vary hugely across the categories of policies.<br />
<a name='more'></a><br /><b>Whole Life Insurance</b><br />It presents guaranteed insurance defense for the entire life of the insured, else renowned as enduring treatment. These policies convey a cash value constituent that augments levy deferred at an agreement ally assured allowance until the agreement is surrendered. The premiums are generally grade for the life of the insured and the death advantage is assured for the insured's lifetime.<br />
<br /><b>Universal Life Insurance</b><br />It renowned as flexible premium or adjustable life is a variation of entire life protection. Like entire life, it is furthermore a permanent policy supplying money’s worth benefits founded on present interest rates. The characteristic that distinguishes this principle from its entire life kin is that the premiums, money standards and grade allowance of the defense can each be modified up or down during the agreement period as the insured's desires change.<br />
<br /><b>Variable Life Insurance</b><br />It is conceived to blend the customary defense and saving features of entire life insurance with the development potential of buying into funds. This kind of principle is comprised of two distinct constituents: the general account and the distinct account. The general account is the book or liability account of the protection provider, and is not assigned to the individual policy. The distinct account is comprised of diverse buying into funds within the insurance company's portfolio, such as an equity fund, a cash market finance, a bond finance, or some combination of these.<br />
<br /><b>Period Life Insurance</b><br />One of the foremost commonly a used value is allowance life depends. Allowance defense can facilitate fight back one's beneficiaries against economic decrease producing from his death; it buys the face allowance of the quality, though exclusively presents defense for a decisive, though affected, allowance of it slow. Allowance principles do not assemble cash standards and moreover the utmost amount time span is sometimes thirty years. The premiums for these forms of values square measure significantly not up with to the fees for entire life. <br />
<br /><u>Period polices can have some variations, including, but not limited to:</u><br />
<br /><b>Annual Renewable and Convertible Term:</b> This principle supplies protection for one year, but permits the insured to improve the principle for successive time span then, but at higher premiums without having to furnish clues of insurability. These principles may also be converted into whole life principles without any additional underwriting. <br /><br /><b>Grade period:</b> This principle has a primary guaranteed premium level for a particular time span, the longer the assurance and the larger the cost to the purchaser. These policies may be renewed after the assurance time span, but the premiums do boost as the insured gets older. <br />
<br /><b>Decreasing period: </b>This principle has a level premium, but the amount of the death benefit declines with time. This is often utilized in conjunction with mortgage debt defense.<br />
<br />Numerous period life protection policies have foremost features that provide additional flexibility for the insured.<br />
<br />When assessing life insurance policies for a person and his family, he should mindfully address the purchase of provisional versus enduring coverage.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-76671579897287739872014-02-06T02:10:00.000-08:002014-02-06T02:10:03.033-08:00Nature or Features of Life InsurancePurchasing insurance is one among the foremost necessary monetary selections shoppers build. Nevertheless they typically understand little or no regarding the features of their plans, so that they fail to require advantage of them.<br />
<br />Here square measure ten of the foremost generally ignored features of insurance plans and why they are necessary to a person as a customer.<br />
<a name='more'></a><br /><b>1. Waiver of premium:</b> This feature gives the premium of a policy if a person turns into seriously sick or disabled.<br />
<b><br />2. Accelerated profit:</b> This feature permits a person to collect money advances against the death profit of that person's policy if he or she is analyzed with a fatal illness. Many folks with this profit utilize the cash to assist get hold of treatment and different expenses after they have solely a brief time to measure.<br />
<br /><b>3. Guaranteed purchase option:</b> With this feature, a person will be able to purchase treatment at selected future dates while not proving he is in physiological state. <br />
<b><br />4. Long-term care riders:</b> Some life artifacts encompass this alternative, which permits a person to utilize the earnings of his principle to give for long-term anxiety in trade for a declined life profit. <br />
<br /><b>5. Spouse or child period riders:</b> Life principles with this feature permit one to purchase time span life protection for his spouse or reliant progeny up to age 26. This choice can be a more reasonable procedure to purchase exposure if one can't give detaches policies. <br />
<br /><b>5. Cash value plans:</b> This kind of policy gives out ahead one's death and accrues worth through his or her lifetime. The person can utilize the money worth as a tax-sheltered asset, as a finance from which he can borrow and utilize to give the policy premiums later.<br />
<b><br />6. Mortgage protection:</b> This feature naturally initiates on term life policies, will give one's mortgage if he dies.<br />
<br /><b>7. Cash withdrawals and borrowings:</b> Numerous widespread and entire life policies allow a person to remove or borrow money by the money worth of the principle as assurance. Interest rates lean to be equitably little. One can furthermore utilize the money worth of his life principle to give his premiums if he requires or yearn to stop giving premiums for a stage of time. The person should give back the loan or his obtain ring will obtain a declined death profit.<br />
<br /><b>8. Survivor support services:</b> Some life principles suggest services that afford target economic and authorized help to beneficiaries.<br />
<br /><b>9. Employee help programs:</b> This feature builds assets accessible to one for problems that can leverage his individual and expert life. Assets are usually free and aid address topics such as matter misuse, marital problems, lawful alarms and foremost life occasions. <br />
<br />Make certain a person has an exact replicate of his insurance policy that he understands where he stays it and that somebody also in the family recognizes where he stays it. One can habitually demand a copy of his policy from his insurance business if he requires it. In supplement, assess one's insurance exposure from time to time to build certain it's suitable for one's period in life.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-67995330448394237042014-02-06T01:54:00.002-08:002021-02-11T05:51:15.748-08:00 Feature or Nature of Fire Insurance with the Short History of Fire Insurance<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Features of Fire Insurance</b></li><li><b>Nature of Fire Insurance</b></li><li><b>Short History of Fire Insurance </b><hr /></li></ul><p></p><p><span style="font-size: x-large;"><i><b>F</b></i></span>ire insurance has not a long record. The actual <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> of fire insurance arrived only after the great fire of London in <i>1666</i>. </p><p>This fire stayed for four days and nights destroy by firing more 436 acres of land and above 13,000 buildings were the mainly terrible fire in the past and powerfully wake up the people to the requirement for a type of guard beside such calamities.<br />
</p><a name='more'></a><div style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiADFSz8lAYFuGL61S76652_eBiUHyU_auiXmvBxGWLK0fv4OthDF8UmrdEyMgvX6C6azv_isnwUKczYochayE2bbg_oPAzzM4DNBza5dRxHD4JHFlkS4r4dzcuw8gKTuz9PLZ2Dm3rLSX/s638/fire+insurance+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="fire insurance" border="0" data-original-height="359" data-original-width="638" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiADFSz8lAYFuGL61S76652_eBiUHyU_auiXmvBxGWLK0fv4OthDF8UmrdEyMgvX6C6azv_isnwUKczYochayE2bbg_oPAzzM4DNBza5dRxHD4JHFlkS4r4dzcuw8gKTuz9PLZ2Dm3rLSX/w400-h225/fire+insurance+3.jpg" title="Fire Insurance" width="570" /></a><br /></div><div>
<br />The major reason of its delay development was sluggish growth of commerce and trade. After a certain time when the commerce and trade ran lofty, fire insurance accepted an actual boost. Formerly there was no origin on which the payment could base.<br />
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There was a little worry which completes an extraordinary progress. Steadily as they increased knowledge the information went on collect and the payment rates turned into further scientific and equitable.<br />
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The results of law court also carried the principles of fire insurance to an ordinary type. With raising experience and competition, the <a href="http://bconsi.blogspot.com/2014/02/definition-of-fire-insurance.html">fire insurance</a> evolve in its current scientific shape. Though, the growth in fire insurance was not as marvelous and clear-cut as was in the holder of life insurance.<br />
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Part 2 of the <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance</a> proceed 1938 characterizes blaze insurance as "the enterprise of effecting, else than accidentally to some other class of protection business, contract of protection against loss by or incidental to blaze or other incident customarily included amidst the dangers insured against in fire protection policies."<br />
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The incident of a blaze will outcome not only in decrease of or damage to material property but also other consequential deficiency such as decrease of output causing decrease of earnings.<br />
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The purpose of fire insurance is to form sensible the monetary decrease endured as results of fire. It’s not operating of fireside insurance to revive the monetary decrease termed the 'fire waste'. Such impairment with the exception of initiating monetary decrease to the homeowners dislocates the monetary activity of the community.<br />
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In spite of maintained efforts made by human ingenuity to accomplish entire mastery of blaze, material property extend to be liable in varying degree to decimation or damage by the escape of blaze from its contract.<br />
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Some of the insurable properties are structures, electric setting up, contents of construction such as machines vegetation and gear accessories, etc. items such as raw materials, items in method, completed items, items in the open or in the building, contents in houses, shops, hotels furniture, fixture and fitting and other movable and immovable properties.<br />
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Fire insurance is a gear to reimburse for the loss producing upon devastation by blaze. So the blaze insurance company moves the problem of fireplace deficiency from their genuine victims over to any or all the constituents of the society.<br />
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It is a cooperative device to share the decline. It relieves the insured from the repugnance of the blaze deficiency to that he's exposing.<br /></div>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-47451598114935477642014-02-05T11:23:00.000-08:002018-09-01T22:02:27.383-07:00Classification of Fire Insurance or Different Fire Insurance PoliciesBy increasing the <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> area and scope unacceptable accident is also increasing. So reducing the risk of assets, fire insurance takes vital roles. For the different kind of risk, <b><a href="http://bconsi.blogspot.com/2014/02/definition-of-fire-insurance.html">fire insurance</a></b> or policy also formed in many ways. The main <b>forms or classification of fire insurance</b> are given below.<br />
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<b>1. Valued policy:-</b> The policy where the assets price are fixed is called valued policy. Generally valuable jewelry, painting, furniture are insured under the valued policy. The main benefits of valued policy is that if the fire hampered a part of the assets then the insurance holder get the full payment of the assets. <br />
<b>2. Undervalue policy:-</b> This policy is the reverse of the valued policy. That means the policy where the assets price are not fixed is called undervalued policy. Here the assets price is valued under the market price of the damaged assets.<br />
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<b>3. Average policy:-</b> The <a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a> where the average policy under the insurance act is followed is called the average policy. The formula of Average policy is:<br />
Insurance Claim= (Sum Insured value of the damaged subject matter)/ Actual value of subject matter insured.<br />
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<b>4. Specific policy:-</b> The <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> where a assets is insured for fixed time and fixed amount of money it’s may call specific policy. In this policy the damages value doesn’t matter, the policy holder gets the fixed amount of money that he contract with the insurer.<br />
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<b>5. Floating policy:-</b> When the product of the insurance holder is in different places but the owner is same, then the policy is taken is called floating policy. The insurer selects the premium of different places of product places product then adding the whole premium and averages this premium.<br />
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<b>6. Declaration policy:-</b> In this policy the insurance holder insure his highest amount of finished goods sold and they have to pay 75% of the premium in advance. Then he has to declare the price of finished goods in every next month.<br />
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<b>7. Adjustable policy:-</b> In this policy the insurance holder have to insured his finished goods in the actual amount of finished goods. The premium is fixed that amount of finished goods and insurance holder has to pay the premium when the contract is formed. If the finished goods amount is increase or decrease the insurance holder must inform the insurer and adjust the premium.<br />
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<b>8. Maximum value with Discount policy:-</b> To reduce the problem of declarable and adjustable policy this kind of insurance policy are formed. In this policy in a year highest amount of finished goods are insured and the premium have to give, after the end of the year because of the increase or decrease of the finished goods insurance holder get the one third of the premium as a discount.<br />
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<b>9. Replacement policy:-</b> In which contract the insurance holder get the replacement amount of money from the insurer if the insured product is damaged fully or partly, this kind of policy called the replacement policy. It is also called the “New lamp for the old policy”.<br />
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<b>10. Loss of profit policy/Consequential loss insurance:-</b> This type of policy of fire insurance formed recently. Businessman fall in loss by the fire accident because of his assets may damage by fire. That is why his business can be stopped. To reduce this kind of loss businessman can insured in an insurance company.<br />
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<b>11. Combined Comprehensive policy:-</b> the policy where all the risk such as: fire, loads hiding, thief, disappointed of the worker, strike etc. are insured by the insurer is called combined comprehensive policy It is also called “all in policy’. Here insurance holder has to pay the large amount of premium.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisAYOgisXk4mQVaE2bsqY0d_Anz037K7tj_FrigpKR62miJrkWV7sbDwm9UoRY9XCE9_ZEEWHKG8KDr755KPiyQ9eQHKbeqKdQvziipDu5tn4pBX_bTOpWTA6llHtd9Y35T2HveT4FYnT0/s1600/Classification+of+Fire+Insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="fire insurance" border="0" data-original-height="225" data-original-width="600" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisAYOgisXk4mQVaE2bsqY0d_Anz037K7tj_FrigpKR62miJrkWV7sbDwm9UoRY9XCE9_ZEEWHKG8KDr755KPiyQ9eQHKbeqKdQvziipDu5tn4pBX_bTOpWTA6llHtd9Y35T2HveT4FYnT0/s400/Classification+of+Fire+Insurance.jpg" title="Fire Insurance" width="400" /></a></div>
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Above fire insurance policies are seen in everywhere. But because of the distance of time and future demand and the character of the firm, new fire policy may comeMohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-74770734037863821312014-02-03T07:55:00.000-08:002018-09-01T22:05:10.335-07:00What is Personal Accident Insurance<b>Personal Accident <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">Insurance</a></b> wrappings your costs from a misfortune with a chunk sum fee, every day or monthly allowance or a fee for loss of life from an accident. Some types of policies supplement a protection program.<br />
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Often, accidental death and dismemberment is a cheap pattern of personal accident insurance. Other types are alike to disability earnings, but they pay a money addition when you have a wound due to an accident. There are several ways to purchase individual misfortune protection. Some principles only pay for exact kinds of accident.<br />
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Just like these days, in early times if a person could not work due to a misfortune, his family would bear. In 1694, Hugh the Elder Chamberlain planned a policy to hide family earnings within the event of a misfortune, and, late within the 1800s, it became a truth. Although they referred to as it misfortune protection, it resembles today’s incapacity financial gain, providing payments to the hurt individual. In 1850, the Franklin Health promise Company of Massachusetts offered the primary policy that engulfed wound from a train or boat misfortune. Today, some protection businesses still supply misfortune policies for misfortunes on transport.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqTH7VJd9GV3ckgNZfFoZxyI3IrcG2qKEJtsCGbWduij2gYRe8XcJ53uNMNJZPTIjEYptAtmln0-0oRhq55Ly3ckfgCbVMMS_kpt3FoZkFt7uf11uFrI09OOqKnC1qbByktbYHHhZb6bo1/s1600/personal-accident-insurance-explained.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Personal Accident Insurance" border="0" data-original-height="831" data-original-width="699" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqTH7VJd9GV3ckgNZfFoZxyI3IrcG2qKEJtsCGbWduij2gYRe8XcJ53uNMNJZPTIjEYptAtmln0-0oRhq55Ly3ckfgCbVMMS_kpt3FoZkFt7uf11uFrI09OOqKnC1qbByktbYHHhZb6bo1/s640/personal-accident-insurance-explained.jpg" title="Personal Accident Insurance" width="537" /></a></div>
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Accident insurance may be unintentional death and dismemberment protection that buys an exact allowance if you die and a lesser allowance if you misplace a limb. It furthermore might include a chunk addition daily fee if you bear injury from an accident. One pattern of accident protection is travelers’ protection and encompasses only accidents from plane smashes. Other principles pay an everyday amount if you obtain wound from an accident. This amount isn't an earnings replacement but a repaired dollar allowance.<br />
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You can buy accident earnings through your group insurance at work. This type of insurance pays for the decrease of life and limb due to a misfortune. Other supplementary kinds of coverage for misfortune protection that encompass an assembly cost are part advantages from borrowing unions, borrowing cards and other financial organizations. Accident insurance furthermore comes in the pattern of individual designs you can buy through work. Assemblies such as high school football teams offer accident insurance. There is selling machinery where a nervous flyer can purchase airline accident insurance.<br />
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Accidental death and dismemberment protection, one pattern of accident protection, is often cheap. There’s a reason for that fact. It doesn't happen as often as death from a sickness. Traveler’s accidental death insurance is furthermore cheap for the same cause. Lump addition payments from a wound, not at work, that determinants you to request medical vigilance and miss work charges more since there’s a higher prospect of that occurring.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-48670536160159453782014-02-01T05:48:00.001-08:002018-09-01T22:13:17.569-07:00Definition of Insurance and Insurance Policy<b>Insurance:</b> The term insurance defines any step or measure taken for security against risks. In general ‘step’ or ‘measure’ refers to a certain amount of money or full recovery from the danger based upon the certain regulations according to the mutual agreement between the insured and the insurer.<br />
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There are various insurances for various fields of risk. As insurance is a system of allotment of risk among the involved persons, the financial risks cover almost every part of human life and their property. from different kinds of insurances, life insurance, <a href="http://bconsi.blogspot.com/2014/02/definition-of-fire-insurance.html">fire insurance</a>, marine insurance are the top leading category. There are some other insurances too such as car insurance, <a href="http://bconsi.blogspot.com/2014/02/what-is-agricultural-insurance-or-crop.html">crop insurance</a>, <a href="http://bconsi.blogspot.com/2014/02/what-is-personal-accident-insurance_3.html">personal accident insurance</a>, health insurance and so on.<br />
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<img alt="Insurance" border="0" data-original-height="550" data-original-width="750" height="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI5Vi9jdL_T432W-fpM1dwaFu9PRLazM-9gxOJinLjpSFkor7GDReqUtQhIxAe52gQkh3bgVmKi280Y0UGx0RIIF1yVDcm5Ckwt7EWZRkQOgTHCphjcW0gC_WyGac6OGkJLfLOdEGgibv4/s400/insurance+defination.jpg" title="Insurance" width="400" /></div>
<b><br /></b> <b><a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">Insurance Contract</a>:</b> The mutual agreement is called the contract on which the insurer ensures the insured to help him/her in order to recover from the loss. An agreement whereby, for definite respect, one party agrees to pay the other for a loss involving a specific matter as an outcome of the amount of chosen risks.<br />
Insurance is the subject that deals with the step prior to the hazard. Insurance doesn’t cause to stop the accident or danger but it can help the insured to recover from it economically. It certainly helps the insured to recover the loss financially or instrumentally. In the insurance market, the insurance companies or the authority form different policies for different issues.<br />
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<b>Insurance Policy:</b> Policy is the basement of the contract. The contract or agreement is signed upon the policy where the losses are listed that is to be compensated by the insurer or the insurance company. The insured or the policyholder pays an exact amount of money to buy the policy and when the policyholder suffers from a list that is listed on the policy, then the insurer or insurance company compensates.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqPA2_0N9XJPASwVEOLnP-8e1Q5QfPaVadE8xxOjYImtGIlW-Hcucbtzj1AnHtwFgTHPfiDLc02WSnX2A2_kN3Kl9jAfFZJ52BUfqzUA3Iwb76ahwXXzBnUnJdOmz3Dvno02y-uwOT57EH/s1600/insurance+policy.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqPA2_0N9XJPASwVEOLnP-8e1Q5QfPaVadE8xxOjYImtGIlW-Hcucbtzj1AnHtwFgTHPfiDLc02WSnX2A2_kN3Kl9jAfFZJ52BUfqzUA3Iwb76ahwXXzBnUnJdOmz3Dvno02y-uwOT57EH/s400/insurance+policy.png" width="560" /></a></div>
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Insurance is a tough business in which different things are needed to be calculated. It is not a new conception. In this hazardous world, it is really good to be insured. The insurer and insurance taker must follow some <a href="http://bconsi.blogspot.com/2014/01/basic-principles-of-general-insurance.html">general principles of insurance</a> such as <a href="http://bconsi.blogspot.com/2014/01/insurable-interest-definition-and-meaning.html">insurable interest</a>, <a href="http://bconsi.blogspot.com/2014/01/contract-of-insurance-is-a-contract-of-utmost-good-faith.html">utmost faith</a> etc.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-20450587784308537322014-02-01T05:32:00.000-08:002018-09-02T21:26:22.206-07:00Definition of Insurance ContractThe mutual agreement is called the <b>insurance Contract</b> on which the insurer ensures the insured to help him/her in order to recover from the loss. An agreement whereby, for definite respect, one party agrees to pay the other for a loss involving a specific matter as an outcome of the amount of chosen risks.<br />
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Insurance contract is one-sided, implicating that simply the insurer can make lawfully enforceable undertakings in the contract. It is not required for the insured to fee the premiums, but if the insured has funded the premiums and followed definite other elementary provisions then the insurer must recompense the profits under the agreement or contract.<br />
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Insurance contract is usually measured contract of connection as the insurer takes up the insurance contract and the insured has no ability to make any physical changes to it. That means the insurer is to bear the burden to keep the contract as promised.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSRFqWHPcKklVG_LJiDp3M8f4HVAvPU47iHnMDjU2P6GW0_a0Tz4bxbk_P3DaGzRvfyHWq_uh7N5IBBViQCN9HkOwI5_iyhgLXzGQJlO5_iObX5wTmKBqA9Z0pGWKz62tKNlUO_-JPR2-I/s1600/Insurance+Contract.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Insurance Contract" border="0" data-original-height="300" data-original-width="820" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSRFqWHPcKklVG_LJiDp3M8f4HVAvPU47iHnMDjU2P6GW0_a0Tz4bxbk_P3DaGzRvfyHWq_uh7N5IBBViQCN9HkOwI5_iyhgLXzGQJlO5_iObX5wTmKBqA9Z0pGWKz62tKNlUO_-JPR2-I/s400/Insurance+Contract.jpg" title="Insurance Contract" width="560" /></a></div>
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In an Insurance contract, the names, addresses are recorded from both the insurance company and the insured or the policy holder. Insurance limit, area covered by the insurance, declaration, conditions, definitions of important terms are parts of an insurance contract.<br />
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Insurance Contract is the proof of that the insurer is promising the insured to compensate if any trouble or financial loss happens to come that is uncertain.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-62359060332798219212014-02-01T01:14:00.000-08:002018-09-02T21:36:58.145-07:00Importance of Crop Insurance or Agricultural Insurance<i><span style="font-size: x-large;"><b>T</b></span></i>he concerns and investments of ranchers need to safeguard by <a href="http://bconsi.blogspot.com/2014/02/what-is-agricultural-insurance-or-crop.html">crop insurance</a>. In countries having multiple risk protection designs, government`s intervention or its support to crop insurance procedures to consider justifiable and inescapable due to market failures.<br />
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Such support give within the type of subsidies on premium to farmers, operational subsidies to non-public insurers to hide a number of the high body prices related to agricultural insurance contract, underwriting and sponsored insurance.<br />
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The procedure of intervention what is more varies from country to country. For demonstration, in Canada, Japan and Philippines the protection schemes square measure functioning below a central government or localized government body; since within the joined States, European nation and Mexico, they're operated below a venture between government and private protection firms with the state presumptuous the role of re-insurer.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4b4R0N_qZmEkB4kLiObzHrWDPMp3SFXicFqrjvHVkm-obECmV77klOIRpgSZD7VLZudeyPcdE8rs9dFa-43WXXASmt55mf-klnjnMZrR1C89kXRA3veJbHxwZ8Suic6E-VG6rVQl_yqtW/s1600/crop+insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Crop Insurance" border="0" data-original-height="400" data-original-width="650" height="245" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4b4R0N_qZmEkB4kLiObzHrWDPMp3SFXicFqrjvHVkm-obECmV77klOIRpgSZD7VLZudeyPcdE8rs9dFa-43WXXASmt55mf-klnjnMZrR1C89kXRA3veJbHxwZ8Suic6E-VG6rVQl_yqtW/s400/crop+insurance.jpg" title="Crop Insurance" width="560" /></a></div>
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Crop insurance is shopping for by agricultural makers, encompassing farmers, ranchers, and others, to defend themselves against either the loss of their crops attributable to natural catastrophes, like hail, drought, and floods, or the loss of financial gain attributable to turns down within the costs of farming product. In spite of such challenges, crop insurance is ingratiating still more essential in developing nation.<br />
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All these events severely have an effect on farmers through decrease in production and ranch earnings, and that they area unit when the command of the ranchers. With the growing exploitation of agriculture, the magnitude of decrease attributable to unfavorable eventualities is increasing. The question is the way to defend farmers by minimizing such deficiency.<br />
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Regardless of technological and economic advancements, the standing of farmers extends to be unstable attributable to natural calamities and worth fluctuations. In some farthest cases, these unfavorable events become one in all the factors resulting in farmer’s suicides that area unit currently presuming grave proportions.<br />
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Agricultural insurance is one procedure by which farmers can stabilize farm earnings and investment and guard against catastrophic effect of losses due to natural hazards or low market prices. Crop insurance not only stabilizes the ranch earnings but furthermore assists the ranchers to start output activity after a awful farming year. It cushions the shock of crop deficiency by supplying farmers with a minimum allowance of defense. It spreads the crop deficiency over space and time and assists ranchers make more investments in agriculture.<br />
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It varieties a major constituent of security snare programs as is practicing in several developed nations just like the North American nation and North American nation furthermore as within the European integration. However, one has to hold in brain that crop insurance could be a part of general risk administration theme. Protection comes towards the tip of risk administration method. Protection is distribution of price of deficiency of number of amidst varied, and cannot forestall loss.<br />
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Distinct businesses are activity protection policies for actual plantings in specific localities. Varied businesses are giving insurance for time of the yearly plantings that solely covers sure as shooting time of the year and plantings. Ideally it's best to induce a crop insurance on annual cornerstone which can offer protection protect all the plantings throughout a year.<br />
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Crop insurance is a significant way to defend little farmers from harm. Insurance designs only expect to work where there are fully operational meteorological services. At the nationwide grade, agricultural extension services are furthermore likely to make a distinction. In short, evolving nations need comprehensive risk decrease packages.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-18149095415226702422014-02-01T01:06:00.001-08:002018-09-02T21:41:45.639-07:00 What is Agricultural Insurance or Crop Insurance<b>Crop insurance</b> or <b>agricultural insurance </b>is obtained by agricultural makers, as well as ranchers at all. To guard themselves against either the loss of their plantings attributable to natural catastrophes, like hail, drought, and floods, or the loss of financial gain attributable to declines within the costs of farming product. The 2 general classes of crop insurance are referring to as <b>crop-yield insurance</b> and <b>crop-revenue insurance</b>.<br />
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<u><b>Crop-yield insurance:</b></u><br />
There are unit 2 main categories of crop-yield insurance:<br />
<b>Crop-hail insurance</b>: Crop-hail insurance is mostly accessible from non-public insurers (in countries with non-public sectors) as a result of hail could be a slim peril that happens during a restricted place and its accumulated losses tend to not overwhelm the capital reserves of personal insurers. In early decennial, crop-hail insurance was accessible to farmers in France and European country. That’s among the earliest kinds of hail insurance from associate reckoner perspective. It’s attainable to implement the hail risk into monetary instruments since the chance is isolating.<br />
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<b>Multi-peril crop insurance (MPCI):</b> Exposure in this kind of insurance is not bounded to just one peril. Generally multi-peril crop insurance suggests hail, extreme rain and drought in a joined package. Occasionally, extra perils such as insect or germs-related diseases are also present. The difficulty with the multi-peril crop insurance is the opportunity of a huge scale occasion. Such an occasion can reason important losses beyond the insurer's monetary ability. To build this group of insurance, the risks are package together in a particular policy; name a multi-peril crop insurance (MPCI) policy. MPCI exposure suggests by an administration insurer and premiums are generally incompletely subsidized by the administration. U.S. Branch of Agriculture knows to realize the original Multi Peril Crop Insurance curriculum in 1938. Federal Crop Insurance Corporation handles this multi-peril insurance curriculum since then. The Risk Management Agency (RMA) is dynamic in scheme the premiums stand on entity peril issues since 1996.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMISNkK_XCKFcadl9bvELWUMBKMQ3WohR0KBIboTHRXqVECjeJXP5K93CzTOuYLx5YTl90U9LzJ5v-7yUXzVMOzYc6sXYjZVoYm2Tm4icb6EbG8mE8Nn8jJNKsWo5Rv5q1-CkCe5bW19wp/s1600/agricultural+insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Agricultural Insurance" border="0" data-original-height="266" data-original-width="400" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMISNkK_XCKFcadl9bvELWUMBKMQ3WohR0KBIboTHRXqVECjeJXP5K93CzTOuYLx5YTl90U9LzJ5v-7yUXzVMOzYc6sXYjZVoYm2Tm4icb6EbG8mE8Nn8jJNKsWo5Rv5q1-CkCe5bW19wp/s400/agricultural+insurance.jpg" title="Agricultural Insurance" width="560" /></a></div>
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<u><b>Crop-revenue insurance:</b></u> Crop-yield period the crop worth provides the crop-revenues. Stand on farmer's revenues, crop-revenue insurance is stand on difference from the mean revenue. RMA utilizes the hopes worth on crop- period’s list in the service trade markets, to establish the worth. Combining the hope worth with farmer's regular production provides the approximation revenue of the farmer. Accessing the hopes market proposes enables revenue security before the crop planted. There is a sole guarantee for a positive figure of cash. The policy gives a guarantee if the mixture of the real defers and the cash agreement worth in the hopes market is less than the assurance. In the United States, the curriculum is identified Crop Revenue Coverage. Crop-revenue insurance wraps the reject in worth that happens during the crop's rising season. It does not wrap refuses that may happen from one rising season to other.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-77659146573022085872014-02-01T00:48:00.001-08:002018-09-16T04:52:00.928-07:00Definition of Fire Insurance<i><b><span style="font-size: x-large;">F</span></b></i>ire insurance is the protection that boasts treatment against impairment or loss due to fire. It is the insurance obtained by proprietor of homes and financial properties to provide reimbursement in case of losses resulting from blaze. Such insurance provide in exchange for the fee of a premium.<br />
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The essential hearth-insurance policy covers losses manufacturing directly from injury or devastation by fire or lighting. The primary technical theme of obtaining capital to reimburse for hearth decrease was developing when the nice hearth of London in 1666, that shock some 13, 000 structures. Within the theme inaugurate the subsequent year by the London merchandiser St. Nicholas baron, very little additions of money were aggregation from several persons, and finance was established for compensation of the deficiency maintained by the number of whose house afterward was destroying by hearth.<br />
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Fire insurance first evolves throughout the late 1600s and increased along with the increase of crowded industrial cities, where little blazes could rapidly disperse and origin comprehensive impairment and destruction. In the large chicory blaze of 1871, depicted here, flames destroy 10 sq km (4 sq mi) of central chicory.<br />
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The first effective fire-insurance business establish in the join States was the Philadelphia assistance for the insurance of houses from loss by blaze. Which is still in procedure? It was coordinating in 1752 by Benjamin Franklin. The use of fire insurance suits well-known through the 19th and 20th centuries.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiv9YZYSpkpnU5eYpJxOzOFfBqavtAqqm1ZFhQanXWwNrpK4Cb8YbCuqvXxsK4QprG859pmOPT81YbhPiZpTRiwwgfKXLfYM5NTk050hHLGXlAVR_b1AuNm23Jd5p4W3cTkdzi5YsPyLdDT/s1600/fire+insurance+and+discuss+the+essentials+of+a+valid+fire+insurance+contract.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Fire Insurance" border="0" height="313" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiv9YZYSpkpnU5eYpJxOzOFfBqavtAqqm1ZFhQanXWwNrpK4Cb8YbCuqvXxsK4QprG859pmOPT81YbhPiZpTRiwwgfKXLfYM5NTk050hHLGXlAVR_b1AuNm23Jd5p4W3cTkdzi5YsPyLdDT/s320/fire+insurance+and+discuss+the+essentials+of+a+valid+fire+insurance+contract.jpg" title="Fire Insurance" width="560" /></a></div>
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The standard insurance policy in the U.S. adopted in New Work State in 1943. It becomes the paradigm of such policies in most different states either through statute or through guideline by state insurance agencies. The ensuing standardization facilitate to scale back legal proceeding on controversial claims by creating the protection treatment a lot of graspable to the client and by simplifying adjustment of losses.<br />
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In the early decade, protection businesses within the U.S. 1st offered, for a further premium, to continue the treatment of blaze protection principles to alternative perils by use of AN endorsement on the principle. By the late Twenties these further perils incorporated into a thus known as expanded treatment endorsement. Extended treatment at this time encompasses the perils of impairment by violent storm, hail, blast, riot, hits, civil commotion, aircraft, vehicles and smoke. The endorsement might also continue additional.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-47827829155515823232014-01-31T02:26:00.000-08:002018-09-16T04:54:37.082-07:00Good Employees are the Most Valuable AssetsEveryone recognizes that good employees are a firm's most valuable assets. Many customers are "turned off" and do not come back to a <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> where employees have been discourteous or incompetent or have given other bad impressions.<br />
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It is often said that a retailer can lose establish customers with much more easily than he or she can gain new ones. Customers are the life blood of any business, as such their continued patronage is essential to the firm's profit objectives.<br />
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Good employees can do much to ensure this objectives. Even those in contract with customer contribute much to keeping the entire organization efficient and able to render proper service. Firm also should be ensured its employee's positive <a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">job satisfaction</a>.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9d8_JHENZKCL5I1dG1ggJEFbLlTjmn-xcc6OtI2WRKaKFFvF5op8_Bmjlk2dAmJoPyTIOem1nju9ppevxB9_MvKQFox0EjEdyuFPiXAAiJgwuIVvEk1Xnh1vF3Kz2sZdRBa3of08wYq-O/s1600/good+employee.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Good Employee" border="0" data-original-height="800" data-original-width="622" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9d8_JHENZKCL5I1dG1ggJEFbLlTjmn-xcc6OtI2WRKaKFFvF5op8_Bmjlk2dAmJoPyTIOem1nju9ppevxB9_MvKQFox0EjEdyuFPiXAAiJgwuIVvEk1Xnh1vF3Kz2sZdRBa3of08wYq-O/s320/good+employee.jpg" title="Good Employee" width="560" /></a></div>
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With this in mind, small firm owners should begin their personnel training programs with a review of those things that are important to customers. These personnel programs with a review of those things that are human resource programs that seek to communicate company goals and information to employees. An example is the need for employment. Regular <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> with employees is necessary in these areas.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-80489036513221993972014-01-30T02:35:00.002-08:002020-11-24T08:41:03.550-08:008 Essential Elements of Marine Insurance<i><b><span style="font-size: x-large;">A</span></b></i>s we know Marine Insurance deals with transports, or it’s an insurance related to the transports, voyages, shipping etc. it has certain elements which match up to its features. There are actually 8 main Elements of Marine Insurance Contract, which are:<br />
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<b>1. Features of the Mutual or General Contract</b><br />
(a) <u>Proposal:</u> The broker prepares a proposal form, which in marine insurance is known as a slip, on the acceptance of the terms to ensure it from the owner is the discussion here.<br />
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(b) <u>Acceptance:</u> This settles the original slip to the underwriter or the insurer.<br />
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(c) <u>Consideration:</u> To this, they determine the premium and pay it at the time of their deal.<br />
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(d) <u>The issue of Policy:</u> After these steps, the broker will send a note to its workers where he will talk about the terms and conditions.<br />
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<b>2. <a href="http://bconsi.blogspot.com/2014/01/insurable-interest-definition-and-meaning.html">Insurable Interest</a></b><br />
Well obviously like any other insurance the insured will get the insurable interest according to the contract and this is determined here but only when the loss is according to the deal is insurable, uninsurable facts will not be counted. The forms it can have will vary on ownership and in re-insurance.<br />
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<b>3. Mutual Understanding</b><br />
Mutual understanding is so important for any business deal and for certain the insurance is no different. Therefore the facts of common knowledge, requirements, terms and conditions, rules etc. here are clarified here between the underwriter and the insured.<br />
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<b>4. Indemnity Policy</b><br />
Here the insurer insures the indemnity if the insured cargo, shipping, terminals or whatever transports that are under the circumstance. As to indemnify there will be loss recovery no extra benefit and the insured value will be as exact as it is to be.<br />
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<b>5. Subrogation Policy</b><br />
This has its similarity with the above-mentioned policy. This also certifies that the insured should only get the exact amount of loss recovery no extra benefit and no less or no more than the terms agreed on.<br />
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<b>6. Warranties</b><br />
Warranty is important in any contract. This section allows both parties to word to warranty their following of the terms. It is of two kinds:<br />
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<u>a. Express Warranties:</u> These warranties are expressed in the contract.<br />
<u>b. Implied Warranties: </u>Where there is no implication of these warranties but are clearly or mutually understood and agreed by the parties.<br />
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<b>7. Proximate Cause</b><br />
This is in simple words like a liability. The one who would cause trouble or loss intentionally or on conditions that are not agreed on, he himself would be solemnly responsible for it.<br />
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<b>8. Assignment</b><br />
According to this section, a contract is assignable till then when it is fumed into confusion or the one tricks the other. There is no fixation but it is good to sign as soon as both parties come to a mutual point.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUNTZT5W5RChsNzaRyulyp9nj6xqY5jfNt6l2NWMCl1pY8Pyla2EhA9jK6cF69yGfGk4uP3CSAFWWDpGNMifE-er3wgNRQjJnP2IKLxoSsCPkp9iyLdztjlexZdQ_ijhn02OoAvki8yeO8/s1600/marine+insurance.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Marine Insurance" border="0" data-original-height="479" data-original-width="638" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUNTZT5W5RChsNzaRyulyp9nj6xqY5jfNt6l2NWMCl1pY8Pyla2EhA9jK6cF69yGfGk4uP3CSAFWWDpGNMifE-er3wgNRQjJnP2IKLxoSsCPkp9iyLdztjlexZdQ_ijhn02OoAvki8yeO8/s320/marine+insurance.jpg" title="Marine Insurance" width="560" /></a></div>
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So these are the main elements of Marine Insurance and their features upon which it functions properly. These points can also elaborately be discussed if you find certain interest in the subject or policing insurance.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-76755539822365422012014-01-29T11:30:00.000-08:002018-09-16T23:20:21.146-07:00Basic Principles of Insurance-7 Basic General Insurance PrinciplesEnsuring protection from any financial crisis and keeping guarded from any future uncertainties are the main theme of any insurance which will obviously take place under their terms and conditions agreed with the insurer.<br />
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However these functions run on basing on several principals and as we know “Many men, many minds”, the same can be said about insurances that many kinds of insurances and many principles. Yet we find a few mutual principles among all which count in 7 in number. Which are introduced beneath:-<br />
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<b>A) <a href="http://bconsi.blogspot.com/2014/01/contract-of-insurance-is-a-contract-of-utmost-good-faith.html">Principle of Utmost Good Faith</a>:</b> To its meaning, this principle says that both of the insurer and the insuring guy/members must sign the contract with mutual understanding and with due belief on each other. Which applies that the insurer must protect the property of the insuring and both will oblige all the rules with no temp to fraud on the other?<br />
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<b>b) <a href="http://bconsi.blogspot.com/2014/01/insurable-interest-definition-and-meaning.html">Principle of Insurable Interest</a>:</b> Well, as we see clearly, this principle focuses on the fact that the insuring person gets the proper amount of the money he deserves from the benefit the insurer makes out of the insured thing, which obviously is the term of insurance itself.<br />
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<b>c) Principle of Indemnity:</b> On this principle it is clearly stated that both the parties, which means the insurer and the insuring, are coming on insuring terms for the security and safety of future. It is not a direct business or having or making profit is not the main deal. This is not applicable in the sector of life insurance as no human’s life can be secured for as long as wished and it is not comparable with the whole world’s wealth.<br />
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<b>d) Principle of Contribution:</b> This is the outcome fact of the Indemnity principle. Which means the insuring body can ask for a legit amount of loss-protection when they under the terms face a real trouble which they are promised to be secured from.<br />
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<b>e) Principle of Subrogation:</b> Likewise this is the result of the precious sector. It applies when the insuring body has been given their sum of which they had the deal of, to have when their insured stuff is damaged. And once they get the damaging money the insurer becomes the owner of the property.<br />
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<b>f) Principle of Loss Minimization:</b> According to this, the insured has the responsibility to protect and always try to minimize the loss.<br />
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<b>g) Principle of Nearest Cause:</b> This is the simplest principle to understand. When a harm or an accident happens to the insured stuff, the most acceptable means the nearest cause is taken to term and it is justified that if the insuring body will get what they ask for or not.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxo_w9X3Of5jCFHRj5LSQqKPQGeeQipTn9db3KS-Bg9mJFphaRcqsHq-EM5INPBKsPXL-bgEZ25DVS4ysdCB0g5QTn03MHRqsLxLX91cnk0SFfFMkPjvx4Gs66n6wTW4Km2UQ8qa-on9dH/s1600/Insruance+Principles.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Principles of Insurance" border="0" data-original-height="342" data-original-width="600" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxo_w9X3Of5jCFHRj5LSQqKPQGeeQipTn9db3KS-Bg9mJFphaRcqsHq-EM5INPBKsPXL-bgEZ25DVS4ysdCB0g5QTn03MHRqsLxLX91cnk0SFfFMkPjvx4Gs66n6wTW4Km2UQ8qa-on9dH/s320/Insruance+Principles.jpg" title="Principles of Insurance" width="560" /></a></div>
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Different types of insurances are existed in the world. All types of insurances have own principles as own nature. But, all have to maintain some principles which are similar in all insurances policies.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-41481474429039116012014-01-27T14:26:00.001-08:002018-09-16T23:30:34.844-07:00Importance of Life Insurance<i><span style="font-size: x-large;"><b>A</b></span></i> vital part of economic planning is conceiving conditions for your family and loved ones next to your death. Life insurance can guarantee economic security to those who signify the main to you, such as your spouse, young kids and parents. A mindfully performed life insurance principle can help arrange for life's uncertainties and give calm of brain understanding that the future of those who rely on you is protected.<br />
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<b>Life insurance buys for direct expenses:</b> Accounts can start building up very quickly in the happening of a death. Life protection can be utilized to give for immediate costs, such as committal services, disturbed clinic and checkup bills, mortgage expenses, enterprise commitments and meeting school costs for children.<br />
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It's a money asset. Life insurance offers to get access to money to give for grocery bills and other everyday costs. It also assists to protect your land by providing tax-free money to pay land and other requirements.<br />
Your families typical of dwelling can be sustained. With the correct coverage, your family’s daily life and benchmark of living can be maintained, adding much-required normalcy during a hard time.<br />
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<b>You have a large variety of options:</b> There are two vital kinds of life insurance: period life and whole life. Period life principles offer death advantages, so if you pass away, you will get money back, but if you reside past the pre-determined extent of the policy, you obtain no advantages. Whole life is more costly, but these policies are unlimited and also build up a money worth that the policyholder can receive dividends and borrow besides or cash-in upon submitting the policy.<br />
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<b>Modify your policy and treatment:</b> If you've got dependent young children and fogeys to worry for, you'd need a policy that might defend them following death. Naturally, policies square measure opened for the earner of the family; however, a live-at-residence spouse's involvements square measure usually unseen. You would possibly address a policy to wrap childcare, carpooling and residence task prices within the occasion of a live-at-residence spouse's death.<br />
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<b>Adequate treatment makes a distinction:</b> Associate degree old-fashioned law of thumb is that your insurance policy likes 5 to 10 occasions your annual earnings. Nowadays, mentors can appear at the number of dependents you've got, however long they'll be dependent upon you, and also the method of life they anticipate residing once your death. it isn't a straightforward equation. However, in common, you'll need a lot of treatment than a usual set up advised by a boss, that typically totals one or 2 years of your whole wages.<br />
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You can recover your borrowing ranking. A life insurance policy is believed an economic asset and may raise your borrowing tally, which could be useful when endeavouring to get health insurance or a house or enterprise loan.<br />
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<b>Life insurance can be excused from bankruptcy:</b> Mainly life insurance plans will not be manipulated by bankruptcy and will stay intact if you maintain bankruptcy. Although, you'll need to talk with a bankruptcy professional, as every case is exclusive.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZhGCAHiCwptbI2zIe8fB1L542-8jXL5qsZ5NmiU03J0EKAm2-VAcNlki40x3n1iIMsSflq71hpOM0c2W8_J9M8sLoTFbmvmK8Sh4UwkXT2ZQ8gnGdAe6i9TJTmyyAoKpFdULROUiWtJZy/s1600/Life+Insurance.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Life Insurance" border="0" data-original-height="512" data-original-width="1024" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZhGCAHiCwptbI2zIe8fB1L542-8jXL5qsZ5NmiU03J0EKAm2-VAcNlki40x3n1iIMsSflq71hpOM0c2W8_J9M8sLoTFbmvmK8Sh4UwkXT2ZQ8gnGdAe6i9TJTmyyAoKpFdULROUiWtJZy/s320/Life+Insurance.png" title="Life Insurance" width="560" /></a></div>
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Life insurance is not easy merchandise. It's intelligent to chat with an expert who can stroll you through the pros and cons of accessible plans and assist choose the coverage that exertion best for your personal situation, till the future.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-43129431225684723552014-01-16T02:00:00.001-08:002018-08-08T22:38:49.263-07:00Motivation is the Life of ManagementManagement is the combination of some factors like planning, organizing, staffing, motivating and controlling. So motivation is one of the most important parts of management. Basically, motivation is the way to inspire the employees. On the other hand, motivation is related to human behavior that can be fulfilled when a person gets good to behave, attitude and essential basic needs. With this motivation, the employees work freely in the organization.<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEib2RvMXliAbsuCCOvoAli0v16z4QHZU35Josm2d6X58N-H3l6rX6uz7JUwaUSm-r3p27fZX706mj6BNwUg51aQc0xVRvt90cUQbHDxG4wY12QJvxKeCzPFKxEDVyZcPY3YySlJqSPYqFYz/s1600/8788+Forest+Drive+Allen+Park%252C+MI+48101.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="https://bconsi.blogspot.com/2014/01/motivation-is-life-of-management.html" border="0" data-original-height="789" data-original-width="940" height="335" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEib2RvMXliAbsuCCOvoAli0v16z4QHZU35Josm2d6X58N-H3l6rX6uz7JUwaUSm-r3p27fZX706mj6BNwUg51aQc0xVRvt90cUQbHDxG4wY12QJvxKeCzPFKxEDVyZcPY3YySlJqSPYqFYz/s400/8788+Forest+Drive+Allen+Park%252C+MI+48101.png" title="https://bconsi.blogspot.com/2014/01/motivation-is-life-of-management.html" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Management Inspiration</td></tr>
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There are some elements are needed to operate the organization like a man, raw materials, types of equipment, technology, and market etc. Man is the most important and complicated element among them. The authority has to more careful to control the man. Because this is not possible to take the work by giving force. So if the workers do not do their duty willingly it is complicated to reach the goal of the organization.<br />
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The worker’s mentality, working ability, inspiration, will be decreased if they don’t get the motivation. As a result of the production of the organization also decreases. The worker doesn’t follow the authority direction. This is destructive for the organization.<br />
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On the other hand, motivation gives satisfaction to the employees. They always try to fulfill their responsibility and duty. They maintain the rules and regulation of the organization. They follow the authority direction. As a result of the production also increases of the organization. This is created for the organization. So motivation helps to achieve the organization goal.<br />
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At the concluded point, motivation creates effective workers. It inspires the employees to perform their duty. It helps all another part of the management. It also helps to earn the goal of the organization. So we can say that motivation is the life of managementMohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-77422570914141827352014-01-16T01:55:00.000-08:002018-08-08T22:54:19.586-07:00Ways of Motivating Employees in an Organization or Incentives of Motivation<span style="font-size: large;"><b>M</b></span>otivation is an important tool of <a href="http://bconsi.blogspot.com/2016/03/objective-of-management.html">management</a>. It is related to the mentality of the human being. Higher motivation produces higher morale and lower motivation produces lower morale in any job or work. There are some things that motivate the employees. Applying ways of motivation can develop employees motivation and job satisfaction.<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmW9ZMYZ-sFNPZEAjfjpWkDsPmdtazTG6mixBn7L50O26EUwbm51wC3uMLIG-A-JbENe_ClO0Xnr2yb35ywiom3UFqFjxQpjxOb3LgKwZyAHSKBoavzI41dBe0Zhi0YGOPWIwxuYVaGUdc/s1600/The+Motivation.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="https://bconsi.blogspot.com/2014/01/ways-of-motivating-in-an-organization-incentives-of-motivation.html" border="0" data-original-height="789" data-original-width="940" height="335" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmW9ZMYZ-sFNPZEAjfjpWkDsPmdtazTG6mixBn7L50O26EUwbm51wC3uMLIG-A-JbENe_ClO0Xnr2yb35ywiom3UFqFjxQpjxOb3LgKwZyAHSKBoavzI41dBe0Zhi0YGOPWIwxuYVaGUdc/s400/The+Motivation.png" title="https://bconsi.blogspot.com/2014/01/ways-of-motivating-in-an-organization-incentives-of-motivation.html" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Motivation</td></tr>
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<u><b>Financial incentive</b></u></div>
In the industry there is some financial benefit provided to the workers is called financial incentive. These financial incentives create the high-income opportunity for the workers. As a result, they can remove their financial crisis. Now we show the financial incentives below:<br />
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<b>1. Higher Salary</b><br />
The higher salary is the way to motivate the employees. Because of the expectation of getting salary inspires the employees. So it is liable to the authority for providing salary to the employees in proper time.<br />
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<b>2. Profit Sharing Plan</b><br />
Profit sharing plan is the better financial way of motivating the employees. Normally profit gets the higher authority of the organization. But if some profit gives the workers in the organization then they get motivated.<br />
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<b>3. Bonus</b><br />
The bonus is one kind of financial incentives. Usually, the bonus is counted the extra salary of the basic salary. So the expectation of getting extra salary creates inspiration among the employees.<br />
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<b>4. Fringe Benefits</b><br />
There are many kinds of fringe benefits creates inspiration among the employees. Residential facility, communication facility, medical facility, retirement facility are the example of fringe benefits.<br />
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<u><b>Non-financial Incentives</b></u></div>
Financial incentives are not the only way to motivate the employees. There are some non-financial incentives too. Now we show some non-financial incentives below:<br />
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<b>1. Job Security</b><br />
The job is the fundamental necessity for an employer to earn salary and wages. This salary is needed to survive them and support their family. So Job security is the most important factor to the employees as motivation. This makes encouragement among the employees.<br />
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<b>2. Promotion Opportunities</b><br />
Promotion means to work better position than the present position. Beside this promotion is related with the better salary, better working environment, and other extra facilities. So every employee wants promotion opportunities. So it is one of the ways to create motivation among the employees.<br />
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<b>3. Recognition</b><br />
In an organization, there are different worker works in different work. Every worker tries best to complete his responsibility. If he gets recognition for his good responsibility then he will become satisfaction. So recognition of a good job is the crucial way to motivate the employees.<br />
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<b>4. Minimum Supervision</b><br />
If the employees complete their works properly then their mental satisfaction will be increased automatically. But for making this situation the essential factor is effective supervision. So the authority should take effective action and also proper care to the employees. This supervision creates motivation among the employees.<br />
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<b>5. Development of Working Condition</b><br />
If the working condition is not better or suitable for the employees, they will not feel better to work. Working environment usually influences the motivation factor because better environment creates better satisfaction among the employees.<br />
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Some of the most used financial and non-financial incentives or ways of motivation are discussed here which are major things to motivate employees. For getting better output from employees, Management should apply motivation ways continuously observe well the motivation process.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-32450020318312668012014-01-16T01:00:00.000-08:002018-08-08T23:05:57.112-07:00General Causes of Low Motivation among the EmployeesMotivation is the process which inspires the workers in their work and satisfied their needs. In an organization, all worker’s nature is not the same. There are some differences in their expectation. If management fails to motivate them, their output also will be lower for lower motivation. On the other side, <a href="http://bconsi.blogspot.com/2013/07/what-is-relation-between-motivation-and-morale.html">Motivation is also related to morale</a>. Because Lower motivation is a cause for lower morale. For this reason, Management should continue the motivation process.<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQoy5-XCcRdyq9NzFP8r_kNk1XO_tRQO1zgPl_FZQXPC1i596XXnFhLY5btIKj1bV_uG7i8aBliBIqJ3DURH2S1pL4e4JxHjbcAASc53vOFKNAd2lErgt-bSLn9IBXP6pe22JwIgi70ZE4/s1600/Low+Motivation.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="789" data-original-width="940" height="335" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQoy5-XCcRdyq9NzFP8r_kNk1XO_tRQO1zgPl_FZQXPC1i596XXnFhLY5btIKj1bV_uG7i8aBliBIqJ3DURH2S1pL4e4JxHjbcAASc53vOFKNAd2lErgt-bSLn9IBXP6pe22JwIgi70ZE4/s400/Low+Motivation.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Low Motivation Among the Employees</td></tr>
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However, there are some reasons for low motivation among the employees. Authority should be careful about this matter.<br />
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<b>1. Non-clarity of Goals</b><br />
It is possible to earn the organization goal if the goal clearly defined. Because the workers can understand the goal and take their responsibility. But if the goal is not setting the workers cannot take the responsibility. As a result, they feel disappointment in their work.<br />
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<b>2. Lack of <a href="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html">Feedback</a></b><br />
Conversation is necessary for the employees regularly. This conversation inspires the employees. If the workers the workers don’t understand the duty, they can give feedback and authority take proper steps. But if the conversation is not effective then the authority doesn’t take the effective step against feedback.<br />
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<b>3. Minimum Job Training</b><br />
Training is essential for the workers. Training gives him proper direction his duty and responsibility. But if they don’t get the training facility, they don’t get the proper direction. They cannot correction their duty. As a result, they feel displeasure.<br />
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<b>4. Messy Work Areas</b><br />
A good working environment is another important factor for motivation. It must be peaceful. But if the working areas are messy then workers feel displeasure. The workers don’t show respect to the authority. They don’t follow the organizational rules and regulation. As a result, the workers lost their expectation to work in the organization. So the messy work area is a reason for the low motivation of the employees.<br />
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<b>5. Social Facilitation or Distraction</b><br />
If there is a conversation system in the organization between the worker and the authority then the workers can share their opportunities and problem to the authority. As a result, the peaceful employees lost their inspiration to work. They don’t show their success and they feel frustration.<br />
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These are the reasons for low motivation. Such reasons create disappointment among the employees. As a result, they don’t get motivation and their productivity can be hampered. So the authority should take care of this problem and try to motivate the employees to get optimum output from them.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-83179496509011981482014-01-16T00:44:00.001-08:002018-09-23T04:26:21.865-07:00Importance of Motivation for a Business Organization<a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html"><i><b><span style="font-size: x-large;">M</span>otivation</b></i></a> is an important part of management. The success of the organization related to the motivation process. For achieving the organization goal, management needs to work with their employees. They have to make output at optimum dimension from employees. Motivation is a way of making that. Importance of the motivation has been discussed below.<br />
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<b>1. Obtaining <a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">Job Satisfaction</a></b><br />
Job satisfaction is related to the worker's mental satisfaction. Motivation helps employees to get proper satisfaction in their job. Whatever in motivation process financial and non-financial assist provide to the employees. As a result, motivation can obtain employees job satisfaction.<br />
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<b>2. Increase in Productivity</b><br />
Production in an organization depends on the workers' ability and quality. When workers get motivation then they use their most effort in production. They always try to maintain the product quality. So the motivation process increases the organizational productivity.<br />
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<b>3. Increase in Sales and Production</b><br />
Sales and profit in an organization depend on workers of a different department. Mainly the success of the organization depends on its sales of the product. But Sales is adjusted with the worker satisfaction. Motivation process increases in sales and production in an organization.<br />
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<b>4. Change Becomes Possible</b><br />
The present world is the changeable world. Everything eventually is being changed. For this reason, the most important thing is inspiration among the employees. If the employees get proper training and technological benefits then they add new variation in the exits products. So it will be positive for the organization.<br />
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<b>5. Use of Human Resources</b><br />
The most important resources in the organization are the human resource. Because of worker always run the total organization. If the workers are satisfied to work and get many facilities in the organization, they think the organization is their own organization. They always try to improve the organization.<br />
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<b>6. Labour-Management Relations</b><br />
The development of the organization depends on the relationship between labour and management in an organization. If management is cooperative to the employees then the employees get satisfaction and take more responsibility to work carefully. So labour-management relations are essential for the organization.<br />
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<b>7. The decrease in Production Cost</b><br />
Motivation helps to reduce the production cost in the organization. If the workers get motivation, they try to complete their duty carefully. The wrong work, error event can be removed. So it is positive for the organization. As a result, motivation helps to reduce the production cost.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbs8sXYKRC_pXRxbtNzTjo6R1OlLgaoNJ7PMMKW0mvorlPuNo6d5fBYaGnIJYdYhCzE2VtITZMCU8fvC_OTIxe4-AdgZYfoU1RlJQHhIADCBRz2k5-wtlgleOQAnSw4jk9bXDBUaqFWUHZ/s1600/importance-of-motivation.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Motivation" border="0" data-original-height="675" data-original-width="1080" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbs8sXYKRC_pXRxbtNzTjo6R1OlLgaoNJ7PMMKW0mvorlPuNo6d5fBYaGnIJYdYhCzE2VtITZMCU8fvC_OTIxe4-AdgZYfoU1RlJQHhIADCBRz2k5-wtlgleOQAnSw4jk9bXDBUaqFWUHZ/s320/importance-of-motivation.jpg" title="Motivation" width="560" /></a></div>
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The word motivation is small but its meaning and importance are very wide. These points are not enough to say the importance of motivation in the organization. So motivation is reserves very important for an organization.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-65463265190757783982014-01-15T06:12:00.000-08:002014-01-15T06:12:11.633-08:00Nature of Frustration or How Frustration Occurs<a href="http://bconsi.blogspot.com/2013/03/definition-and-meaning-of-frustration.html"><b>Frustration</b></a> is one kind of mental feelings or psychological condition which grows from mental anxiety. Every human has needs or wants. To fulfill such needs or wants, he also feels severe expectation. But there is limited resources to fulfill all of necessities of human. Therefore, We need to apply opportunity cost. However, such limitation produces mental dissatisfaction and failure. And such mental dissatisfaction as well as failure to fulfill necessities turn into frustration.<br />
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Therefore, if there was no severe intention to fulfill necessities along with there was no limitation of resource for such needs, There was no frustration among human being.<br />
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Consequently, Whenever, a person becomes fail to fulfill his necessities or feels obstacles to get targeted goal, Frustration grows in the mind of that person.<br />
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But, If a person is mentally strong to overcome such obstacles in the path of achieving his goal or pass away problems, Then he'll not be frustrated after facing problems too. It is basically result of changing mental behavior.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPPx9acQSajeNGW8kBcRyc5TaTjXdsfWeFMxnwExDw4OJzAeaMzsotL7ljOOnmTk4bMmPAtQ3vHQd9ZyzNB7NEoJDsc1PVHp57Or0rTov2rs6zp5x7h6r0Y5IVIS_6SoQPxXhucdwn5hUW/s1600/frustrated-300x233.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPPx9acQSajeNGW8kBcRyc5TaTjXdsfWeFMxnwExDw4OJzAeaMzsotL7ljOOnmTk4bMmPAtQ3vHQd9ZyzNB7NEoJDsc1PVHp57Or0rTov2rs6zp5x7h6r0Y5IVIS_6SoQPxXhucdwn5hUW/s320/frustrated-300x233.jpg" width="320" /></a></div>
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When there is frustration, there is need enough motivation. <a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html">Motivation</a> may help to remove frustration and feel stamina for work. Because, motivation is used to increase morale. On the other side, positive morale does not give chance to come frustration in the mind of a person. Frustration is very harmful for achieving organizational goal by its employees. If there is no positive <a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">job satisfaction</a> among the employes, The production and other essential outputs will be lower and as a result, achieving goal will face hindrances.<br />
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By the way, A person may feel severe intention to fulfill his necessities. But, If that person has severe intention for overcoming problems and strong mentality for facing such problems, The person will not be frustrated easily rather than becoming more dedicated for working and achieving his goal. Frustration comes only then when a person becomes mentally week.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-72676956415243239112014-01-15T02:53:00.001-08:002014-01-15T12:21:17.790-08:00Study About Business Report-All ArticlesBusiness report is an way of <a href="http://bconsi.blogspot.com/search/label/Business%20Communication">business communication</a> and in deeply <a href="http://bconsi.blogspot.com/2013/06/definition-of-upward-communication.html">upward communication</a>. A report is basically an impersonal presentation of researched information. A fact or event is focused well in a report. Report is widely used in the business concern to understand situation or condition and make proper decision.<br />
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<a href="http://bconsi.blogspot.com/"><b>Business Consi</b></a> has arranged several articles with the topic named Business report for giving you further resources for studying with business report.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html">What is Report</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/definition-of-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMgwgng6wgjOYSI3sBK-qFg3d9V2biPnQAh0okTxQL62iFndhTsWNrDDWoMyf8lPlU54l8cj-2JdFItGzJyckuX1u835AFzifdvALA23JiC9g1wyQajwO3dLbPik8vaqF6GHP3iG9B4Hpp/s200/read-more-button.jpg" height="58" width="200" /></a>For making study with business report, We first need to understand well what is stated as report. This article talks about that.<br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-business-report.html"><b>What is Business Report</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-business-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/definition-of-business-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a>A business report is one kind of report. But all reports are not business report! Because, a report which is used in business purpose may be defined as business report.<br />
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<a href="http://bconsi.blogspot.com/2013/06/size-and-scope-of-business-report.html"><b>Size & Scope of the Report</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/size-and-scope-of-business-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/size-and-scope-of-business-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a></div>
This article discusses about the actual size and scope of a report.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/advantages-of-report-writing.html">Advantages of Report Writing</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/advantages-of-report-writing.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/advantages-of-report-writing.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a>Report writing has several advantages. It presents information and shows a recommendation. Besides,<br />
Advantages of report are many more. This article represents mostly greater advantages of report writing.<br />
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<a href="http://bconsi.blogspot.com/2013/06/characteristics-features-of-good-business-report.html"><b>Essential Characteristics of a Good Report</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/characteristics-features-of-good-business-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/characteristics-features-of-good-business-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a>A good report can be able to fulfill its objectives only. There are several characteristics or features of a good report. <br />
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<a href="http://bconsi.blogspot.com/2013/06/importance-of-report.html"><b>Importance of Report or Purposes of Report</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/importance-of-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/importance-of-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a>How much important is report for a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>? Is it really worthy and essential for <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>? For what purposes is a report prepared?<br />
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<a href="http://bconsi.blogspot.com/2013/06/essential-features-or-qualities-of-good-reporter.html"><br /></a>
<b><a href="http://bconsi.blogspot.com/2013/06/essential-features-or-qualities-of-good-reporter.html">Features of a Good Report Writer</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/essential-features-or-qualities-of-good-reporter.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/essential-features-or-qualities-of-good-reporter.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a>An ideal or good report writer reserves some qualities which encourages a reporter to write a good report.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/elementary-steps-for-drafting-report.html">Steps for Drafting a Report</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/elementary-steps-for-drafting-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/elementary-steps-for-drafting-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a>To draft a report, there are several elementary steps to follow. This article describes the elementary steps for drafting a report.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/classification-of-reports.html">Classification of Report</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/classification-of-reports.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/classification-of-reports.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a></div>
There are different kinds of report. Report can be classified in the basis of usage, presentation and subject of report. <br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-informal-report.html"><b>Definition of Informal Report</b></a><br />
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Informal report, the name speaks about itself! Without following any rules and regulation, such kind of report is prepared. This article defines informal report.<br />
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<b><a href="http://bconsi.blogspot.com/2014/01/usage-of-informal-report.html">Usage of Informal Report</a></b><br />
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<a href="http://bconsi.blogspot.com/2014/01/usage-of-informal-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2014/01/usage-of-informal-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhk437bqcuh20ffXXD654HiWD-pcOMp13s9bVaM-esz8Rwn5OVwBCtGZwO1csnjTH0k4Bz0qUVcTeCwl2c-8k3GqfzCqgaBT41NejWaY_ksSdquMdGQubX547KNRwzyV3KNDCSrrsEVWW1O/s1600/read-more-button.jpg" height="58" width="200" /></a>This article discusses with the usage of informal communication.<br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-market-report-meaning-of-market-report.html"><b>Definition of Market Report</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-market-report-meaning-of-market-report.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/definition-of-market-report-meaning-of-market-report.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9DL3fgtjSPQgi_PSdFFZGKLKtbYImsEqOw3nSrbZJoFv2H5ix_Qp5nHimvs6hMSnsQEk37OMbW41ysgTOxuR3zNJtnC2mc7YBaheNOj3uS92C9vUuFMWglJwO3Xz4uV9pWcWI5NPq2HTu/s200/read-more-button.jpg" height="58" width="200" /></a>Market report is a report which presents information of market condition in terms of product or service. This article defines market report. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-82965206477763163232014-01-14T05:41:00.001-08:002021-02-11T05:37:20.949-08:00Contract of Insurance is a Contract of Utmost Good Faith<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>The Explanation of 'Contract of Insurance is a Contract of Utmost Good Faith'.</b><hr /></li></ul><p><span style="font-size: x-large;"><i><b>C</b></i></span>ontract of utmost good faith is one of those essential elements of <a href="https://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a>, which are legally mandatory for making an insurance contract. </p><p>In case of <a href="https://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance</a> contract, both parties (insurer and policy taker) make a relation of trust, which is settled by terms. Thus, depending on terms and condition, both parties are obligated to maintain trusted behavior to each other. <span></span></p><a name='more'></a><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi73htYXfyyX-ZIQ4mFOffXm9ZzLBU3W_qmFc7ggdiv3ouL2qFijkxTGMBAvhhlg_M1cwTIvPIhD15jd8fLRIVJ2-zhgHshHDifGeb9VJv6-cwc2x2-S50hvzbrrSKMXf3JlvAv6PvadChe/s1600/insurance+contract.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="insurance contract" border="0" data-original-height="1063" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi73htYXfyyX-ZIQ4mFOffXm9ZzLBU3W_qmFc7ggdiv3ouL2qFijkxTGMBAvhhlg_M1cwTIvPIhD15jd8fLRIVJ2-zhgHshHDifGeb9VJv6-cwc2x2-S50hvzbrrSKMXf3JlvAv6PvadChe/w400-h266/insurance+contract.jpg" title="insurance contract" width="570" /></a></div><p>
Trusted behavior means becoming trustworthy to each other. </p><p>More deeply, trusted behavior refers to the condition of delivering all information truthfully related to the insurance contract. </p><p>All necessary information is real provided by both parties related to the insurance contract it is presumed in this contract of utmost good faith. </p><p>Therefore, if a party provides wrong information regarding to the insurance contract and another party is free to deny obeying the contract.</p><p>Thus, the policy holder must describe about his <b><a href="http://bconsi.blogspot.com/2014/01/insurable-interest-definition-and-meaning.html">insurable interest</a></b> on a insured material or life.<br />
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The following quote has been mentioned in <b>Oxford Dictionary of Business</b> <b>“Utmost good faith is the fundamental principle of insurance practice, requiring that a person wishing to take out an insurance cover must provide all the information the insurer needs to calculate the correct <a href="https://bconsi.blogspot.com/2014/02/features-of-premium-in-insurance.html">premium</a> for the risk involved. Nothing must be withheld from the insurers, even if they do not actually ask for the information on an application form.”</b><br />
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The policy taker is obligated for providing all essential information to the insurer. </p><p>If the policy taker hides any information regarding to the insurance contract, the insurer can cancel the contract and deny bearing the risk and therefore that party is free to ignore the contact of indemnity. <br />
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Both parties of an insurance contract should be careful when they are providing information. Otherwise, the contract may be canceled and its objective may go to nullity. </p><p>Therefore, that is why <b>insurance contract is called as the contract of utmost good faith</b>.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-73015478985017940192014-01-14T05:33:00.003-08:002021-01-25T21:21:54.051-08:00Definition and Explanation of Insurable Interest<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Definition of Insurable Interest</b></li><li><b>Explanation of Insurable Interest </b><hr /></li></ul><p></p><p><span style="font-size: x-large;"><i><b>T</b></i></span>he term ‘<b>Insurable Interest</b>’ refers to the interest of an <a href="https://bconsi.blogspot.com/2020/04/what-do-you-mean-by-insurance.html">insurance</a> policy taker on an insured materials or subject. </p><p>Widely speaking, when a policy holder faces losses for absent to a property or subject and when faces profit for existence of that property or subject is called insurable interest. <span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNfmWHGxRiSyaMunVKDPaDwVLZLFvnA6trgxhPC7_0dVuUx7myKyCqsz9AbHdgfo-Nt6sZY7MrZBVPBhxcfSpc_btWL3ope_GuFiB9e6M32QnCReUYJ5IeDMrzaf-D9Hv5S83Kr8h3PJYk/s440/insurable+interest+definition.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Insurable Interest" border="0" data-original-height="220" data-original-width="440" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNfmWHGxRiSyaMunVKDPaDwVLZLFvnA6trgxhPC7_0dVuUx7myKyCqsz9AbHdgfo-Nt6sZY7MrZBVPBhxcfSpc_btWL3ope_GuFiB9e6M32QnCReUYJ5IeDMrzaf-D9Hv5S83Kr8h3PJYk/w400-h200/insurable+interest+definition.jpg" title="Insurable Interest" width="570" /></a></div><p></p><p>The insurable interest terms can applied in two types of insurance in different ways such as for life insurance, it should be applied on their lives on which a person is belonged and for other general insurance(<a href="https://bconsi.blogspot.com/2014/02/definition-of-fire-insurance.html">fire insurance</a>, marine insurance etc.), on the materials which related to the financial condition of an insurance policy holder.<br />
</p><p><br />Insurable interest is a very important condition for the <a href="https://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contract</a> to be done. Because, without having insurable interest on a property or life, No one can complete an insurance policy. </p><p>On the other hand, Insurance is called the <a href="https://bconsi.blogspot.com/2014/01/contract-of-insurance-is-a-contract-of-utmost-good-faith.html">contract of utmost good faith</a>. </p><p>Therefore, all two parties here are believed on that each party will help by providing all information truly and maintaining all conditions to be done for an insurance contract. </p><p>By now, we know that insurable interest is a very vital considerable factor for an <a href="https://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> to be taken and after the duration to be finalized. So It should be ensured first that the policy holder whether has insurable interest or not on the insurance policy’s subject. <br /><br />Nature of insurable interest is different for life insurance and general insurance. <br /><br /><b>For life insurance</b>…<br />1. Own life<br />2. Husband and wife’s mutual life<br />3. Dependent parent’s life of posterity and children of parents<br />4. Account receivable's life of account payable <br /><br /><b>For general insurance</b>…<br />1. Insurable interest can be applied on only landed property on which has<br />
own interest of the policyholder.<br />2. With landed property, policyholder must have financial relation.<br />3. For landed property, policyholder must have valid interest.<br /><br />After analyzing above discussion, it is noticeable that insurable interest is something what should be present on insurance policy. </p><p>If there is existed <b>insurable interest</b>, a person is able to take an insurance policy. Without having insurable interest, none is eligible for taking an insurance policy.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-28133150060591829622014-01-13T10:12:00.002-08:002021-02-27T09:33:17.782-08:009 Ways to Increase Job Satisfaction in the Workplace<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><i><b>How to Increase Job Satisfaction in the Workplace<br /></b></i></li><li><i><b>Ways to Enhance Job Satisfaction</b></i></li><li><i><b>How to Boost Employee Job Satisfaction</b></i></li><li><i><b>Techniques To Improve Job Satisfaction among Employees </b></i><br /></li><hr /></ul><p><span style="font-size: x-large;"><i><b>J</b></i></span>ob satisfaction is related with the intention of the worker to job. Human resource is one of the most valuable elements of an organization. If it is used effectively, then it can help to achieve the organizational goal.<span></span></p><a name='more'></a><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuizVvA4ROgXmFrXqUNGNLjyTwaBONyt96Csb7uWIl6EdY7E6OGx0-7fdCNYCJDkXr9YEc_L6K6JWPY3jfRtVOhoH13mhWAVBxb3kPz0DoHlVIhCJWEZhFB_F2yoLXPhoKZ-fyJ9KHHiik/s690/job+satisfaction+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Increase Job Satisfaction" border="0" data-original-height="577" data-original-width="690" height="335" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuizVvA4ROgXmFrXqUNGNLjyTwaBONyt96Csb7uWIl6EdY7E6OGx0-7fdCNYCJDkXr9YEc_L6K6JWPY3jfRtVOhoH13mhWAVBxb3kPz0DoHlVIhCJWEZhFB_F2yoLXPhoKZ-fyJ9KHHiik/w400-h335/job+satisfaction+3.jpg" title="Increase Job Satisfaction" width="570" /></a></div><p></p><p>There are many ways to enhance <a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">job satisfaction</a>. Now we show the some basic ways to enhance job satisfaction.<br />
</p><p><br /><b>1. Make the job attractive</b><br />To increase job satisfaction the kindly needed factor is job attraction. That means extra facility included in the job. </p><p>When an employees will get extra benefit with basic salary then they will become more satisfy by working in the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>. But monotonous attitude influences among employees when they get as usual facility. They feel boring to work in the organization. </p><p>So job attraction is essential to enhance job satisfaction.<br /><br /><b>2. Developing the working environment</b><br />If the working environment is not better or suitable for the employees, they will not feel better to work. </p><p>Working environment usually influences the job satisfaction because better environment creates better satisfaction among the employees. </p><p>So developing the working environment is the better way to enhance job satisfaction.<br /><br /><b>3. Reasonable wages</b><br />Reasonable wages is another important factor to enhance job satisfaction. Every employee wants their fair pay or wages. That’s why an employee works in the organization. </p><p>Sometime there have some conditions against wages but this is most necessary for employee job satisfaction.<br /><br /><b>4. Job security</b><br />Job is the fundamental necessary for an employee to earn salary and wages. This salary is needed for survive them and support their family. </p><p>So Job security is the most important factor to the employees as job satisfaction. This makes encouragement among the employees. <br /><br /><br /><b>5. Promotion opportunities</b><br />Promotion means to work better position than before position. Beside this promotion is related with better salary, better working environment and other extra facilities. So every employee wants promotion opportunities. </p><p>So it is one of the ways to enhance job satisfaction among the employees.<br /><br /><b>6. Effective supervision</b><br />If the employees complete their works properly then their mental satisfaction will be increased automatically. But for making this situation the essential factor is effective supervision. </p><p>So the authority should take effective action and also proper care to the employees.<br /><br /><b>7. Recognition of good job</b><br />
In an organization there are different worker works in different work. </p><p>Every worker tries best to complete his responsibility. If he gets recognition for his good responsibility then he will become satisfaction. </p><p>So recognition of good job is the crucial way to enhance job satisfaction.<br /><b><br />8. Matching the worker’s with the job</b><br />
Matching the worker’s with the job is the most important matter for job satisfaction. </p><p>Recently different news mentions that workers first essential needed factor is adjust with their job condition. </p><p>On the other hand, the most important factor is training opportunities for the employees. Training made skill employees. So this is the way to enhance job satisfaction.<br /><br /><b>9. Developed communication</b><br />It is possible to earn job satisfaction among employees by developing communication among management with every department employees. </p><p>So employees can easily express their own view, satisfaction and dissatisfaction to the authority. It makes positive mentality among the employees.<br /><br />At last we can say that the above mentioned ways are the basic ways to enhance job satisfaction among the employees. To improve the job satisfaction level, the supervisor authority should emphasis on these ways. <br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-1614988718203778272014-01-13T09:57:00.001-08:002020-11-13T11:52:01.372-08:00Ways to Express the Job Dis-satisfaction of the Employees<p><a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html"><b>Job satisfaction</b></a> is one kind of mental satisfaction of the employees. This satisfaction can be negative or positive. </p><p>If it is positive, it is called positive mental condition of the workers and if it is then it is called negative mental condition of the workers. </p><p>Positive <a href="http://bconsi.blogspot.com/2013/12/importance-and-necessities-of-job-satisfaction.html">job satisfaction is necessary</a> for an organization. </p><p><a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> always want positive job satisfaction due to getting optimum output from employees. Now we show the way to express the job dis-satisfaction of the employees:</p><a name='more'></a><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI3muJROXIKFqote88-ch1ip5RGM7_mxxjgnvtd3vKmpQyh7W5jbyZpXyRbi1OGU2g42npWGbTupjcFRTw533xLftfnsFc90Z8aUSq0Dhvd2RhgjeA_mvIK4ICp6H_MWuNxTKGpN7aLBAo/s523/job+satisfaction+2.jpg" style="margin-left: auto; margin-right: auto;"><img alt="job satisfaction" border="0" data-original-height="267" data-original-width="523" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI3muJROXIKFqote88-ch1ip5RGM7_mxxjgnvtd3vKmpQyh7W5jbyZpXyRbi1OGU2g42npWGbTupjcFRTw533xLftfnsFc90Z8aUSq0Dhvd2RhgjeA_mvIK4ICp6H_MWuNxTKGpN7aLBAo/w400-h204/job+satisfaction+2.jpg" title="Job Satisfaction" width="550" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><i><b>Absence of these properties may lead to job dissatisfaction</b></i><br /></td></tr></tbody></table><div style="text-align: center;"><br /></div><div><b>1. Exiting Organization</b><br />
Exist from the organization is one of the way to express the dis-satisfaction of the employees to their work. <br /><br /></div><div>When they are dissatisfied then they show negative impression for doing their own job. </div><div> </div><div>If they get position in other organization, they will switch their job. So it is one kind of destructive attitude.<br />
<br /><b>2. Strong Voice</b><br />
Strong voice is another way to express the dis-satisfaction of the employees against their authority. </div><div> </div><div>In that situation the workers criticizes about the authority because they can hear their criticism and frustration to do the work.<br />
<br /><b>3. Going Slow</b><br />
This is another easy way to express unhappiness of the employees. </div><div> </div><div>Sometimes the worker doesn’t continue the rules and regulation of the organization. </div><div> </div><div>Totally they are ignoring their own responsibility. </div><div>They try to show negative impression of their work to the authority. </div><div> </div><div>So this is the indirect way to express dis-satisfaction of the employees.<br /><br /><b>4. Obedience</b><br />This is a constructive way to express the displeasure against their working position. </div><div> </div><div>Mainly the workers don’t follow the authority instruction and rules. </div><div>They don’t give any concentration in work. </div><div> </div><div>In this way the workers want to show their need and want to the authority.<br /><br />So these are the way to express dis-satisfaction of the employees in an organization. </div><div> </div><div>Absolutely these create obstacle for the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> development. So the authority should take proper action against these positions.<br /></div>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-64645922853781669242014-01-13T01:58:00.005-08:002021-03-06T06:14:45.836-08:009 Major Steps in Job Satisfaction Survey<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting..</p><ul style="text-align: left;"><li><b>How to Run a Job Satisfaction Survey</b></li><li><b>Key-Point To Operate a Job Satisfaction Survey among the employees<br /></b></li><li><b>Major Steps in Job Satisfaction Survey </b><hr /></li></ul><p><span style="font-size: x-large;"><i><b>J</b></i></span>ob satisfaction survey tell us how the job satisfactory elements are available in our organization. How much our workforce is in satisfaction can be known by the operation of a successful job satisfaction survey. <span></span></p><a name='more'></a><p></p><p><a href="http://bconsi.blogspot.com/2013/12/importance-and-necessities-of-job-satisfaction.html">Importance of job satisfaction for an organization</a> can't be denied at any way. <br />Because, optimum job satisfaction make easy to achieve organization goal. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://bconsi.blogspot.com/2014/01/major-steps-in-job-satisfaction-survey.html" style="margin-left: 1em; margin-right: 1em;"><img alt="Job Survey" border="0" data-original-height="680" data-original-width="980" height="278" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9IFgSDP1f0-9o5EE4XH31nBwhuafQPFAvCdYgkQFEz_kIOh9GIK1VPquwXMmHuYcceC4DhAmuU_toE_g6opjeuIXL6VBDkOqLT0nMg94001WPPLbS311GVjCsMGA2i-nalNRshIbmWSqE/w400-h278/job+satisfaction+survey.png" title="Job Satisfaction Survey" width="570" /></a></div><p><a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html"><b>Job satisfaction</b></a> survey is a continuous process. This is not possible with in a moment. There are some steps have to be followed to make the job satisfaction survey. Now we show some major steps in job <a href="https://bconsi.blogspot.com/2013/06/most-common-indicators-of-job-satisfaction.html">satisfaction</a> survey.<br />
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<b>1. Identifying reason for survey</b><br />
First we have to identify the reason for survey. If we correctly identify the reason of survey then we will be able to achieve the goal.<br />
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<b>2. Obtaining management commitment</b><br />
To complete the survey we have needed some information from the employer. But for this we also have to manage the commitment of the <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a>. </p><p>We have to ensure that the management will give assistance in the survey. Then the employee will give available information in our survey.<br />
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<b>3. Developing survey instrument</b><br />
There are some essential instruments are needed for survey. </p><p>Examples are making question paper, justify the reason etc. </p><p>The success of survey mostly depends on this matter. That’s why survey must be related with the purpose of the organization.<br />
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<b>4. Administering survey</b><br />
In this step we have to make some question that is related with the job satisfaction. </p><p>The survey questions are submitted to the employees at that time also requested to answer the question. Then there are much information is collected from the survey paper.<br />
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<b>5. Tabulating result</b><br />
In this step we have to classify the result. This result depends on the feedback of the question. </p><p>There are lots of information are gathered from question paper then this information are classified according with the rules. If this is not made it will be difficult to submit the survey paper.<br />
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<b>6. Analyzing result</b><br />
This is the most important step of the job satisfaction survey. After making the tabulate result the essential thing is analyzing the result. </p><p>In this stage the information are analyzed according with the different stage. </p><p>There are some statistical method are included in the result to correct the information. This analyzing indicates some positive or negative aspects. </p><p>So it is essential to fulfill the research. So in this stage we can know the how much purpose is fulfilling in the research.<br />
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<b>7. Providing Feedback to participants</b><br />
After analyzing result the essential matter is to provide <a href="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html">feedback</a> to participants. <br />There are many workers are involved in the job satisfaction survey. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://bconsi.blogspot.com/2014/01/major-steps-in-job-satisfaction-survey.html" style="margin-left: 1em; margin-right: 1em;"><img alt="feedback" border="0" data-original-height="481" data-original-width="998" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihLKRyM0uBum6_Y2doo9emHjnBx9HdhO-G3ptR0CkWfSXMQoFNSozRJtOUUd2LX5TBn8KQJE3q7ywiybo7IVwIC73Ywax1_RN0FM-jlVV9ieehsCGHWSE4Bh8Lb6R3W-eWYC21bBLKE5ZG/w400-h193/feedback.jpg" title="Feedback" width="570" /></a></div><p></p><p><br />Every worker explains their own view in the survey. Some give positive information or some give negative information. </p><p>This will depend on own outlook. </p><p>The fairness of the survey depends on the feedback to the participants.<br />
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<b>8. Implementing action plan</b><br />
This is the last step of the job satisfaction survey. The success of the survey depends on this stage. In this step the analyzing paper will submit to the manager in the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>. </p><p>Then according to report the manager will take proper action. So the purpose of the survey will be completed.<br />
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<b>9. Monitoring result</b><br />
After implement action plan survey result monitor by the manager. How the employee feels in working condition and looked upon any trouble among the workers. </p><p>On the other hand these will effective the worker done their job according with their map. </p><p>So all this instruments are properly used in the survey.<br />
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At the conclusion these steps are followed by sequence and continuously. So these are the major steps of the job satisfaction survey or job satisfaction survey procedure.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-68713220196240953722014-01-13T01:27:00.001-08:002014-01-13T01:27:11.418-08:00Motivation Study-All ArticlesFor smooth operation of business functions A business organization needs a good management which is effective to ideal and optimum usage of its human resources technically which need to drive in the path of motivation. By the way, Here we've shown all of our articles with motivation. If you wish, you may study all of these article to enrich your knowledge on motivation.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html">What is Motivation</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1KxQhFpjpOb2c9-TDSuowtHznChjSToqzsHSK67txUdtaGPHJcM3WQM0AYF_8ypVmIBX0XOmsCVGD-GkEmYV1OVa1cJx6drmZXYfrcnRQoafgGYpxEzqZQyCnbKSF7Lh0oQE3KunSckYS/s200/read-more-button.jpg" width="200" /></a></div>
Motivation can't be defined in an one sentence. It is technique by which management operates its employees. Management may do it financially or non financially. <br />
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<b><a href="http://bconsi.blogspot.com/2013/07/what-is-relation-between-motivation-and-morale.html">What is Relation between Morale and Motivation</a></b><br />
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Positive morale is necessary for achieving organizational goal. On the other side, motivation is used for increasing necessary morale.<br />
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<br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-88678482455207431822013-12-16T00:08:00.000-08:002014-01-07T00:08:47.059-08:00Importance and Necessities of Job Satisfaction for an OrganizationEmployee satisfaction or dis-satisfaction is related with organizational development. If the employees are satisfied by working in the organization, it is better for the organization. Employees are the root element of an organization. That's why job satisfaction is a major considerable matter for an organization. Now we're going to discuss about the <b>importance of job-satisfaction</b>.<br />
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<b>1. It provides better working environment</b><br />
Job satisfaction provides better working environment in the organization. Employees can submit their problem to the authority. Then authority takes appropriate actions to solve the problem or discuss with the employee. So the environment is become calm in the organization.<br />
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<b>2. It Gladdens the managers</b><br />
High job satisfaction develops the quality of the employees. They get encourage to perform their own duty and responsibility with more dignity. As a result Managers get proper feedback from the workers and they do good attitude with the workers. So job satisfaction gladdens the managers.<br />
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<b>3. Reduces the Absenteeism</b><br />
Job satisfaction makes positive intention to work of employees in the organization. They become satisfied and feel easy then before in the job. This matter brings eagerness and inspiration among the employees to perform their job. Employees attend in their working place regularly. So it reduces the absenteeism of the employees.<br />
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<b>4. Reduces the labor-turn-over</b><br />
Job satisfaction depends on the employee’s mental satisfaction to his working condition. When employees don’t get facility and opportunity in their work place then they remove their place. This creates negative impact on the organization. But when employees get satisfaction in their work then they want to work as long as possible. So it reduces the labor turn over. <br />
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<b>5. Reduces the industrial dispute</b><br />
In organization the disputes occurred between worker & supervisor, worker & worker or one factory with other factory. This occurrence is called industrial dispute. As a result company faced losses and they cannot continue their productivity in the factories. Job satisfaction reduces the industrial dispute.<br />
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<b>6. It increases the productivity</b><br />
High satisfaction brings high productivity in the organization. When employees get satisfaction and assurance of their job then they do more work than before. They continuously perform their job. So automatically production increases in the organization.<br />
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<b>7. Reduces the accident</b><br />
Every day there are many accidents occurs in the organization. The main reason is for no concentration and feel tiredness among the employees to perform their job. This is negative sign for them. But when they get job satisfaction then they give more concentration on duty. The different accident will be reduces. So job satisfaction progress the organization.<br />
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<b>8. Increases the quality of the products</b><br />
High quality products needed for the success of the organization. When a company gives proper training to employees, they become eager to give full concentration in their work. They maintain the quality of the product and try to increases the quality.<br />
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<b>9. High morale of the worker’s</b><br />
Job satisfaction creates positive morality among the workers. Because this fulfilled employee’s expectation. It develops the workers mental expectation. So it is related with high morale of the worker’s.<br />
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<b>10. Increases the discipline</b><br />
The success of an organization depends on the employee working discipline. Job satisfaction creates discipline among the employees in the organization. So it helps to bring success in the organization.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy4NNkUKLFutHo2Yn39o0OGZ-ElB31ccAL3ngFZMUoGqy8g0zhTqoDTDqosOMjxvuePC-bCFYzDS_6KxFLxwL3jLAtna9xTLIDj7lN4Y7_OogqRZ4xlCyqvVO4n-ZZ8V8ePEak4MgtMSbc/s1600/674114960_1386504393.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy4NNkUKLFutHo2Yn39o0OGZ-ElB31ccAL3ngFZMUoGqy8g0zhTqoDTDqosOMjxvuePC-bCFYzDS_6KxFLxwL3jLAtna9xTLIDj7lN4Y7_OogqRZ4xlCyqvVO4n-ZZ8V8ePEak4MgtMSbc/s1600/674114960_1386504393.jpg" height="256" width="320" /></a></div>
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At last we can say that it is impossible to ignore the importance of job satisfaction. Because it is related with the employees mentality and the organization development.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-66071375848458881002013-12-02T11:41:00.001-08:002021-01-25T21:07:36.274-08:009 Importance of Fire Insurance<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>The Importance of Fire Insurance </b></li><li><b>The Effect of Fire Insurance in Modern Economy </b><br /></li></ul><hr /><p><span style="font-size: x-large;"><i><b>F</b></i></span>ire insurance is essential for <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> because, it helps to protect from the damages which is occurred by the fire. </p><p>For industrial development of a country, fire insurance plays vital role by giving the certainty of paying financially against losses of an <a href="http://bconsi.blogspot.com/2012/09/entrepreneur-meaning-and-definition.html">entrepreneur</a>, businessman or industry-owner for such <a href="http://bconsi.blogspot.com/2014/02/insurance-definition-insurance-policy.html">insurance policy</a> taken by them. <span></span></p><a name='more'></a><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDO6aNIVL_0hcyp9Eq-u4U2-pP7440L3BLJEW9p-i59rOjwh0E6dFp-87DKY9v6Ka84ger2wjAjzCewcULOUQgTEJo_zv2GSDIGRtMKFkGHGaRoyPzAUmy6CgANof7-z_UzP9qefVfsbDg/s2560/fire+insurance+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Fire Insurance" border="0" data-original-height="1655" data-original-width="2560" height="259" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDO6aNIVL_0hcyp9Eq-u4U2-pP7440L3BLJEW9p-i59rOjwh0E6dFp-87DKY9v6Ka84ger2wjAjzCewcULOUQgTEJo_zv2GSDIGRtMKFkGHGaRoyPzAUmy6CgANof7-z_UzP9qefVfsbDg/w400-h259/fire+insurance+2.jpg" title="Fire Insurance" width="570" /></a></div><p></p><p>The main <b>importance of fire insurance</b> are given below.<br /><br /><b>01. Role in Trade and Commerce:</b> <br />For increasing business and trade fire insurance make vital rules. Business man may be fall in loss because of the fire. To maintain or fulfill that losses businessman have to do the fire insurance. </p><p>Because of the fire insurance businessman can continue his business after any losses are occurred for the reason of fire by collecting the money of fire insurance.<br />
<br /><b>02. Role in the Field of Industry:</b> <br />By the fire small or big industry can be fallen. This kind of industry can be protecting by the fire insurance by taking the damage from the insurance company. </p><p>Fire insurance is also important in industrial sector. If any losses occurred by the reason of fire the insurance company fulfill the losses.<br />
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<b>03. Distribution of Risk and Remedies:</b> <br />Insurance Company takes many <a href="http://bconsi.blogspot.com/2014/02/definition-of-insurance-contract.html">insurance contracts</a> from various businessmen for fire insurance but they have to give the demurrage only few businesses where the fire damages the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>. </p><p>The losses which are occurred by fire are distributed among all the contract of the insurance company. The risk is distributed among all. <br />
<br /><b>04. Rehabilitation:</b> <br />Fire insurance rehabilitates the person or businessman who are hampered by the fire. They fulfill their damages by get the money from the insurer. That is why they get the change to carry their business. <br /><b>05. Protection of National resources and reconstruction:</b> <br />For protection of national resources and reconstruction fire insurance take an important rule. The assets which are damage by the fire can be restored or rebuild by taking the money from the insurance company. <br /> <br />
<b>06. Investment:</b> <br />By collecting the premium of <a href="http://bconsi.blogspot.com/2014/02/definition-of-fire-insurance.html"><b>fire insurance</b></a> the insurance company can invest the <a href="https://bconsi.blogspot.com/2014/02/definition-of-premium-in-insurance.html">premium</a> in profitable sector as an investor for their profits. </p><p>They can invest in any sector of business of the country. Because of that investment country’s production and business sector’s speed are increased. <br /><br />
<b>07. Official security:</b> <br />Now a day’s office is so much important for any profitable or nonprofit able organization. In the office the organizations keep their important files, document and assets. If there any fire happens they will be fall in great hamper. </p><p>So they <a href="https://bconsi.blogspot.com/2014/01/contract-of-insurance-is-a-contract-of-utmost-good-faith.html">contract the insurance</a> company against the fire damages. They can fulfill their damages if they fall the losses because of the fire. </p><p>That is why the office is secured against the fire and the loss can collect and keep the office running. <br /> <br /><b>08. Role in personal life:</b> <br />Fire insurance is also necessary for the personal life. It provides demurrage against damages for the building. If any home furnishings are damaged due to the fire like furniture, carpets, clothes, fire insurance cover it . </p><p>Fire insurance also provides the maintenance price for the electronic items, which is hampered due to fireplace, like television, computer, air coolers. <br />
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<b>09. Role in Share Business:</b> <br />When a company fall in the fire then the share value of that company may be fall down. Fire insurance can protect that fallen by giving the damage that are occurred by the fire. It covers the price of share broken due to the fire. <br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHGKOV906Uvp5qqKk8DNQbnxGYFcC06PM1y6I1KGWIAbSvGKJ0xP3Q7o980lBizmSnAojXDX-ATithF-KednMSIBjrxDcMwhK1KF1nODw_T7r4-kdl82lj7LwUPfHMOYg-1OgfLgIZ-4x-/s605/fire+insurance.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Fire Insurance" border="0" data-original-height="333" data-original-width="605" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHGKOV906Uvp5qqKk8DNQbnxGYFcC06PM1y6I1KGWIAbSvGKJ0xP3Q7o980lBizmSnAojXDX-ATithF-KednMSIBjrxDcMwhK1KF1nODw_T7r4-kdl82lj7LwUPfHMOYg-1OgfLgIZ-4x-/w400-h220/fire+insurance.jpg" title="Fire Insurance" width="570" /></a></div><p>From the above discussion, we see that there are a lot of importance of fire insurance for the economy and daily life. Fire insurance gives the financial security for home, home furniture, share, although the hole business sectors. </p><p>There are <a href="http://bconsi.blogspot.com/2014/02/classification-of-fire-insurance-or.html">different fire insurance policies</a>. Fire insurance provides the price of properties and assets, which gets damaged due to the fireplace incident. Fire insurance is important in personal, social and also the national sectors. </p><p>For increasing business and trade fire insurance has a strong positive activities. That is why Fire insurance is called “A handmaid of commerce.”</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-90962548468539741422013-12-02T01:12:00.002-08:002021-01-24T03:42:03.257-08:008 Characteristics or Features of Motivation<p><i><b><span style="font-size: x-large;">Y</span></b></i>ou are getting...</p><ul style="text-align: left;"><li><b>Characteristics of Motivation</b></li><li><b>Features of Motivation </b><hr /></li></ul><p><i><b><span style="font-size: x-large;">M</span></b></i>otivation is a process which related with the workers mental satisfaction. Such <a href="https://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html">motivation</a> can be financially or non-financially. Usually, a motivated person is more productive then a demotivated person.<span></span></p><a name='more'></a>
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However, There are some features of motivation which differs from other <a href="http://bconsi.blogspot.com/2016/03/7-functions-of-management.html">management function</a>. Some important features of motivation are discussed below. <br />
<p></p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzQj1uz4Owi42OA7trZE8I0421l-Jybo9JBzV0M42FMKOcYllMdlyO1pmqSPZg4W8eT5i96wpD2m-Zfk7CfBC30CgAWfZhaaI8kAWjL9hlCOKc8JJFNDWGsmTGIzf4_R2V-8SztmjqT8SZ/s314/Motivation+01.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Motivation" border="0" data-original-height="161" data-original-width="314" height="205" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzQj1uz4Owi42OA7trZE8I0421l-Jybo9JBzV0M42FMKOcYllMdlyO1pmqSPZg4W8eT5i96wpD2m-Zfk7CfBC30CgAWfZhaaI8kAWjL9hlCOKc8JJFNDWGsmTGIzf4_R2V-8SztmjqT8SZ/w400-h205/Motivation+01.jpg" title="Motivation" width="570" /></a><br /><!--more--><p><b><br />1. Man is the Center Point</b><br />
Man is the center point in motivation process. Because of employees is the only one part of the motivation. </p><p>The encouragement and inspiration of workers are depended on the motivation. So it is the most important features of motivation.<br />
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<b>2. Influence on Mind</b><br />
The second important features of motivation are the influence on the worker’s mind. </p><p>Motivation increases the hidden mental talent. It is better for the authority to lead the employees. Employees also get the proper direction and can complete the proper work.<br />
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<b>3. Expression of Result by Behavior</b><br />
Motivation is the forces that energies behavior gives direction to behavior and underlies the tendency to persist. </p><p>The aim of the motivation process is to create a positive emotion among the workers. So motivation is an internal force. <br />
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<b>4. To Motive People</b><br />
One of the important features of motivation is to motivate people. Workers are the main power of the <a href="http://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production </a>process in an organization. The workers have some targets for work in the organization. The main target is to get some facilities. </p><p><a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management </a>try to provide proper facilities to the employees. They become happy and motivated for working hard. <br />
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<b>5. Motivation Doesn’t Always Depends on Money</b><br />
Usually if a person wants to live in a better life, he will need more money. </p><p>But we have to mind it that everything is carried by the money. Motivation doesn’t always depend on the money because it is related with the human mentality. </p><p>The authority good behavior with the employees doesn’t need money. Sometimes the usage of soft voice but talking in a logical sense work better to <a href="https://bconsi.blogspot.com/2014/01/ways-of-motivating-in-an-organization-incentives-of-motivation.html">motivate employees</a> instead of rude language using to work hard. <br /></p><p>So it is totally related with the mental satisfaction. <br />This improves the <a href="http://bconsi.blogspot.com/2013/08/study-about-job-satisfaction-all.html">level of job satisfaction</a> also. <br />
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<b>6. Motivation is the Element of Work Force</b><br />
Motivation is one of the most important elements of work force. It is the main source of work forces. </p><p>Without motivation the workers cannot work properly in the <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>. Proper motivation inspires the employees. <br />
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<b>7. Motivation is the Continuous Process</b><br />
Motivation is a continuous process in <a href="http://bconsi.blogspot.com/2015/12/what-is-management-information-system.html">management system</a>. In an organization always expect that the employees complete their responsibility with inspiration and satisfaction. </p><p>This expectation is not only for a specific time period. If this process stopped then the employees feel dis- satisfaction.<br />
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<b>8. Motivation Creates Desire</b><br />
Desire comes from satisfaction. Every person has some hidden dream and goal. They don’t get opportunity to express their desire. </p><p>Motivation reflects human desires. It helps to express to desire of the employees. So it is a important features of the <a href="https://bconsi.blogspot.com/2013/11/motivation-process-explained.html">motivation process</a>. <br />
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Motivation is a management tool by which management can motivate their employees and get maximum output from them. </p><p>Although motivation process is a continuous process. As we've just shown the features of motivation, It is now easier to guess that lower motivation is harmful for any <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>.<br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-9531289948834079542013-11-19T06:05:00.001-08:002014-01-19T08:26:36.144-08:00What is Oral Communication<b>Oral communication</b> is one of various <a href="http://bconsi.blogspot.com/search/label/Types%20of%20Communication">types of communication</a> which is submitted by the sender through the <b>word of mouth</b>. It gets the shape of speech and listening. It happens by words arranged in meaningful patterns. <br />
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Oral communication happens across <a href="http://bconsi.blogspot.com/2013/02/what-is-meant-by-small-group-communication.html">group discussion</a>, speech, face to face conversation, telephones, and in meetings and conferences.<br />
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Oral communication conveys different types of social and work related news, information and trends to be rather accurate and faster than the most used formal communication channel. So, oral communication refers to the following matters- face to face conversations, conversations over telephone, radio broadcasts, interviews, group discussions, meetings, conferences, seminars and speeches etc. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiWJ_DlJBjECaNgdV1hFnFR1L43hnxtcmWrGa05GhNXlmCHz-05Dk4qYVdPSklyh8MkToqLvxB6ndoU3rGH1XGq7UfiujXss35nmSZmMZ6SHivRt36u_4NMtQ4LhdqLRVmV0Rb7KzfgHAZ/s1600/different+types+of+Oral+communicatin.bmp" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiWJ_DlJBjECaNgdV1hFnFR1L43hnxtcmWrGa05GhNXlmCHz-05Dk4qYVdPSklyh8MkToqLvxB6ndoU3rGH1XGq7UfiujXss35nmSZmMZ6SHivRt36u_4NMtQ4LhdqLRVmV0Rb7KzfgHAZ/s1600/different+types+of+Oral+communicatin.bmp" /></a>Oral communication is used when the faster ways of <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> is needed or need to be deliver information directly. By oral communication, management can spread messages to the relevant persons withing very short time.<br />
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From the above discussion with oral communication, We find out some characteristics of such communication which are below: <br />
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1. Oral communication happens through the delivery of words of mouth one person to another.<br />
2. Receiver uses his hear to listen.<br />
3. Oral communication is faster way to spread out information, message etc.<br />
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So, communication which takes place by the using of words of mouth and listening is called oral communication which is a faster way rather than any other short of <a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html">formal communication</a> and <a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html">informal communication</a>.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-62963504322778977142013-11-11T11:45:00.001-08:002021-01-24T03:41:44.293-08:00Different Types of Motivation or Classification of Motivation<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>The Classification of Motivation</b></li><li><b>Different Types of Motivation</b></li><li><b>Different Types of Motivation are Given on <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">Business Organization</a></b></li><hr /></ul><p><span style="font-size: x-large;"><i><b>M</b></i></span>otivation is the process that inspires the workers in their work and
satisfied their needs. This is related to the human mentality. </p><p>Motivation helps to increase the production and employees activities of an <a href="https://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>. <br /></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQhgLupJWgNJA3YKCxS1O-W8dlDNtRCXkmb5upAsi_1WVCWa8bThIIUUUOQli3UbeybL0DZz7KrVpEghb7DCj_J_v40IwpiRpjSCozyookh5PWdvhyphenhyphenQYzPyPwgdmim1nHmHPeRcuUo6ajr/s1155/Motivation+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Motivation" border="0" data-original-height="650" data-original-width="1155" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQhgLupJWgNJA3YKCxS1O-W8dlDNtRCXkmb5upAsi_1WVCWa8bThIIUUUOQli3UbeybL0DZz7KrVpEghb7DCj_J_v40IwpiRpjSCozyookh5PWdvhyphenhyphenQYzPyPwgdmim1nHmHPeRcuUo6ajr/w400-h225/Motivation+3.jpg" title="Motivation" width="570" /></a></div><p></p><p>The
<a href="https://bconsi.blogspot.com/2013/11/motivation-process-explained.html">motivation process</a> should be continued. However, there are two types of
motivation. <br />Now we'll discuss the types of motivation. <br /></p><p><b>1. Internal Motivation</b><br />Internal
motivation comes from the worker's mind. It usually depends on the job
satisfaction, group environment, and <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management </a>aspects, etc. Whenever
an employee remains happy with his job, internal motivation grows.</p><p><b>2. External Motivation</b><br />External
motivation comes from management authority. Speech of the authority is
effective for external motivation. </p><p>But this not enough, sometimes other
steps also can be taken to motivate the workers. </p><p>External motivation can
be adjusted with the financial benefit because <a href="https://bconsi.blogspot.com/2013/12/importance-and-necessities-of-job-satisfaction.html">human needs being satisfied</a> by money.</p><p>External motivation can be divided into two types. <br />such as... </p> A) Financial motivation<br /> B) Non-financial motivation.<p><b>A) Financial motivation</b><br />When
the authority motivates the employees by giving financial support is
called financial motivation. This is related to bonus, gratuity,
residential support, etc. </p><p>This motivation not only increases the
<a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a> of the company but also increases the living standard of the
employees.</p><p><b>B) Non-financial Motivation</b><br /><a href="https://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html">Motivation</a> is not only
related the finance. It is also adjusted with the non financial
activities. </p><p>This is the technical way of inspiring the employees. like-
security of the job, well behave, promotion, etc are the example of
non-financial motivation.</p><p>As motivation is a continuous process, management should focus on it continuously. Different types of
motivation are meant different ways of motivating employees, basically.</p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-8516040210780321572013-11-10T11:36:00.000-08:002016-03-21T19:31:54.575-07:00Motivation Process Explained<a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html"><u><b>Motivation</b></u></a> is a continuous process. It is summation of some continuous steps. The wants of human cannot be ended. When one want fulfill then another want come here. Motivation is one kind of human want or desire. So it cannot be ended. It has a continuous process with some important steps. Now we show these steps of motivation.<br />
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<b>1. Unsatisfied need</b><br />
Motivation process is started with the unsatisfied need. It is come from any kind of expectation from the employees. It also comes from different deprivation of employees’ right. Unsatisfied need is introduced from some desire expectations. Example: Mr. X wants to purchase a new car and this is unsatisfied need for him.<br />
<br />
<b>2. Increase tension</b><br />
When a person faces unsatisfied need as a result his mental tension will be increased. If the needs fulfilled then his mental tension will be decreased. Otherwise the workers feel frustration and unsatisfied to do the duty and the production of the organization also reduces. So it can be affected the whole organization.<br />
<br />
<b>3. Effort</b><br />
The workers always give best forces to fulfill their demand. Tension started from the unsatisfied need and effort started from the tension. This effort is only achieving the certain goal. This effort will be continuous until the needs fulfill. Example: Mr. X needs a new car. Now his effort is to manage money for purchase the car.<br />
<br />
<b>4. Satisfied need</b><br />
If the worker’s effort brings success then it can be said that the need or demand of worker is fulfilled. On the other hand if the worker’s effort doesn’t bring success then the worker feel frustration and mentally they will be affected. <br />
<br />
<b>5. Decreased tension</b><br />
A person tension decreases when he can fulfill all his needs. Because this tension created from the unsatisfied needs. But his tension again increases when he faces a new unsatisfied need. Example: Mr. X purchases a new car. But now he wants to purchase a new beautiful apartment. <br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSSssK5Rx763-_eJpLU6ofsoJA3Pq63b3CsY-D9izb-04dwDS-VRgni44_5wk9_OHs0OnrB3vP_jiIPZRr3Uyw1aTOfgmpDfhLM6F8624UUFqV-RgaBZ0LTgqJ1wenrhk0n9NKeJeekK4/s400/Motivation-Basic-cycle.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSSssK5Rx763-_eJpLU6ofsoJA3Pq63b3CsY-D9izb-04dwDS-VRgni44_5wk9_OHs0OnrB3vP_jiIPZRr3Uyw1aTOfgmpDfhLM6F8624UUFqV-RgaBZ0LTgqJ1wenrhk0n9NKeJeekK4/s400/Motivation-Basic-cycle.JPG" width="320" /></a></div>
At last we can say that motivation is a continuous process. It is come from workers need. When one need completed then another need also created. It can not be ended. So these are the important steps of motivation process.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-35650044692636518822013-10-23T11:20:00.000-07:002016-06-16T02:25:36.377-07:00Definition of BusinessHuman being are encouraged to fill up own necessaries from the very beginning of human activities. Various financial activities of human have been derived from various needs. For filling up needs and wants, human being operate different works and activities as well as try to earn. Consequently, from their financial activities business derives.<br />
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Simply the ‘Business’ term refers to ‘a state of being busy’. But ideally it can’t be said as business being busy with any work. A condition of being busy that means being busy with financial activities can be referred to business. So all financial activities are called business in the purpose of filling out wants.<br />
<br />
Again, all financial activities are not business too. To consider a financial activity as a business must be valid and legal. Not only that but also it must have utility, continuity, risk and uncertainty, profit as well as loss. <br />
<br />
<div style="border: 10px ridge #0066FF;">
<blockquote>
Louis E. Boone and L. Kurtz said, “Business consists of all profit seeking activities and enterprises that provides goods and services necessary to an economic system.”<br />
<br />
Peterson and Plowman also said about business, “Business may be defined as an activity in which different exchange something of value whether goods or services for mutual gain or profit.” </blockquote>
</div>
<br />
Now-a-days, business have been gotten new dimension. The word ‘business’ or its various arena’s have been more organized, planned, developed from the beginning of civilization.<br />
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<div style="border: 10px ridge #0066FF;">
<blockquote>
<br />
B.O. Wheeler said, “Business is an institution organized and operated to provide goods and services to the society under the incentive of private gain.”<br />
<br />
L.H. Haney quoted about business, “Business may be defined as human activities directed towards providing or acquiring wealth through buying and selling goods.”<br />
<br />
Skinner and Ivancevich said, “Business is the exchange of goods, services or money for mutual benefit or profit.”</blockquote>
</div>
<br />
<b>Features of Business:</b> Here some noticeable and important features of business are mentioned…<br />
<ol><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbp6v_zR_M3dEHiZ5ai1QfKmxDisu1KFpjsJy-dm8YCYEq35_Ief0UwxuqQnDVdTy93SqGDo6K5dbdzbbrvh9HPddIEh23H8De-sOkWx-2sV1I2cJB5dmVSPQFIB9YliROFklPmBtQpYIJ/s1600/business.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="273" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbp6v_zR_M3dEHiZ5ai1QfKmxDisu1KFpjsJy-dm8YCYEq35_Ief0UwxuqQnDVdTy93SqGDo6K5dbdzbbrvh9HPddIEh23H8De-sOkWx-2sV1I2cJB5dmVSPQFIB9YliROFklPmBtQpYIJ/s320/business.JPG" width="320" /></a>
<li>Objective of making profit</li>
<li><a href="http://bconsi.blogspot.com/2012/09/entrepreneurship-meaning-and-definition.html">Entrepreneurship</a></li>
<li>Risk and uncertainty</li>
<li>Legality</li>
<li>Continuity</li>
<li>Finance</li>
<li>Value of money</li>
<li>Creation of utility</li>
<li>Purchase and sale</li>
<li>Ethics</li>
<li>Forecasting</li>
<li>Freedom</li>
<li>Flexibility</li>
<li>Service</li>
<li>Specialization</li>
<li>Increase of wealth</li>
<li>Economy</li>
<li>Research</li>
<li>Public welfare</li>
<li>Increase living standard</li>
</ol>
<br />
At the concluded point we can say that in the purpose of making profit, producing or purchasing and selling of products, services etc by which creation of utility and production, allotment are ensured as well as risk and uncertainty exist in that with continuity and filling up want of physical and unphysical is called business. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-6396088768568448162013-10-21T12:08:00.002-07:002021-01-16T07:04:15.846-08:00Usage of Informal Report<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</div><ul style="text-align: left;"><li><b>Usage of Informal Report</b></li><li><b>Utilization of Informal Report in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">Business</a></b></li></ul><div dir="ltr" style="text-align: left;" trbidi="on"><hr /></div><div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-size: x-large;"><i><b>I</b></i></span>nformal
reports are commonly used tools to help managers in planning,
organizing, staffing and controlling overall in their <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> activities. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">These reports are usually written
by subordinates with the purpose of focusing on a specific and relevant
fact. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">You may be given the task of investigating a problem area and
proving objective information in <a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html">report</a> form.<br />
<a name='more'></a></div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE0Bv-2qkQGIKDuklti0x1_iVst1UJF7c_SlRCRMQek0HsaUITGvRbrlK6Ped5M4lmS_8jkL3ddhVpIYjc9wxqzJdIGe75U-0-EsF8h9ghfFUWNME8z1nm3kb54zKXFDaYFa7BZ1OwAVMf/s468/informal+report.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="202" data-original-width="468" height="173" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE0Bv-2qkQGIKDuklti0x1_iVst1UJF7c_SlRCRMQek0HsaUITGvRbrlK6Ped5M4lmS_8jkL3ddhVpIYjc9wxqzJdIGe75U-0-EsF8h9ghfFUWNME8z1nm3kb54zKXFDaYFa7BZ1OwAVMf/w400-h173/informal+report.png" width="570" /></a></div>This
information may serve one or two used: </div><ol style="text-align: left;"><li>to inform </li><li>to recommend action. </li></ol><div dir="ltr" style="text-align: left;" trbidi="on">For better understand, a short discussion of the usage with this two has be given
below:<br />
<br />
<u><b>(1) To Inform: </b></u><br />
The main
purpose of an <a href="http://bconsi.blogspot.com/2013/06/definition-of-informal-report.html">informal report</a> is to present facts or to provide
background information to assist managers in making decisions. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">These
reports can be as single as departmental reports that keep records of
the number of hour worked, amount of production, rate of absenteeism,
rate of turnover and length of breaks etc. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Other reports can be more
complex, such as determinations of the effectiveness of an advertising
organized course of its action, the most cost-efficient equipment to
purchase or the staffing of salespersons to cover peak consumer traffic. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">If managers get these reports available in time, they can fix the
amount for paying each worker or employee has earned, the cost of
production for an item etc.<br />
<br />
<u><b>(2) To Recommend Action</b></u><br />
The
other purpose of an informal report is not only to supply information
but also to recommend a action to a problem being researched for
solving. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">You may be asked to recommend a solution because you have
studied the problem and know more about the possible solutions as a
reporter than anyone else. But before you offer a solution, be sure that
the assignment of the task includes recommending one or not.</div><div dir="ltr" style="text-align: left;" trbidi="on"><br />
From
the above discussion, we can understand that informal report help
managers to take valuable decision to solve certain problems, to
estimate certain condition etc. and a reporter can recommend if there is
an option to recommend something.</div>
</div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-23583405378315713872013-10-21T08:41:00.000-07:002014-01-16T08:49:09.663-08:00Informal Communication System-All ArticlesInformal communication is such a communication system which grows in almost every arena of an organization. In our society, our most of communications can be counted as informal communication. But in an organization, Formal communication which provides and ensures an authoritarian <a href="http://bconsi.blogspot.com/2012/12/definition-of-communication-environment.html">communication environment</a> , sometimes become as <a href="http://bconsi.blogspot.com/2012/11/what-are-barriers-to-communication.html">barrier to communication</a> to send information throughout the whole organization.<br />
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On the other hand, Formal channel are so long and for this, Information reaching from upper level to lower level may take very long time where it need to reach at short time. Informal communication may work at that time as the alternative of <a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html">formal communication</a>. Because informal communication is a part of grapevine or grapevine is a part of informal communication.<br />
<br />
Actually Grapevine is a part and parcel of informal <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a>. As we know grapevine channel spread information like storm throughout the area. So, Just like that, If informal channels are used to deliver messages at a very short time, Informal communication is appropriate there. <br />
<br />
<br />
<b><a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html">Informal Communication Definition</a></b><br />
<hr />
<a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>Communicating using informal channels is simply called informal communication. <br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2013/03/advantages-of-informal-communication.html"><b>Advantages of Informal Communication</b></a><br />
<hr />
<a href="http://bconsi.blogspot.com/2013/03/advantages-of-informal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/advantages-of-informal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>Although informal communication spreads rumors, untrue and distorted messages very fast, But it has some advantages too. Those advantages are made by informal communication help to make easier communication. <br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2012/11/disadvantages-of-informal-communication-grapevine.html"><b>Disadvantages of Informal Communication</b></a><br />
<hr />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://bconsi.blogspot.com/2012/11/disadvantages-of-informal-communication-grapevine.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/11/disadvantages-of-informal-communication-grapevine.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
Like other things, Informal communication has also some disadvantages. <br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2013/03/importance-of-informal-communication.html"><b>Importance of Informal Communication</b></a><br />
<hr />
<a href="http://bconsi.blogspot.com/2013/03/importance-of-informal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/importance-of-informal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>Informal communication is as important as like formal communication for a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a> or any other sort of organization.<br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2013/04/informal-communication-spreads-rumor.html"><b>Informal Communication Spreads Rumors, Untrue and Distorted Message Very Fast</b></a><br />
<hr />
<a href="http://bconsi.blogspot.com/2013/04/informal-communication-spreads-rumor.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/04/informal-communication-spreads-rumor.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>This article narrates on How informal communication spreads message so rapidly. <br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2013/06/difference-between-formal-and-informal-communication.html"><b>Formal and Informal Communication</b></a>-The Difference<br />
<hr />
<a href="http://bconsi.blogspot.com/2013/06/difference-between-formal-and-informal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/difference-between-formal-and-informal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>Formal and informal communication both are needed for <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> communication. But they are different from the usage of message transmitting, procedure and more. <br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2012/12/What-is-grapevine-communication-system-and-features-of-Grapevine-communication.html"><b>Grapevine Communication Definition and Features</b></a><br />
<hr />
<a href="http://bconsi.blogspot.com/2012/12/What-is-grapevine-communication-system-and-features-of-Grapevine-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/grapevine-is-integral-part-of-informal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>Grapevine communication is one kind of informal communication which spread message very fast. <br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2013/03/grapevine-is-integral-part-of-informal-communication.html"><b>Grapevine Communication is an Integral Part of Informal Communication System</b></a><br />
<hr />
<a href="http://bconsi.blogspot.com/2013/03/grapevine-is-integral-part-of-informal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/grapevine-is-integral-part-of-informal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>As grapevine communication is a part of informal communication, It works like informal channels.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-61687921368749399612013-10-14T05:48:00.000-07:002014-01-21T05:51:12.105-08:00Feedback in Communication -All ArticlesFeedback is important in <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a>. Feedback really matters and help to make <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>. It is an essential factors of <a href="http://bconsi.blogspot.com/2013/02/what-is-two-way-communication-in-business.html">two way communication</a>.<br />
<br />
Basically, The sender sends a message and the receiver receives the sent message. After getting the message, the receiver mind intends to something which expresses to the original sender. Here, The expressed message of the receiver is called feedback. It helps the sender to know what is the reaction of the receiver after getting the message.<br />
<a name='more'></a><br />
<br />
<b><a href="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html">Feedback in Communication or Feedback Definition</a></b><br />
<hr />
<a href="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>This article discusses about the definition of feedback and on the topic named why feedback is necessary in communication.<br />
<br />
<br />
<br />
<a href="http://bconsi.blogspot.com/2013/02/causes-of-poor-feedback.html"><b>Causes of Poor Feedback</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/causes-of-poor-feedback.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/causes-of-poor-feedback.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>Poor feedback really matters. There are some causes which are responsible for poor feedback. <br />
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<a href="http://bconsi.blogspot.com/2013/02/essential-principles-of-feedback.html"><b>Essential Principles of Feedback</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/essential-principles-of-feedback.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/essential-principles-of-feedback.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>There are some essential principles of feedback which should be maintained. If those are maintained properly, The feedback will be better one.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-68600249639190831092013-10-08T22:20:00.000-07:002014-01-22T22:24:09.106-08:00Communication Model -All ArticlesCommunication model helps to understand the flow of communication process. Basically, How communication process works can be understood observing communication model. It is basically symbolic presentation of <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a>. But both are not same concept. They differentiate from their nature.<br />
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Different types of communication model, importance, limitation and functions of communication model have been discussed on our following articles. <br />
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<b><a href="http://bconsi.blogspot.com/2012/12/definition-of-communication-model.html">Communication Model Definition</a></b><br />
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<a href="http://bconsi.blogspot.com/2012/12/definition-of-communication-model.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/definition-of-communication-model.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiW0T-kflY4AntygXBR-b-8Lgz3lJ1RHBd_9EAh1T5jqAmynuzMnD01yT-oxPFnQuLumL_CGd_uHaqnOMe012YBIvp75_F8WkxddGogNXfDH7lWWWW_qqJUGqfPxalI7hilSl4RTyL8TUT/s1600/read-more-button.jpg" height="58" width="200" /></a>This article defines communication model with popular writer's definition.<br />
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<a href="http://bconsi.blogspot.com/2012/12/importance-of-communication-model.html"><b>Importance of Communication Model</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/12/importance-of-communication-model.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/importance-of-communication-model.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPq6U_L0O4hW_-xoIf1wSSQHnCJKD8jhDuJFkU2W2Cxg81HIk9rzFx7u-zcgtfrZv1ESuBmQt7RyTVqlgIKp1GTmS9adThxY3JCJ6aM9tBjhQ6Ld3UuIgH-vMQXfkRp8jpgaiFfv0R3oj0/s1600/read-more-button.jpg" height="58" width="200" /></a>Communication model has a lot of importance in communication. It helps for <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>. This article narrates importance of communication model. <br />
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<a href="http://bconsi.blogspot.com/2012/12/functions-of-communication-model.html"><b>Functions of Communication Model</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/12/functions-of-communication-model.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/functions-of-communication-model.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiW0T-kflY4AntygXBR-b-8Lgz3lJ1RHBd_9EAh1T5jqAmynuzMnD01yT-oxPFnQuLumL_CGd_uHaqnOMe012YBIvp75_F8WkxddGogNXfDH7lWWWW_qqJUGqfPxalI7hilSl4RTyL8TUT/s1600/read-more-button.jpg" height="58" width="200" /></a>Communication model has various functions such as researching, investing and forecasting. <br />
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<a href="http://bconsi.blogspot.com/2013/03/what-are-the-limitation-of-communication-model.html"><b>Limitations of Communication Model</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/what-are-the-limitation-of-communication-model.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/what-are-the-limitation-of-communication-model.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiW0T-kflY4AntygXBR-b-8Lgz3lJ1RHBd_9EAh1T5jqAmynuzMnD01yT-oxPFnQuLumL_CGd_uHaqnOMe012YBIvp75_F8WkxddGogNXfDH7lWWWW_qqJUGqfPxalI7hilSl4RTyL8TUT/s1600/read-more-button.jpg" height="58" width="200" /></a>Communication model is costly and time consuming. Like that, <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> model has some other limitations. <br />
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<a href="http://bconsi.blogspot.com/2013/05/difference-between-communication-process-and-model.html"><b>Communication Model and Communication Process</b></a> -The difference<br />
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<a href="http://bconsi.blogspot.com/2013/05/difference-between-communication-process-and-model.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/05/difference-between-communication-process-and-model.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiW0T-kflY4AntygXBR-b-8Lgz3lJ1RHBd_9EAh1T5jqAmynuzMnD01yT-oxPFnQuLumL_CGd_uHaqnOMe012YBIvp75_F8WkxddGogNXfDH7lWWWW_qqJUGqfPxalI7hilSl4RTyL8TUT/s1600/read-more-button.jpg" height="58" width="200" /></a>Although, communication model is a symbolic presentation of communication process. But both are different.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-12103819121364698672013-10-06T10:29:00.000-07:002014-01-18T10:30:47.616-08:00Effective Communication System-All ArticlesMaking effective communication ensures optimum output from a <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a>. When all elements of <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a> is completed successfully such as avoiding noise in communication channel, <a href="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html">proper feedback</a> which is elementary in <a href="http://bconsi.blogspot.com/2013/02/what-is-two-way-communication-in-business.html">two way communication</a>, and the message properly being understood by the receiver, the communication can become effective and fruitful.<br />
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So, the effective communication is meant such a communication which has very low <a href="http://bconsi.blogspot.com/2012/11/what-are-barriers-to-communication.html">barriers to communication</a>, clear message transferring and receiving and also there is proper feedback existed.<br />
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<a href="http://bconsi.blogspot.com/"><b>Business Consi</b></a> has presented some articles on Effective communication. By which you may get a smart knowledge on effective communication system. <br />
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<a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html"><b>Effective Communication Definition in Business</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc7ZhaiuWgZYfXJHyGyPd_fsEnWhjbGUwuMdH-bXSZwCmEQx3xQhg-et-3iTvLWHnC6mD0V6oAlG3i1dOWD_09IhSkSuFatC-582JBGocgDlTXR_EJJx6VATk02ZaSyRe31PsNetuP5pFO/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
This article has defined effective communication with showing some qualities of such communication. It has also provided some authoritative definitions of some other respective authors. <br />
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<a href="http://bconsi.blogspot.com/2012/12/principles-of-effective-communication-in-business.html"><b>Principles of Effective Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/12/principles-of-effective-communication-in-business.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/principles-of-effective-communication-in-business.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0S-dmjg0xoaXtxAegSbnFup7GO_mqMxnIHXtBrRzjq5Jt16jHdIHZUCl0eNro_ZHF7E4kiqyt-MLy3dhVMyWFmeoxdMsrErh4QzqWgjI_Bcwv17yYkBq9Ds75oMpldHabERNicKxYKqTX/s1600/read-more-button.jpg" height="58" width="200" /></a>If all principles of effective communication can be applied when a communication is happened, The communication has a good chance to turn into effective communication.<br />
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<a href="http://bconsi.blogspot.com/2012/12/steps-in-developing-effective-communication.html"><b>Steps in Developing Effective Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/12/steps-in-developing-effective-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/steps-in-developing-effective-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc7ZhaiuWgZYfXJHyGyPd_fsEnWhjbGUwuMdH-bXSZwCmEQx3xQhg-et-3iTvLWHnC6mD0V6oAlG3i1dOWD_09IhSkSuFatC-582JBGocgDlTXR_EJJx6VATk02ZaSyRe31PsNetuP5pFO/s1600/read-more-button.jpg" height="58" width="200" /></a>When a sender intends to make a effective communication including the receiver intention too, there are some steps which must be followed for developing effective communication.<br />
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<a href="http://bconsi.blogspot.com/2012/12/how-to-make-communication-effective.html"><b>How to Make Effective Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/12/how-to-make-communication-effective.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/how-to-make-communication-effective.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc7ZhaiuWgZYfXJHyGyPd_fsEnWhjbGUwuMdH-bXSZwCmEQx3xQhg-et-3iTvLWHnC6mD0V6oAlG3i1dOWD_09IhSkSuFatC-582JBGocgDlTXR_EJJx6VATk02ZaSyRe31PsNetuP5pFO/s1600/read-more-button.jpg" height="58" width="200" /></a>This article presents tips and suggestion on how to make effective communication.<br />
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<b><a href="http://bconsi.blogspot.com/2013/04/business-is-communication-explanation.html">Business is Communication</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/04/business-is-communication-explanation.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/04/business-is-communication-explanation.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc7ZhaiuWgZYfXJHyGyPd_fsEnWhjbGUwuMdH-bXSZwCmEQx3xQhg-et-3iTvLWHnC6mD0V6oAlG3i1dOWD_09IhSkSuFatC-582JBGocgDlTXR_EJJx6VATk02ZaSyRe31PsNetuP5pFO/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
Actually, for operating business functions successfully there must have external and <a href="http://bconsi.blogspot.com/2013/01/introduction-to-internal-communication.html">internal communication</a>. Without communication, Nothing can be happened in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-53239581550829422962013-10-06T07:27:00.000-07:002014-01-17T07:27:37.498-08:00Communication Environment-All ArticlesTo usage of appropriate communication system, We should be careful about communication environment. <b>Communication environment</b> tells us what communication should be used in certain environment. For example, <a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html"><b>Formal communication</b></a> can't be applied in <b><a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html">informal communication</a></b> environment.<br />
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Communication environment also refers to a atmosphere surrounding which the <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> happens. So, there is the system, noise and other things which are included in a communication environment.<br />
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<a href="http://bconsi.blogspot.com/"><b>Business Consi</b></a> has arranged several articles on communication environment to give you elementary idea about such one of communication concept.<br />
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<b><a href="http://bconsi.blogspot.com/2012/12/definition-of-communication-environment.html">Communication Environment Definition</a></b><br />
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<a href="http://bconsi.blogspot.com/2012/12/definition-of-communication-environment.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/definition-of-communication-environment.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEsSyKjHuYGFHHwek0aJmZzfxmhiwYTF7hZXywAWuDWagGdZrRd13wbcA6K0RsgV3YEkLyRCNzf6jCqD0ZIgk2mtd6HnP7ZMcKty87_A2WyRY0yTdkCh0M4swRs5Ug1kE6jvP1RdEXSwwy/s1600/read-more-button.jpg" height="58" width="200" /></a>This article has defined communication environment and also shows some valuable definition of different authors.<b> </b><br />
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<a href="http://bconsi.blogspot.com/2013/03/essential-factorsconditions-of.html"><b>Essential Factors of Communication Environment</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/essential-factorsconditions-of.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/essential-factorsconditions-of.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZca4pxEaKInh6FpMXrZPqlXzoIe-lwbH1Yxes4ZsGtXQC60pc9JcDWu02K59mbLz4hKz-YdZjw9PuNgUh3_PZT3y4HP_RQpiGVENc-f-ozBEbptYF_F2PH0XywJ_tDpvc4skrlNuHlfnf/s1600/read-more-button.jpg" height="58" width="200" /></a>There are some factors or condition which are called as essential factors of communication environment. This article discusses about those factors of communication environment.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-70867007501153226842013-10-06T06:48:00.000-07:002014-01-15T06:48:58.607-08:00Study about Frustration-All ArticlesFrustration is a psychological problem of human mind. This psychological problem enforces a person to believe in his incapability. Frustration if harmful to achieve organizational goal. It is harmful to achieve personal goal too. If a person recognizes sources of frustration and know the method of removing such frustration, The person may be able to overcome such psychological problem from his mind.<br />
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<b><a href="http://bconsi.blogspot.com/">Business Consi</a></b> is offering several articles related to Frustration that may help you to understand this well. <br />
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<a href="http://bconsi.blogspot.com/2013/03/definition-and-meaning-of-frustration.html"><b>Definition of Frustration</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/definition-and-meaning-of-frustration.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/definition-and-meaning-of-frustration.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioYb0VppD82-Bk6x_wVe1I4DomlL3gxnsS1q_fiH8sNDowrk627RgI8Zw_0FfKS-Lad_3mFF92PicVNuJNhVgAF_veK3ivNBW9Ur48h3ls6bz8EYnBj4k7qLkvUmsvU-lK2J-TFFyl0cSi/s200/read-more-button.jpg" width="200" /></a>This article has tried to make a definition of frustration according to the human needs, lack of enough resources and problems in the path of achieving desired goal.<br />
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<a href="http://bconsi.blogspot.com/2013/03/sources-of-frustration-types-of-frustration.html"><b>Sources of Frustration or Types of Frustration</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/sources-of-frustration-types-of-frustration.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/sources-of-frustration-types-of-frustration.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWCGNJxN8bHpGCr8BVYXmq9dBgtfWp0iz9OJvJRsafK4rNzT-8_iDZN20f6KxBsm-2Gz4btEAv1F_9xbMKluWTxKybw_v7rAq-4PoZPS6qvRN8N6W3a-yoSjg3ozqnk6HhYJ5NAvtJOH1o/s200/read-more-button.jpg" width="200" /></a>There are some well known sources of frustration from which frustration may occur. This article discussed about those. In the basis of sources, Frustration can be classified.<br />
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<a href="http://bconsi.blogspot.com/2014/01/nature-of-frustration-how-frustration-occurs.html"><b>Nature of Frustration or How Frustration Occurs</b></a><br />
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<a href="http://bconsi.blogspot.com/2014/01/nature-of-frustration-how-frustration-occurs.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2014/01/nature-of-frustration-how-frustration-occurs.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWCGNJxN8bHpGCr8BVYXmq9dBgtfWp0iz9OJvJRsafK4rNzT-8_iDZN20f6KxBsm-2Gz4btEAv1F_9xbMKluWTxKybw_v7rAq-4PoZPS6qvRN8N6W3a-yoSjg3ozqnk6HhYJ5NAvtJOH1o/s200/read-more-button.jpg" width="200" /></a></div>
This article presents the nature of frustration. It also shows that how frustration occurs.<br />
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<a href="http://bconsi.blogspot.com/2013/06/general-causes-conditions-of-frustration-in-industry.html"><b>General Causes or Conditions of Frustration in Industry</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/general-causes-conditions-of-frustration-in-industry.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/general-causes-conditions-of-frustration-in-industry.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWCGNJxN8bHpGCr8BVYXmq9dBgtfWp0iz9OJvJRsafK4rNzT-8_iDZN20f6KxBsm-2Gz4btEAv1F_9xbMKluWTxKybw_v7rAq-4PoZPS6qvRN8N6W3a-yoSjg3ozqnk6HhYJ5NAvtJOH1o/s200/read-more-button.jpg" width="200" /></a>Without any cause, There is nothing to be happened! So, For growing frustration in the mind of a person, There are also some reasons. This articles shows some mostly common causes of frustration in industry. <br />
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<br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-13121147891220225692013-09-25T05:18:00.000-07:002014-01-19T05:22:26.182-08:00Barriers to Business Communication-All ArticlesThere are some barriers which stay as hindrances to make <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a> those are called as barriers to <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a>. Barriers to communication can be existed at <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a>. If the sender and receiver make necessary steps for avoiding such barriers when they are communicating, Mostly most of those barriers can be removed. Some of those may be reduced at tolerable dimension.<br />
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<b><a href="http://bconsi.blogspot.com/">Business Consi</a></b> has presented some articles on barriers to communication concept to make overall idea on it. More articles will be gradually added on this topic.<br />
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<b><a href="http://bconsi.blogspot.com/2012/11/what-are-barriers-to-communication.html">Barriers to Communication</a> -Meaning and explanation</b><br />
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<a href="http://bconsi.blogspot.com/2012/11/what-are-barriers-to-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/11/what-are-barriers-to-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFPGCkQtasRsjNkGeHLogclcfBMApRbZ_lFFHy6pmqD3eOl0zA256gLVkAQqVbqKMfkD6QnouhlIqRLxQNfCQ7NoXT9sBFff2KcY-HVky3wO42yVWfJo_X74vFhlLXNBuJTAoiadSXGv4z/s1600/read-more-button.jpg" height="58" width="200" /></a>This article has defined barriers to communication and narrates about this concept in communication. <br />
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<a href="http://bconsi.blogspot.com/2012/11/different-types-of-barriers-to-communication.html"><b>Different Types of Barriers to Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/11/different-types-of-barriers-to-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/11/different-types-of-barriers-to-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOwD2Vj4jVl4Dfk-jQ7-kLKnVfPOoB8YzWtYLH7-w13tFGAbILtuK2rGADcLk94Uph-2cszOLy-DzShzTSzOhOIicvzC5GCDkP5_hTNUayQunWu0n3f_E7TXi5c-qTTdFQTawuABDhT-RC/s1600/read-more-button.jpg" height="58" width="200" /></a>This article has narrates different types of barriers to communication. It has focused mostly common barriers communication. <br />
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<b><a href="http://bconsi.blogspot.com/2012/11/how-to-overcome-barriers-to-communication.html">How to Overcome Barriers to Communication</a></b><br />
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<a href="http://bconsi.blogspot.com/2012/11/how-to-overcome-barriers-to-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/11/how-to-overcome-barriers-to-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOwD2Vj4jVl4Dfk-jQ7-kLKnVfPOoB8YzWtYLH7-w13tFGAbILtuK2rGADcLk94Uph-2cszOLy-DzShzTSzOhOIicvzC5GCDkP5_hTNUayQunWu0n3f_E7TXi5c-qTTdFQTawuABDhT-RC/s1600/read-more-button.jpg" height="58" width="200" /></a>This article discusses with some tips and process to overcome barriers to communication.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-82803051620964383672013-09-20T03:34:00.004-07:002013-09-20T03:34:43.466-07:00Definition of Democratic Leader & Leadership There are different types of leadership in the view of different terms and conditions. Democratic leadership is one of those and one kind of power-based leadership. The other forms of power-based leaderships are autocratic leadership, free-rein leadership, benevolent autocratic leadership etc. <br />
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Leadership which leads tasks after making discussion and taking significant decision from subordinates is called democratic leadership. <br />
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A democratic leader gives orders to subordinates, makes orders proper understood, admit opportunities to ask and provide answers of those questions. Such leadership consults with workers, employees, subordinates to make any decision. After all, the atmosphere remains democratic. <br />
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<b>Koontz and Weihrich</b> sated about democratic leadership, “The democratic leader consult with subordinates on proposed actions and decisions and encourages participation from them.”<br />
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<b>J.L. Massie</b> also quoted, “Democratic leaders depend not only on their own capabilities but encourages consultation with subordinates.”<br />
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<b>Bateman and Zeithaml</b> said, “Democratic leader solicit input from their subordinates.” </blockquote>
<b>From the above discussion and some definitions of democratic leadership, We get that such leadership contains below conceptions :- </b><br />
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* Democratic leadership directs after making proper discussion with subordinates where the opinions of subordinates reserve higher value to the leader. <br />
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* Leader collects information from workers. <br />
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* Leader orders and makes the given order clear to subordinates. <br />
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* If anyone wants to know reasonable reasons from the democratic leader, The leader illustrates the matter. <br />
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* Such leader does not depend fully on his power and abilities. <br />
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* The democratic leader explains to his subordinates and believes also illustration of subordinates. <br />
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<b>Democratic leadership also provides mass benefits. Some of those remarkable advantages of democratic leadership have been quoted below :- </b><br />
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* Under such leadership, workers work based on self-interest. Because, They get inspiration to works to be done. <br />
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* Such leadership can make all things understood. For this reason, the quality of work also becomes good. <br />
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* All subordinates become attentive. Because, They provide their opinions to make decision. Such participation of employees to making decision encourages and inspires to work attentively. <br />
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* The morale of subordinates increases and production becomes standard and more. <br />
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* Direction and controlling becomes easy. <br />
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* Wastage of time and money decreases. <br />
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<b>There are some disadvantages of democratic leadership also noticeable. Some of those remarkable disadvantages of democratic leadership have been quoted below :- </b> <br />
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* Working according to self-intension may increase. <br />
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* Subordinates think that manager has weakness to make smooth operation of management functions. <br />
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* The another disadvantages of democratic leadership is It takes much time and money. Because, discussion with everyone spends much money and time. <br />
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* The organization may feel the lack of proper discipline.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfW7CsS6wYo_0QzQNakTNbjSXzH2P7IFGXUhl1ZI75esKxYa-_FnN4Bx5DqezRU-W1lYqdQ_Wi4nESP9Rrug0heQLl_HTKJ7MO5_4UlvkxjwE3yfYdek-22LB4QQsLrN5kstjD8Dns-yLs/s1600/Democratic+Leader+&+Leadership.bmp" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="295" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfW7CsS6wYo_0QzQNakTNbjSXzH2P7IFGXUhl1ZI75esKxYa-_FnN4Bx5DqezRU-W1lYqdQ_Wi4nESP9Rrug0heQLl_HTKJ7MO5_4UlvkxjwE3yfYdek-22LB4QQsLrN5kstjD8Dns-yLs/s320/Democratic+Leader+&+Leadership.bmp" width="320" /></a></div>
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At the bottom point, We can conclude that democratic leadership is a modern leadership system. Although there are some limitations of such leadership but the advantages of democratic leadership are more than the limitations. Consequently, if it can be applied with proper caution, democratic leadership is acknowledged as a good management process.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-14950996846541607362013-09-11T08:19:00.000-07:002014-01-20T08:22:34.743-08:00Written Communication -All ArticlesWritten communication is one kind of <a href="http://bconsi.blogspot.com/2013/04/definition-of-verbal-communication.html">verbal communication</a> which uses written words of a language to complete the <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a> and make an <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>. Mostly, written communication is used in <a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html">formal communication system</a> when it comes to <a href="http://bconsi.blogspot.com/search/label/Business%20Communication">business communication</a>. But written communication can be used in <a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html">informal communication system</a> too but mostly in personal communication.<br />
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Basically, written communication facilitates many advantages for a <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>. That's why being a lengthy way of communication, Thus <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> bears so much importance in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> concerns. The used documents such as letter, <a href="http://bconsi.blogspot.com/2012/12/what-is-office-memo-or-memorandum.html">memos</a>, <a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html">reports</a> etc in written communication act as valid documents for any business contract. <br />
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<a href="http://bconsi.blogspot.com/"><b>Business Consi</b></a> has presented some articles on written communication. More articles will add soon.<br />
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<b><a href="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html">Written Communication Definition</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mEJKCS0Igkdchv3i5CYlt2eJ8ufFN_IsG-PkmoCdfF5oTBL8ZC97RopprU_RHJ54-7bd0H7MtZfUGenm7qTbzRq6J0r4-HS3H2E4W84uk2s6VnWTIgzPzMJI5oMM-FmL85LQSX32Jlpe/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
This article has broadly defined written communication. <br />
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<a href="http://bconsi.blogspot.com/2013/05/advantages-of-written-communication.html"><b>Advantages of Written Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/05/advantages-of-written-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/05/advantages-of-written-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mEJKCS0Igkdchv3i5CYlt2eJ8ufFN_IsG-PkmoCdfF5oTBL8ZC97RopprU_RHJ54-7bd0H7MtZfUGenm7qTbzRq6J0r4-HS3H2E4W84uk2s6VnWTIgzPzMJI5oMM-FmL85LQSX32Jlpe/s1600/read-more-button.jpg" height="58" width="200" /></a>This article has focused on various advantages of written communication.<br />
<br />Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-46594950849196919942013-09-10T07:45:00.000-07:002014-01-20T08:05:13.205-08:00Small Group Communication-All ArticlesA small group can be defined ideally as a group of more than five to nine members. The members of a small group communicate themselves with different matters. The existed communication here is called small group communication. It is one kind of <a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html"><b>informal communication</b></a>.<br />
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<a href="http://bconsi.blogspot.com/"><i><b>Business Consi</b></i></a> has presented some valuable articles on small group communication for further study with this topic.<br />
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<b><a href="http://bconsi.blogspot.com/2013/02/what-is-meant-by-small-group-communication.html">What is Meant by Small Group Communication</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/02/what-is-meant-by-small-group-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/what-is-meant-by-small-group-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAuyoau_ijr9-WHLYdbSkMXzPKOXntfqP5SA1KkISAsTze8Ryv7DRn0g5W14gethoEdmnfMhj9_JTtWKRiu0OS8io0q4p6R3MbsYSjYVBbkiBtHFNL9Ugr693pWIJWxNya0dgWGGT_rsjc/s1600/read-more-button.jpg" height="58" width="200" /></a>This article discusses about the meaning of small group communication. It also defines small group communication. <br />
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<a href="http://bconsi.blogspot.com/2013/02/concept-of-small-group-communication.html"><b>Small Group Communication Concept</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/concept-of-small-group-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/concept-of-small-group-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mEJKCS0Igkdchv3i5CYlt2eJ8ufFN_IsG-PkmoCdfF5oTBL8ZC97RopprU_RHJ54-7bd0H7MtZfUGenm7qTbzRq6J0r4-HS3H2E4W84uk2s6VnWTIgzPzMJI5oMM-FmL85LQSX32Jlpe/s1600/read-more-button.jpg" height="58" width="200" /></a>This article narrates the concept of small group communication and its nature. <br />
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<a href="http://bconsi.blogspot.com/2013/02/characteristics-of-small-group.html"><b>Characteristics of Small Group Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/characteristics-of-small-group.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/characteristics-of-small-group.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mEJKCS0Igkdchv3i5CYlt2eJ8ufFN_IsG-PkmoCdfF5oTBL8ZC97RopprU_RHJ54-7bd0H7MtZfUGenm7qTbzRq6J0r4-HS3H2E4W84uk2s6VnWTIgzPzMJI5oMM-FmL85LQSX32Jlpe/s1600/read-more-button.jpg" height="58" width="200" /></a>There are some characteristics by which small group <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> can be observe well. <br />
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<a href="http://bconsi.blogspot.com/2013/02/principles-of-small-group-communication.html"><b>Principles of Small Group Communication </b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/principles-of-small-group-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/principles-of-small-group-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mEJKCS0Igkdchv3i5CYlt2eJ8ufFN_IsG-PkmoCdfF5oTBL8ZC97RopprU_RHJ54-7bd0H7MtZfUGenm7qTbzRq6J0r4-HS3H2E4W84uk2s6VnWTIgzPzMJI5oMM-FmL85LQSX32Jlpe/s1600/read-more-button.jpg" height="58" width="200" /></a>For making <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a> in small group communication concept, There are some principles which should be maintained. <br />
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<a href="http://bconsi.blogspot.com/2013/02/objectives-of-small-group-communication.html"><b>Objectives of Small Group Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/objectives-of-small-group-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/objectives-of-small-group-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mEJKCS0Igkdchv3i5CYlt2eJ8ufFN_IsG-PkmoCdfF5oTBL8ZC97RopprU_RHJ54-7bd0H7MtZfUGenm7qTbzRq6J0r4-HS3H2E4W84uk2s6VnWTIgzPzMJI5oMM-FmL85LQSX32Jlpe/s1600/read-more-button.jpg" height="58" width="200" /></a>Like other things, Some objectives are existed in small group communication too.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-28206859705895873392013-09-09T05:30:00.000-07:002014-01-21T05:37:31.372-08:00Mass Communication-All ArticlesThe word "mass" covers a vast arena. Like that mass communication indicates such a communication which engaged a lot of people. So, basically, when <a href="http://bconsi.blogspot.com/">communication</a> is happened toward a lot of people, the communication can be called as mass communication. The success of mass <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a> and gaining its objectives really matters. Because, there is involved smart cost of money and efforts.<br />
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<b><a href="http://bconsi.blogspot.com/">Business Consi</a></b> has covered mass communication concept with some articles those may make you understood about mass communication.<br />
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<a href="http://bconsi.blogspot.com/2013/03/definition-of-mass-communication.html"><b>Mass Communication Definition</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/definition-of-mass-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/definition-of-mass-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCI9ITSJWtz4g9uALt_dqai6LiQur5QltTDpMn9gq4HUSPfqJpKeIj2aQ_9Z4fKm1WyJjcN43HfcWzmaROtnDYK0PBEmm7QiG0scKutUIXIerWyvVpWugCOD7ISf1rTXXIu2bsHmmkJ_xN/s1600/read-more-button.jpg" height="58" width="200" /></a>Giving a definition of mass communication is really hard. However, This article defines mass communication. <br />
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<a href="http://bconsi.blogspot.com/2013/03/features-of-mass-communication.html"><b>Characteristics of Mass Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/features-of-mass-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/features-of-mass-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>Some characteristics of mass communication are notable. <br />
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<a href="http://bconsi.blogspot.com/2013/03/nature-of-mass-communication.html"><b>Nature of Mass Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/nature-of-mass-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/features-of-mass-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>By studying of nature of mass communication, It is easy the knowing about mass communication. <br />
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<a href="http://bconsi.blogspot.com/2013/03/scope-of-mass-communication.html"><b>Scope of Mass Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/scope-of-mass-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/scope-of-mass-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>This article narrates the scope of mass communication. <br />
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<a href="http://bconsi.blogspot.com/2013/03/objectives-of-mass-communication.html"><b>Purposes or Objectives of Mass Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/objectives-of-mass-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/objectives-of-mass-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>Like other things, mass communication has also some objectives to be happened. <br />
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<a href="http://bconsi.blogspot.com/2013/03/media-of-mass-communication.html"><b>Mass Communication Media</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/media-of-mass-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/media-of-mass-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>Some well known mass communication media have been discussed here. <br />
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<a href="http://bconsi.blogspot.com/2013/03/importance-of-mass-communication-in-business.html"><b>Importance of Mass Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/importance-of-mass-communication-in-business.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/importance-of-mass-communication-in-business.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
In the era of globalization, Mass communication bears so much importance. <br />
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<a href="http://bconsi.blogspot.com/2013/01/essential-factors-of-mass-communication.html"><b>Essential Factors of Mass Communication</b></a><br />
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This article talks about some essential factors of mass communication which should be learn for knowing about mass communication. <br />
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<a href="http://bconsi.blogspot.com/2013/03/test-of-mass-communication-skills.html"><b>Test of Mass Communication Skills</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/test-of-mass-communication-skills.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/01/essential-factors-of-mass-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHSheeCG1d014d3EuEj03F3L6HlqILFKlrSsegFbKktT6tlDD6d3K_YwhNLIE3t2-yG2cioK6HmbaDX1fMVF3HY0bO0vNOgZDoqt3i2k4UpCjIN9fpifgcsWqN60bAxOQXFNeIQuhLztEf/s1600/read-more-button.jpg" height="58" width="200" /></a>This article narrates the methods of testing of mass communication skills<b>.</b> Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-8279731256213786052013-09-03T10:56:00.000-07:002014-01-17T10:56:12.282-08:00Two-Way Communication-All Articles<i><b>Two way communication</b></i> is such a communication on which flow of information pushed on two direction. Basically, When sender sends a message and receiver receives the sent message and after receiving the receiver also send message to the original sander which is called as feedback, the <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> is here called as two way communication.<br />
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<b><a href="http://bconsi.blogspot.com/">Business Consi</a> </b>has arranged some articles on two way communication which may help you to learn two way communication and <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a>.<br />
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<a href="http://bconsi.blogspot.com/2013/02/what-is-two-way-communication-in-business.html"><b>What is Two-way communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/what-is-two-way-communication-in-business.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/what-is-two-way-communication-in-business.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmbEFhxggh7DWpMH-m7bPJ3DNA9RQZ6QPhmHSwdEjI651EVVS-WovKDrfTMaWAGvJGia3NvBaTuac2-AsxqIHdoaBkH89cT-mxSLLod0kg2Ej-99BFhWs795pm72E62ihhY3yAYA3-Qn0m/s1600/read-more-button.jpg" height="58" width="200" /></a> This article defines two way communication with authoritative definition. <br />
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<a href="http://bconsi.blogspot.com/2013/02/importance-of-two-way-communication-in-business.html"><b>Importance of Two-way communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/importance-of-two-way-communication-in-business.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/importance-of-two-way-communication-in-business.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUprYVwB0aFe2zNhiCcayEibcHeTa_AoXEbD2kXvxFW5VtKZdw7ihj4lApztrsMvVSWL-wGCKPd0uzor9yuMOdHJdrBZ44H55IrbwxBbw-rree-_PGI32mH5lkXS7h25nK5F8Ysdbr60SC/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
Two way communication has very much importance on communication. This article narrates the most common importance of two way communication in <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>. <br />
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<a href="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html"><b>Feedback Definition</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/importance-of-feedback-in-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUprYVwB0aFe2zNhiCcayEibcHeTa_AoXEbD2kXvxFW5VtKZdw7ihj4lApztrsMvVSWL-wGCKPd0uzor9yuMOdHJdrBZ44H55IrbwxBbw-rree-_PGI32mH5lkXS7h25nK5F8Ysdbr60SC/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
Feedback is essential part of making two way communication successful. <br />
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<a href="http://bconsi.blogspot.com/2013/02/causes-of-poor-feedback.html"><b>Causes of Poor Feedback </b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/causes-of-poor-feedback.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/causes-of-poor-feedback.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUprYVwB0aFe2zNhiCcayEibcHeTa_AoXEbD2kXvxFW5VtKZdw7ihj4lApztrsMvVSWL-wGCKPd0uzor9yuMOdHJdrBZ44H55IrbwxBbw-rree-_PGI32mH5lkXS7h25nK5F8Ysdbr60SC/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
Poor feedback is a obstacle for successful two way communication . There are several reasons for getting poor feedback. <br />
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<a href="http://bconsi.blogspot.com/2013/02/essential-principles-of-feedback.html"><b>Essential Principles of Feedback</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/02/essential-principles-of-feedback.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/02/essential-principles-of-feedback.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUprYVwB0aFe2zNhiCcayEibcHeTa_AoXEbD2kXvxFW5VtKZdw7ihj4lApztrsMvVSWL-wGCKPd0uzor9yuMOdHJdrBZ44H55IrbwxBbw-rree-_PGI32mH5lkXS7h25nK5F8Ysdbr60SC/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
When a person is going to make feedback, It should maintain some principles to make the feedback fruitful and <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-24263508258199882072013-09-01T01:06:00.000-07:002014-01-19T01:10:15.314-08:00Upward Communication System-All ArticlesWhen <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> starts from the lower level to the superior level, the communication can be defined as upward communication. Thus upward communication flow starts from the subordinate level to the upper level. Smooth upward communication system ensures some advantages for the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a> such as performance and progress states of its employees etc. It has also some disadvantages likewise flattery, bribe etc.<br />
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However, <a href="http://bconsi.blogspot.com/"><b>Business Consi</b></a> has presented some articles on upward communication system by which you may get benefited for knowing such <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a> and nature etc. More Articles will come soon on this topic.<br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-upward-communication.html"><b>Upward Communication Definition</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-upward-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/definition-of-upward-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZe2ZP4sVqh8aWuwqA0LY_oLxTwXskc-pw5ObRNlgD9eOsbCnmMuRmNXasQZ871-1FZOUJGY8WQ1CtHeIDqK66ucfmuJ8I5h95M0xe4riyaayxWVpkc35990mcv_XmjpfEpzahcKpHcggR/s1600/read-more-button.jpg" height="58" width="200" /></a>This article defines upward communication and also talks about how to make such communication as <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>. <br />
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<a href="http://bconsi.blogspot.com/2013/06/media-way-forms-of-upward-communication.html"><b>Media/Way/Forms of Upward Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/media-way-forms-of-upward-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/media-way-forms-of-upward-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZe2ZP4sVqh8aWuwqA0LY_oLxTwXskc-pw5ObRNlgD9eOsbCnmMuRmNXasQZ871-1FZOUJGY8WQ1CtHeIDqK66ucfmuJ8I5h95M0xe4riyaayxWVpkc35990mcv_XmjpfEpzahcKpHcggR/s1600/read-more-button.jpg" height="58" width="200" /></a>This article narrates the forms of upward communication in details. <br />
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<a href="http://bconsi.blogspot.com/2013/06/disadvantages-of-upward-communication.html"><b>Disadvantages of Upward Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/disadvantages-of-upward-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/disadvantages-of-upward-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZe2ZP4sVqh8aWuwqA0LY_oLxTwXskc-pw5ObRNlgD9eOsbCnmMuRmNXasQZ871-1FZOUJGY8WQ1CtHeIDqK66ucfmuJ8I5h95M0xe4riyaayxWVpkc35990mcv_XmjpfEpzahcKpHcggR/s1600/read-more-button.jpg" height="58" width="200" /></a>There are some disadvantages of upward communication too. This article has focused on those. <br />
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<b><a href="http://bconsi.blogspot.com/2013/06/difference-between-upward-and-downward-communication.html">Upward and Downward Communication</a></b> -The Difference<br />
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<a href="http://bconsi.blogspot.com/2013/06/difference-between-upward-and-downward-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/difference-between-upward-and-downward-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZe2ZP4sVqh8aWuwqA0LY_oLxTwXskc-pw5ObRNlgD9eOsbCnmMuRmNXasQZ871-1FZOUJGY8WQ1CtHeIDqK66ucfmuJ8I5h95M0xe4riyaayxWVpkc35990mcv_XmjpfEpzahcKpHcggR/s1600/read-more-button.jpg" height="58" width="200" /></a>Upward and downward communication both are differentiated from their nature, origin of message, sender and various concepts.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-84710355545471413732013-08-27T10:02:00.000-07:002014-01-22T10:07:34.734-08:00Communication Process -All ArticlesFrankly speaking, Communication has made the world so closer and developed. Recent terms, globalization, free trade would not come, if there is not existed the development communication overtime. For making <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>, there are some essential steps to be taken by a sender and a receiver and all of those steps are called communication process in one term.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">Communication Process Definition</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-qpac9f-e67aPLplqQNmipNgBZMQI_MxmTg2wB_KTsTnjTy_pQnavz2MreX1RPefB6Npxfd4-bVVMM9LX3G8Zqt3IqUsCGHYuIaSjqyjpe3jJZFoUGgbh_oiUWArFkQT4SFf5lHTIqRC0/s1600/read-more-button.jpg" height="58" width="200" /></a>To send a message all the steps taken by respective parties are called communication process. <br />
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<a href="http://bconsi.blogspot.com/2013/03/essential-elements-factors-of-communication-process.html"><b>Essential Factors of Communication Process</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/essential-elements-factors-of-communication-process.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/essential-elements-factors-of-communication-process.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcGENzuZbAlDA1EnLw5USTriTDgOG7OkVcZoo1yhr8631-drqO2I8t3NngRa-oYShiQZOMA-WKv20RDkKF2C7A4QmhtMdquhp0C9mE_CKSbLVQUyp9-sWRKQ5H6qg6M0yqmhuJe58m7sMt/s1600/read-more-button.jpg" height="58" width="200" /></a> There are some essential factors which effect the communication process. <br />
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<a href="http://bconsi.blogspot.com/2013/06/different-types-of-communication-process.html"><b>Different Types of Communication Process</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/06/different-types-of-communication-process.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/different-types-of-communication-process.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcGENzuZbAlDA1EnLw5USTriTDgOG7OkVcZoo1yhr8631-drqO2I8t3NngRa-oYShiQZOMA-WKv20RDkKF2C7A4QmhtMdquhp0C9mE_CKSbLVQUyp9-sWRKQ5H6qg6M0yqmhuJe58m7sMt/s1600/read-more-button.jpg" height="58" width="200" /></a>There are different types of communication process. If you are interested in communication process, you should know its classification. <br />
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<b><a href="http://bconsi.blogspot.com/2013/05/difference-between-communication-process-and-model.html">Communication Process and Communication Model</a></b> -The difference<br />
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<a href="http://bconsi.blogspot.com/2013/05/difference-between-communication-process-and-model.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/05/difference-between-communication-process-and-model.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcGENzuZbAlDA1EnLw5USTriTDgOG7OkVcZoo1yhr8631-drqO2I8t3NngRa-oYShiQZOMA-WKv20RDkKF2C7A4QmhtMdquhp0C9mE_CKSbLVQUyp9-sWRKQ5H6qg6M0yqmhuJe58m7sMt/s1600/read-more-button.jpg" height="58" width="200" /></a>Communication process and <a href="http://bconsi.blogspot.com/2012/12/definition-of-communication-model.html">communication model</a> are totally different concepts in <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> world. But they are used in communication.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-59091734046857846512013-08-20T10:16:00.001-07:002020-10-31T08:52:45.207-07:00Formal Communication System-All Articles<p><i><span style="font-size: x-large;"><b>F</b></span></i>ormal communication is a such communication which has to follow official or formal rules and regulation, procedure etc. for completing the <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a>. That's why formal communication is also called as official communication system.</p><a name='more'></a>
Certainly, there are many advantages of formal communication. But like other things, such communication has some disadvantages too. However, <i><b><a href="http://bconsi.blogspot.com/">Business Consi</a></b></i> has made some articles on Formal communication which show definition, advantages, disadvantages, features, tools of formal communication along with difference with <a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html">informal communication</a>.<br />
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<a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html"><br /></a>
<b><a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html">Formal Communication Definition</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" width="200" /></a></div>
This article has defined formal communication. It also shows some example of formal communication in the basis of <a href="http://bconsi.blogspot.com/2013/01/introduction-to-internal-communication.html">internal communication</a> as well as external usages in an <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business organization</a>.<br />
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<a href="http://bconsi.blogspot.com/2013/03/characteristics-of-formal-communication.html"><b>Characteristics or Features of Formal Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/characteristics-of-formal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/characteristics-of-formal-communication.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" width="200" /></a>This article narrates some elementary features of formal communication.<br />
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<b><a href="http://bconsi.blogspot.com/2013/04/advantages-of-formal-communication.html">Advantages of Formal Communication in an Organization</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/04/advantages-of-formal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/04/advantages-of-formal-communication.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" width="200" /></a>Formal communication provides various advantages in the <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> world.<br />
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<a href="http://bconsi.blogspot.com/2013/04/disadvantages-of-formal-communication.html"><b>Disadvantages of Formal Communication in an Organization</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/04/disadvantages-of-formal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/04/disadvantages-of-formal-communication.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" width="200" /></a></div>
As we know there are some established rule, regulation and procedure must be maintained in formal communication, These sometimes make problems. <br />
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<b><a href="http://bconsi.blogspot.com/2013/06/difference-between-formal-and-informal-communication.html">Formal and Informal Communication</a></b> -The difference<br />
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<a href="http://bconsi.blogspot.com/2013/06/difference-between-formal-and-informal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/difference-between-formal-and-informal-communication.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" width="200" /></a>An organization must use these two <a href="http://bconsi.blogspot.com/search/label/Types%20of%20Communication">types of communication</a> such as formal and informal communication. But they are different from their nature and usage.<br />
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<a href="http://bconsi.blogspot.com/2013/04/tools-used-for-formal-communication-effectiveness.html"><br /></a>
<b><a href="http://bconsi.blogspot.com/2013/04/tools-used-for-formal-communication-effectiveness.html">Formal Communication Tools</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/04/tools-used-for-formal-communication-effectiveness.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/04/tools-used-for-formal-communication-effectiveness.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSy2-EdOSjFbgv9o7bB1uUf8eUP0B8nfW1F6c667TgxJ6DISOYp8iozaKic5yyB4ziDzl5SNNnAcUhgw8sRQZTtA-YO6ImJiQMx8V8UaqZmXCuOSabxLoglkC3FGVqWXuq16Y-QF4zvub1/s1600/read-more-button.jpg" width="200" /></a>Formal communication uses some tools for communicating. This article discusses about those common tools which are used in formal communication.<span><!--more--></span><span><!--more--></span><span><!--more--></span>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-48910254739152052522013-08-19T23:24:00.000-07:002014-01-13T23:25:15.046-08:00Study about Job Satisfaction-All Articles of Job SatisfactionThe term "job satisfaction" refers to positive or negative conception of employees to an organization. Working environment, work nature, organizational policy, convenience and inconvenience of work etc mostly affect job satisfaction level.<br />
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The above mentioned elements may make positive or negative job satisfaction. Every organization deals it carefully. Because, it is human resources which will make achievement easier of an organization and work for it. Dedicated employees are considered to be an asset. And employees work with heart and soul only then when they feel positive job satisfaction regarding to their job.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">Definition of Job Satisfaction</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEX8Fd0sJ8at1ne4BfF8IxFBqObZIlw922PPiF4SaBVgGr6WlW8U3ppi0yzLKvzTs7d95hGFIS4NzsUESLfbSEs6Um56vUpmDdImsfsGp9e5XOx3s-UWqoWXjkbPe0e8L9K4kb_ErdE7VY/s200/read-more-button.jpg" width="200" /></a>This article represents about the definition or meaning of job satisfaction. Moreover, It has made an explanation on it.<br />
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<b><a href="http://bconsi.blogspot.com/2013/12/importance-and-necessities-of-job-satisfaction.html">Importance of Job Satisfaction</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/12/importance-and-necessities-of-job-satisfaction.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/12/importance-and-necessities-of-job-satisfaction.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM_cwQKacNEf1yjPYKdtEqS-eJCupxHYIL9jFELlYmIM45X41E6DSO18uwbGuZwXHtP7hAJyS1Y93eqeera0HZKlDXnsL-fqhfHX2J8WNI9w5xu3VwGN-nqRYdxo-72Sqy1i9RlS2CW7DM/s200/read-more-button.jpg" width="200" /></a>Job satisfaction is a very important factor for an organization. An organization must be careful about it if the organization wants productivity, timeliness and overall success. This article discusses about the importance and necessity of job satisfaction.<br />
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<b><a href="http://bconsi.blogspot.com/2014/01/major-steps-in-job-satisfaction-survey.html">Major Steps in Job Satisfaction Survey</a></b><br />
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<a href="http://bconsi.blogspot.com/2014/01/major-steps-in-job-satisfaction-survey.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2014/01/major-steps-in-job-satisfaction-survey.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM_cwQKacNEf1yjPYKdtEqS-eJCupxHYIL9jFELlYmIM45X41E6DSO18uwbGuZwXHtP7hAJyS1Y93eqeera0HZKlDXnsL-fqhfHX2J8WNI9w5xu3VwGN-nqRYdxo-72Sqy1i9RlS2CW7DM/s200/read-more-button.jpg" width="200" /></a></div>
An Organization needs to make survey and necessary steps to gauge its employees job satisfaction level. This article talks about major steps in job satisfaction survey.<br />
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<b><a href="http://bconsi.blogspot.com/2014/01/how-to-increase-job-satisfaction-or.html">Ways of Increasing Job Satisfaction among employees</a></b><br />
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<a href="http://bconsi.blogspot.com/2014/01/how-to-increase-job-satisfaction-or.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2014/01/how-to-increase-job-satisfaction-or.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM_cwQKacNEf1yjPYKdtEqS-eJCupxHYIL9jFELlYmIM45X41E6DSO18uwbGuZwXHtP7hAJyS1Y93eqeera0HZKlDXnsL-fqhfHX2J8WNI9w5xu3VwGN-nqRYdxo-72Sqy1i9RlS2CW7DM/s200/read-more-button.jpg" width="200" /></a></div>
There are several ways of increasing job satisfaction among employees. This article discusses with the most relevant and effective ways of increasing job satisfaction.<br />
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<b><a href="http://bconsi.blogspot.com/2013/06/most-common-indicators-of-job-satisfaction.html">6 Most Common Indicators of Job Satisfaction</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/06/most-common-indicators-of-job-satisfaction.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/06/most-common-indicators-of-job-satisfaction.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM_cwQKacNEf1yjPYKdtEqS-eJCupxHYIL9jFELlYmIM45X41E6DSO18uwbGuZwXHtP7hAJyS1Y93eqeera0HZKlDXnsL-fqhfHX2J8WNI9w5xu3VwGN-nqRYdxo-72Sqy1i9RlS2CW7DM/s200/read-more-button.jpg" width="200" /></a>This article represents 6 most common indicators of job satisfaction by following which an organization will be able to measure its employees job satisfactory condition.<br />
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<b><a href="http://bconsi.blogspot.com/2014/01/ways-to-express-job-dis-satisfaction-of-the-employees.html">Ways of Expressing Job Dis-satisfaction of the Employees </a></b><br />
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<a href="http://bconsi.blogspot.com/2014/01/ways-to-express-job-dis-satisfaction-of-the-employees.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2014/01/ways-to-express-job-dis-satisfaction-of-the-employees.html" border="0" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM_cwQKacNEf1yjPYKdtEqS-eJCupxHYIL9jFELlYmIM45X41E6DSO18uwbGuZwXHtP7hAJyS1Y93eqeera0HZKlDXnsL-fqhfHX2J8WNI9w5xu3VwGN-nqRYdxo-72Sqy1i9RlS2CW7DM/s200/read-more-button.jpg" width="200" /></a></div>
When negative job satisfaction is grown among the employees of an organization, It makes several signs. There are several ways by following which employees express dissatisfaction regarding to their job. This article discusses about the most common ways of expressing job dissatisfaction of the employees. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-43266040204931514382013-08-19T11:40:00.003-07:002021-02-11T05:26:03.588-08:00Definition of Business Organization<p><i><span style="font-size: x-large;"><b>Y</b></span></i>ou are getting...</p><ul style="text-align: left;"><li><b>The Definition of Business Organization</b></li><li><b>The Meaning of Business Organization</b></li><li><b>The Concept of Business Organization Explanation </b><hr /></li></ul><p><span style="font-size: x-large;"><i><b>I</b></i></span>n order to earning profit, production of goods, produced goods distribution and all activities related to allotment are called <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html"><b>business</b></a>. </p><p>For these tasks of business, there are needed many efforts and elements those are land, labor and capital. Absent of any of these, Business process can't be possible.<span></span></p><a name='more'></a>
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But, all of these essential elements of business do not stay together. They are spread away at various places. </p><p>An business man or entrepreneur needs to collect these. Here we go...Organization or business organization is called the process of adjustment and making equilibrium among those essential elements of business such as land, capital, labor. </p><p>Thus, efficiently performing of business activities by collecting elements of <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a>, preservation, adjustment and keeping equilibrium are done by organization. </p><p>Therefore, <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a> or business organization is a very important element for successfully operating business and earning profit.<br />
</p><div class="separator" style="clear: both; text-align: center;"><img alt="business" border="0" data-original-height="345" data-original-width="460" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKXXu3CnvMTit1_MWmnD7HwLN4Nba6fHcjPcVLprDvxz07DVJ4K5sJoR6EwbBjlnkJD46LVQKggBWtGx4U7ov0K3NN5z4Djcfe2lTJX7k-QpU6xJTyVDQTP2BnlFG-kg56EDIuQ7QxbHlS/w400-h300/business+organization.jpg" title="business" width="570" /></div><p>
Various experts have already mentioned their opinions regarding to business organization. Some of those are quoted below.<br />
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<b>Koontz and O'Donnel</b> stated as <b>"Organization is a structured relationship by which an enterprise is bound together and the framework in which individual effort is coordinated."</b><br />
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<b>L.H. Haney</b> also said <b>"Organization is a harmonious adjustment of specialized parts for the accomplishment of some common purpose or purposes."</b><br />
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<b>L.A. Allen</b> quoted as <b>"Organization is the process of identifying and grouping the work to be performed, defining and obligating responsibility and authority and establishing relationships for the purpose of enabling people to work most effectively together in accomplishing objectives."</b></blockquote><p>
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Business organization processes the all production, allotment and by these earning profit. </p><p>Therefore, by which process in order to gaining profit the respective tasks are taken such as collecting raw materials, building, machinery, capital, employing labor and making these elements coordinated is called business organization.</p><p> Some common features of business organization are as follows...</p><p>1. It is a structural place in which people work for achieving organizational goal.</p><p>2. A business organization operates daily activities for example; <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">managing</a>, <a href="http://bconsi.blogspot.com/2015/12/definition-of-marketing.html">marketing</a>, <a href="https://bconsi.blogspot.com/2021/01/production-definition-meaning.html">production</a>, selling, <a href="http://bconsi.blogspot.com/2016/06/what-is-finance-definition-meaning.html">financing</a>, employee recruiting etc. </p><p>3. A business organization operates its daily activities in order to earn profit. </p><p>4. There is existed a designation system from superior to downward in a business organization.</p><p>5. A business organization is the combination of responsibility and authority among the employees.<br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-5446539154284746602013-08-15T10:34:00.000-07:002014-01-19T10:35:14.078-08:00Visual Communication-All ArticlesVisual communication is such a <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> which apply visual means or methods to make <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>. For visual communication, We don't need to use word. It is not like <a href="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html">written communication</a>. It can be said as no word communication. Actually, Communication happens through the medium of gesture, facial expression, pictures, poster etc.<br />
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<b><a href="http://bconsi.blogspot.com/">Business Consi</a></b> has presented some articles on visual communication that may help you to learn about visual communication. <br />
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<a href="http://bconsi.blogspot.com/2013/03/what-is-visual-communication.html"><b>Visual Communication Definition</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/what-is-visual-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/what-is-visual-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdHCe-bhuR7dS4TrgGZcphyphenhyphenG_airSS6jZAGbAMtL0XO8MkTzI9dN5HARqdYt4lY_Y0VR0ZI1w9q8IFfEgPgCD4y5lWRswbM8ZjC5m0mDI7jltRCSG0tIr6GQw1_2jNugIpd_FN6RrEpc_6/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
This article narrates about visual communication. It has defined such communication.<br />
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<a href="http://bconsi.blogspot.com/2013/03/advantages-of-visual-communication.html"><b>Advantages of Visual Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/advantages-of-visual-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/advantages-of-visual-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggTQkhqXAUmBZ6kzv166a80yGfAvVLh-Nq2XliyKnuhe-NVc6G-dPJPSOY4bXQ21h0UL_IlvzT_5um2BCgEW4geHQxb9eKSNa05GUsJwrUwQ_urRycYVRUajv5UC7V16dedXMaNMzxO4mq/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
This article has discusses with the most common advantages of visual communication. <br />
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<a href="http://bconsi.blogspot.com/2013/03/disadvantages-of-visual-communication.html"><b>Disadvantages of Visual Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/disadvantages-of-visual-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/disadvantages-of-visual-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggTQkhqXAUmBZ6kzv166a80yGfAvVLh-Nq2XliyKnuhe-NVc6G-dPJPSOY4bXQ21h0UL_IlvzT_5um2BCgEW4geHQxb9eKSNa05GUsJwrUwQ_urRycYVRUajv5UC7V16dedXMaNMzxO4mq/s1600/read-more-button.jpg" height="58" width="200" /></a>This article presents disadvantages of visual communication.<br />
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<a href="http://bconsi.blogspot.com/2013/03/purpose-of-graphic-and-visual.html"><b>Purpose of Graphic and Visual Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/purpose-of-graphic-and-visual.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/purpose-of-graphic-and-visual.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggTQkhqXAUmBZ6kzv166a80yGfAvVLh-Nq2XliyKnuhe-NVc6G-dPJPSOY4bXQ21h0UL_IlvzT_5um2BCgEW4geHQxb9eKSNa05GUsJwrUwQ_urRycYVRUajv5UC7V16dedXMaNMzxO4mq/s1600/read-more-button.jpg" height="58" width="200" /></a>There is existed<b> </b>purpose for anything. For graphic and visual communication it is also true.<br />
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<a href="http://bconsi.blogspot.com/2013/01/guidelines-for-graphic-and-visual-communication.html"><b>Guidelines for Graphic and Visual Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/01/guidelines-for-graphic-and-visual-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/01/guidelines-for-graphic-and-visual-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggTQkhqXAUmBZ6kzv166a80yGfAvVLh-Nq2XliyKnuhe-NVc6G-dPJPSOY4bXQ21h0UL_IlvzT_5um2BCgEW4geHQxb9eKSNa05GUsJwrUwQ_urRycYVRUajv5UC7V16dedXMaNMzxO4mq/s1600/read-more-button.jpg" height="58" width="200" /></a>This article provides necessary guidelines to make graphic and visual <a href="http://bconsi.blogspot.com/2012/12/how-to-make-communication-effective.html">communication effective</a>.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-48967434528053834222013-08-15T08:16:00.000-07:002014-01-19T08:34:36.697-08:00Verbal Communication-All ArticlesA <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> which happens using a language of words and grammar is known to be verbal communication. Mostly, verbal communication is such a communication which needs to use word to complete the <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">communication process</a>. In verbal communication, The sender can communicate with <a href="http://bconsi.blogspot.com/2013/11/what-is-oral-communication.html">oral</a> or written method to the receiver. But the key point of identifying verbal communication is the using of a language. <a href="http://bconsi.blogspot.com/2013/03/definition-of-non-verbal-communication.html">Non-verbal communication</a> does not use any word for communicate. So, When communication is happening using word of a language, The communication is called verbal communication.<br />
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<a href="http://bconsi.blogspot.com/"><b>Business Consi</b></a> has presented some articles on verbal communication. More articles will come soon on this topic.<br />
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<b><a href="http://bconsi.blogspot.com/2013/04/definition-of-verbal-communication.html">Verbal Communication Definition</a></b><br />
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<a href="http://bconsi.blogspot.com/2013/04/definition-of-verbal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/04/definition-of-verbal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrnpOuvFy5QHrXwH4iub0aH1A0Lb9QRM5_03EbHT6onbrj9ol6KUtqq0LuGijb7bva4q7u-YcONMvvDp1kSzoMfTZUKqq0X7RCScye7QHZj2Z0KC4738jrUFDZMqtfwvijSl3Jl_0IwLsa/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
This article has defined verbal communication with some example of verbal communication in our daily life. <br />
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<a href="http://bconsi.blogspot.com/2013/04/effective-guidelines-for-verbal.html"><b>Effective Guidelines for Verbal Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/04/effective-guidelines-for-verbal.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/04/effective-guidelines-for-verbal.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrnpOuvFy5QHrXwH4iub0aH1A0Lb9QRM5_03EbHT6onbrj9ol6KUtqq0LuGijb7bva4q7u-YcONMvvDp1kSzoMfTZUKqq0X7RCScye7QHZj2Z0KC4738jrUFDZMqtfwvijSl3Jl_0IwLsa/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
This article has provided some guidelines for making verbal communication as better <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a>.<br />
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<a href="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html"><b>Written Communication Definition</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrnpOuvFy5QHrXwH4iub0aH1A0Lb9QRM5_03EbHT6onbrj9ol6KUtqq0LuGijb7bva4q7u-YcONMvvDp1kSzoMfTZUKqq0X7RCScye7QHZj2Z0KC4738jrUFDZMqtfwvijSl3Jl_0IwLsa/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
Communication which uses written form to be occurred can be called as written communication. <br />
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<a href="http://bconsi.blogspot.com/2013/05/advantages-of-written-communication.html"><b>Advantages of Written Communication </b></a><br />
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<a href="http://bconsi.blogspot.com/2013/05/advantages-of-written-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/05/advantages-of-written-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrnpOuvFy5QHrXwH4iub0aH1A0Lb9QRM5_03EbHT6onbrj9ol6KUtqq0LuGijb7bva4q7u-YcONMvvDp1kSzoMfTZUKqq0X7RCScye7QHZj2Z0KC4738jrUFDZMqtfwvijSl3Jl_0IwLsa/s1600/read-more-button.jpg" height="58" width="200" /></a><a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">Organization</a> mostly used written communication for <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> purposes. Because, written communication ensures some advantages which others form can't ensure.<br />
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<a href="http://bconsi.blogspot.com/2013/11/what-is-oral-communication.html"><b>Oral Communication Definition</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/11/what-is-oral-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/11/what-is-oral-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4HUyE9KlH1Sc6_Mq412ABL6zJwpNNc2N-F4bLEW4E-jtLBvQO77IMSrmO15YstMdpUTPm7Mnju6OZviZMK0LmKtggDAu7w9avNSMXggtoInXlhKvIgLpLOGtXtPdZIuHOGR0McUgxKwmt/s1600/read-more-button.jpg" height="58" width="200" /></a>When communication occurs without using any word or grammar of a language, this communication is called oral communication. This article has defined oral communication.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-79640100918296349312013-08-13T06:57:00.000-07:002014-01-16T07:01:00.250-08:00Grapevine Communication-All Articles<b>Grapevine communication</b> is a form of <a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html"><b>informal communication system</b></a>. Actually, Grapevine communication system not only exists in workplace but also it exists in our society too. To transmit a message and spread out that message rapidly there is no alternative means without grapevine.<br />
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Grapevine is mentioned as rumor, gossip etc. Actually, Grapevine system works in this way. And thus one person to many person a <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> happened. In such view of point, Grapevine communication is also one <a href="http://bconsi.blogspot.com/search/label/Types%20of%20Communication">type of communication</a> which is stated as informal communication pathway.<br />
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<a href="http://bconsi.blogspot.com/2012/12/What-is-grapevine-communication-system-and-features-of-Grapevine-communication.html"><b>Grapevine Communication Definition and Features of Grapevine Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/12/What-is-grapevine-communication-system-and-features-of-Grapevine-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/12/What-is-grapevine-communication-system-and-features-of-Grapevine-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEil5Kdo2y2QVOAyIyoIMhuFC8jlX_xwnQxIXpqlpylTG0TUCwnlTAnntZC3GRjWGxGUNmmkVn1_fALV3qM2KlBPA94tgd2ffX6MQOGBdpoegvBSX4qfGCtDEJMYrSZkS6L3n0ZOa_TYxamW/s1600/read-more-button.jpg" height="58" width="200" /></a> Grapevine communication is such a communication by which information can be spread out rapidly. There are some features of such communication which state its convenience and inconvenience along with its nature.<br />
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<a href="http://bconsi.blogspot.com/2012/11/disadvantages-of-informal-communication-grapevine.html"><b>Disadvantages of Grapevine Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2012/11/disadvantages-of-informal-communication-grapevine.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2012/11/disadvantages-of-informal-communication-grapevine.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a></div>
Though grapevine communication has many advantages. But it has some disadvantages too. <br />
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<a href="http://bconsi.blogspot.com/2013/03/grapevine-is-integral-part-of-informal-communication.html"><b>Grapevine is Integral Part of Informal Communication System</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/grapevine-is-integral-part-of-informal-communication.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/grapevine-is-integral-part-of-informal-communication.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a> Grapevine communication is such a communication pathway which is within informal communication system.<br />
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<a href="http://bconsi.blogspot.com/2013/03/what-causes-grapevine-to-be-active.html"><b>What Causes the Grapevine to be Active</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/what-causes-grapevine-to-be-active.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/what-causes-grapevine-to-be-active.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>We know that grapevine communication spreads message so rapidly. But what are the reasons which make it such speedy? <br />
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<a href="http://bconsi.blogspot.com/2013/03/important-characteristics-of-grapevine-communication-system.html"><b>Important Characteristics of Grapevine Communication</b></a><br />
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<a href="http://bconsi.blogspot.com/2013/03/important-characteristics-of-grapevine-communication-system.html" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://bconsi.blogspot.com/2013/03/important-characteristics-of-grapevine-communication-system.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyPfiWQexSNKUPXCaOXIW8OHRJ6-OvNxDJ5BGrgvo3MzUppt5F7TJlc59bo7IfLFSiOghl6stIyExBeSG62oyALrCisbfGVWS6TI-tJsRDxrWHRALHLQJNQ5kmr60wW6TiDLTkmVLymLR8/s1600/read-more-button.jpg" height="58" width="200" /></a>This article narrates about some important characteristics of grapevine communication.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-25786175271801066692013-07-29T02:51:00.000-07:002013-07-29T02:51:24.147-07:00Delegation of Authority and Responsibility of LeaderSince a leader is a human, No leader can complete all tasks with accuracy alone maintaining the leadership on one hand. Nevertheless, It is not possible to complete all the tasks by one person. For this reason, To achieve organizational goals, which tasks should be done those are divided among other qualified and experienced persons of organization. Although all members of a team work together, but the success and the failure both goes to on the behalf of the leader.<br />
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To achieve goals, A leader can delegate some of his tasks on other experienced and qualified persons. But the leader must be careful all the time about those delegated tasks i.e. Are those being completed successfully or not. On other side, The leader should be careful to choose the right person for delegation of authority. Because, If the person turns into failure, the responsibility will come on the head of the leader. <br />
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Here, One thing should be clear. Delegation of Authority does not mean "Transfer of all tasks and responsibilities on other shoulders". A leader can't give more freedom to his subordinates which he gets from his superior. Furthermore, the amount of delegated tasks must taken as completed from subordinates with maintaining the timeliness and accuracy by the leader.<br />
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Delegation of authority may work as opposite direction for a organization. A responsible leader must keep his cautioned eyes on this matter. And all the process is stated as the delegation of authority and responsibility of a leader. Because for the success and failure of such kind of delegation the leader is only responsible. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-86210352347722619012013-07-29T00:12:00.001-07:002021-01-12T20:34:38.958-08:00Business Communication<span style="font-size: x-large;"><i><b>C</b></i></span>ommunication acts as bridge to exchange feelings, ideas, information with one person to another person. Simply, when communication applies in business purpose, It can be defined as business communication. Normally, business communication is nothing new concept.<br />
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It is basically a special branch of general <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a>. Process, methods and types of such communication are same as general communication possesses. But the difference lies in their usage of purpose. <br />
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<tr bgcolor="#D7D7E1"><td>01</td> <td><b><a href="http://bconsi.blogspot.com/search/label/Introduction%20to%20Business%20Communication">Introduction to Business Communication</a></b></td></tr>
<tr bgcolor="white"><td>02</td> <td><b><a href="http://bconsi.blogspot.com/2013/09/two-way-communication-all-articles.html">Two-way Communication</a></b></td></tr>
<tr bgcolor="#D7D7E1"><td>03</td> <td><b><a href="http://bconsi.blogspot.com/2013/10/effective-communication-system-all-articles.html">Effective Communication</a></b></td></tr>
<tr bgcolor="white"><td>04</td> <td><b><a href="http://bconsi.blogspot.com/2013/09/barriers-to-communication-all-articles.html">Barriers to Communication</a></b></td></tr>
<tr bgcolor="#D7D7E1"><td>05</td> <td><b><a href="http://bconsi.blogspot.com/search/label/Types%20of%20Communication">Types of Communication</a></b></td></tr>
<tr bgcolor="white"><td>06</td> <td><a href="http://bconsi.blogspot.com/2013/01/introduction-to-internal-communication.html"><b>Internal Communication</b></a></td></tr>
<tr bgcolor="#D7D7E1"><td>07</td> <td><b><a href="http://bconsi.blogspot.com/2013/08/verbal-communication-all-articles.html">Verbal Communication</a></b></td></tr>
<tr bgcolor="white"><td>08</td> <td><b><a href="http://bconsi.blogspot.com/2013/03/definition-of-non-verbal-communication.html">Non-verbal Communication</a></b></td></tr>
<tr bgcolor="#D7D7E1"><td>09</td> <td><b><a href="http://bconsi.blogspot.com/2013/08/grapevine-communication-all-articles.html">Grapevine Communication</a></b></td></tr>
<tr bgcolor="white"><td>10</td> <td><b><a href="http://bconsi.blogspot.com/2013/10/communication-model-all-articles.html">Communication Model</a></b></td></tr>
<tr bgcolor="#D7D7E1"><td>11</td> <td><b><a href="http://bconsi.blogspot.com/2013/09/mass-communication-all-articles.html">Mass Communication</a></b></td></tr>
<tr bgcolor="white"><td>12</td> <td><b><a href="http://bconsi.blogspot.com/2013/09/upward-communication-system-all-articles.html">Upward Communication</a></b></td></tr>
<tr bgcolor="#D7D7E1"><td>13</td> <td><b><a href="http://bconsi.blogspot.com/2013/08/communication-process-all-articles.html">Communication Process</a></b></td></tr>
<tr bgcolor="white"><td>14</td> <td><b><a href="http://bconsi.blogspot.com/2013/08/formal-communication-system-all-articles.html">Formal Communication System</a></b></td></tr>
<tr bgcolor="#D7D7E1"><td>15</td> <td><a href="http://bconsi.blogspot.com/2013/10/informal-communication-system-all-articles.html"><b>Informal Communication System</b></a></td></tr>
<tr bgcolor="white"><td>16</td> <td><a href="http://bconsi.blogspot.com/2014/01/study-about-business-report-all-articles.html"><b>Business Report</b></a></td></tr>
<tr bgcolor="#D7D7E1"><td>13</td> <td><a href="http://bconsi.blogspot.com/2013/10/feedback-in-communication-all-articles.html"><b>Feedback in Communication</b></a></td></tr>
<tr bgcolor="white"><td>14</td> <td><a href="http://bconsi.blogspot.com/2013/10/communication-environment-all-articles.html"><b>Communication Environment</b></a></td></tr>
<tr bgcolor="#D7D7E1"><td>15</td> <td><a href="http://bconsi.blogspot.com/2013/09/written-communication-all-articles.html"><b>Written Communication</b></a></td></tr>
<tr bgcolor="white"><td>16</td> <td><a href="http://bconsi.blogspot.com/2013/09/small-group-communication-all-articles.html"><b>Small Group Communication</b></a></td></tr>
<tr bgcolor="#D7D7E1"><td>17</td> <td><b><a href="http://bconsi.blogspot.com/2013/08/visual-communication-all-articles.html">Visual Communication</a></b></td></tr>
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Knowing well communication and its <a href="http://bconsi.blogspot.com/2012/12/objective-of-business-communication.html">objective</a>, nature, <a href="http://bconsi.blogspot.com/2013/06/definition-of-communication-process.html">process</a>, <a href="http://bconsi.blogspot.com/search/label/Types%20of%20Communication">types</a> etc makes one to increase communication skills. Communication skills are such skills which increase the acceptability to others. Therefore, It bears so much importance. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-56664227527693408982013-07-18T03:57:00.000-07:002016-03-21T19:31:59.521-07:00What is the Relation between Motivation and MoraleMotivation and morale both are subject to mental feelings. But they are strongly related to each other. We know that <a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html"><b>motivation</b></a> is such a technique which is the process of creating and increasing inspiration or intention to work or job of an worker or employee. On the other side, Morale is the mental strength. Mental strength for a work is called as <b>Morale</b>. If the mental strength is high and strong then it is called high Morale. On the contrary, If the mental strength is low and week then it is called low morale. <br />
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But if there is no motivation toward work, It is uncommon to increase such morale toward the work. Motivation increases and creates the inspiration and intention toward a work and gradually by this process, Morale also increases. So, We can tell that Motivation and Morale both are strongly related to each other.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPxeJpDoa0rslRlx-A14fY0CTnXzghPWCvXwqeFXhVmYCDlpb4sgH-OAlG_EcHVyZgrfn9Yhyk-o4VTC3uEHd77dzJIYsIAivQu8sEQXJ_l-0hgFGa2jgA2ljrLlYLPHs6S9NdQsU44rF1/s1600/Motivation+Morale.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="motivation and morale" border="0" height="291" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPxeJpDoa0rslRlx-A14fY0CTnXzghPWCvXwqeFXhVmYCDlpb4sgH-OAlG_EcHVyZgrfn9Yhyk-o4VTC3uEHd77dzJIYsIAivQu8sEQXJ_l-0hgFGa2jgA2ljrLlYLPHs6S9NdQsU44rF1/s400/Motivation+Morale.JPG" title="Relation between Motivation and Morale" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Relation between Motivation and Morale</td></tr>
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As the discussion goes above, It can be said that nature of morale of employees and workers of an organization depends on the nature of given motivation of that organization. If the basic needs of workers and employees are fulfilled by a organization and the organizational authority behavior become respectful toward them, Their morale will be increased. So, The higher motivation will be given, The higher morale may be expected toward work of employees and workers. This is very normal condition. If there is lack of giving proper motivation, An organizational authority should not expect higher morale.Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-46103679582646174922013-06-30T17:23:00.005-07:002021-04-02T02:05:49.856-07:00Top Causes or Conditions of Frustration in Industry<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting... <br /></p><ul style="text-align: left;"><li><b>General Causes of Frustration in Industry</b></li><li><b>What are the Conditions of Frustration in Industry </b></li><li><b> Top Reasons or Conditions of Frustration in Industry</b><br /></li><hr /></ul><p><span style="font-size: x-large;"><i><b>G</b></i></span>enerally it is seen that a new worker or employee does not come with frustration to a organization primarily. </p><p>It is rather than opposite condition is noticeable. It means new workers/employees come with enough confident, ambition and future probabilities. <span></span></p><a name='more'></a><p></p><p>But After joining to a <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>, for some conditions or causes they feel frustration. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrGO5qYcsOGtS4Xg-xN6iDWEZ1vfhYIJX1zzmRQHHFgxen7N3lcLxl_3CvBxkfMA0YJ7NkgZmXJI_lSNw2qP6woA8CO4QJXVZdtpBOxlsJqvS4e8frZkHGlCyNQGIz6ajp3VKnYx8HpAh8/s450/frustration+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Frustration" border="0" data-original-height="304" data-original-width="450" height="270" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrGO5qYcsOGtS4Xg-xN6iDWEZ1vfhYIJX1zzmRQHHFgxen7N3lcLxl_3CvBxkfMA0YJ7NkgZmXJI_lSNw2qP6woA8CO4QJXVZdtpBOxlsJqvS4e8frZkHGlCyNQGIz6ajp3VKnYx8HpAh8/w400-h270/frustration+2.jpg" title="Frustration" width="570" /></a></div><br />Frustration effects negatively on job satisfaction and productivity too. Because, A frustrated person can't able to use his proper ability and thus productivity will decrease. <p>When the frustrated person is <a href="http://bconsi.blogspot.com/2014/01/ways-to-express-job-dis-satisfaction-of-the-employees.html">unsatisfied</a>, He feel negatively about his job satisfaction also. </p><p>There are some major reasons for which maximum workers or employees feel frustration: <br />
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<u><b>1. High Ambition: </b></u><br />Human being has some expectation all the time. It is very natural concept. </p><p>But there are some workers, who feel very high ambition. They try to capture it in a valid way, If they are failure on that way, they also try it invalid way to capture their high ambition. But they do not match up their ability and qualification with that high ambition. </p><p>Consequently, for their lack of proper qualification, They can't get to fulfill all of their high ambitions. And thus this turn into<b> <a href="http://bconsi.blogspot.com/2013/03/definition-and-meaning-of-frustration.html">frustration</a></b>. This is the one of the most common reasons of frustration in industry.<br />
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<u><b>2. Severe Competition:</b></u> <br />In workplace to get more beneficial all workers remain wake up. Here sever competition is looked. Specially, such severe competition is seen extensively in large organization. </p><p>Workers feel to pass various kinds of competitions likewise promotion, selecting for training, convenient position etc. When workers or employees fail to get such kind of opportunities, they feel frustration. It means they turn into frustration. which is just another cause of frustration in industry.<br />
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<u><b>3. External Barriers:</b></u> <br />Among general causes or general condition of frustration, this is very important and notable. Because, for external barriers, A worker or employee has no control or nothing to do. </p><p>For example: <br />For promotion, a qualified worker is ready in a organization and He expect that He must be promoted for his actual qualification. </p><p>But For political stress, <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> has to promote another unqualified person. This situation makes frustrated condition for the first qualified employee. </p><p>But, Here He has no own control, It does no need to make understand.<br />
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<u><b>4. Shortage of Facilities:</b></u> <br />In a industry, for a such amount of workers, facilities and other opportunities are really not enough. For this reason, It is seen that someone or some workers are deprived of getting such facilities and other opportunities. </p><p>This failure makes those workers or employees frustrated. <br /></p><p>For Example: <br />For a promotion there are 7 posts are nil. Management wants to fill up those from the inside of organization or industry. But there are 15 candidates available to get that promotion. Here, 7 will get chance from 13 workers or employees. 7 workers will be happy. But others who remained from getting promotion fall into frustration. </p><p>That's why it is just another remarkable reasons or cause or condition for growing frustration in industry or organization. </p><p>But such kind of growing frustration may be a negative cause for <a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">job satisfaction</a>.<br />
</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaEbR-7zmIMuOHq7QMCJyzf37127Qn4zfXMSSXRWlHeBp55gRJgumPS4Rgj-DSG7LrmosWBRjy7EjFe0PsTkhJW9Kyz6BCdxhdp_vGigHq2WCRHshlQlZXrg2MLQhI5EzBKEgW-YE_8Kyj/s621/frustration+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Frustration" border="0" data-original-height="414" data-original-width="621" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaEbR-7zmIMuOHq7QMCJyzf37127Qn4zfXMSSXRWlHeBp55gRJgumPS4Rgj-DSG7LrmosWBRjy7EjFe0PsTkhJW9Kyz6BCdxhdp_vGigHq2WCRHshlQlZXrg2MLQhI5EzBKEgW-YE_8Kyj/w400-h266/frustration+3.jpg" title="Frustration" width="570" /></a></div><p>
So, It should be told that as frustration is a psychological matter as a result above mentioned reasons are not enough. </p><p>Because who, for what, when falls into frustration nobody know and Finding its actual reasons or finding the actual <a href="http://bconsi.blogspot.com/2013/03/sources-of-frustration-types-of-frustration.html">sources of frustration</a> are also very complicated. </p><p>So, if the authority of an organization beware about to solve the common causes or conditions of frustration from the organization, then it will be easy to reduce the frustration level. </p><p>Remember, frustration is a burden for an organization to reach it goal. So, the organization should be careful and try to keep it in a bearable level so that the organization can run faster to its goal. <br /></p>Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-1166610029699889182013-06-29T07:09:00.003-07:002020-11-10T08:58:26.675-08:0010 Difference between Formal Communication and Informal Communication<div style="text-align: justify;"><span style="font-size: x-large;"><i><b>F</b></i></span>ormal and informal communication both are important and <a href="http://bconsi.blogspot.com/2012/12/how-to-make-communication-effective.html">effective</a> in the way of their usage and application. </div><div style="text-align: justify;"> </div><div style="text-align: justify;">Formal communication strictly follows rules and regulation prescribed by organization. On the contrary, Informal communication does not maintain any rule and regulation.<br />
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</div><div style="text-align: center;"><img alt="formal & informal communication" border="0" data-original-height="364" data-original-width="464" height="314" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgiQI0HzKJ-4M66dz-Vne381W6PCg0AQ8J0hloHHBEgsFioOpdNNZCGca8YGZrKs44aqP3m0ylytWMc-ArcjVhTPdZzm7q9oS28mTrVQhBkPt0TpYkFPfiEQd4e3FdQCYsBEsQ0lDCGR4wJ/w400-h314/Formal-vs-informal-communication.png" title="Formal & Informal communication" width="550" /></div><div style="text-align: justify;"><br />
Formal and Informal communication both can be <a href="http://bconsi.blogspot.com/2012/12/definition-of-effective-communication.html">effective communication</a> for a organization if the <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> can handle those properly. Although Informal communication is out of control of Management. But strategic planning may help to make it fruitful for <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organizational</a> purpose. </div><div style="text-align: justify;"> </div><div style="text-align: justify;">However, Differences between Formal communication and Informal communication can shown on the following aspects:</div><br /><br />
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<table bgcolor="#8282A3" border="0.10" bordercolor="#CCCCFF" cellpadding="6" cellspacing="1">
<caption><b>Difference Between Formal Communication and Informal Communication </b></caption>
<tbody>
<tr bgcolor="lime"><td style="text-align: center;"><b>Differences</b></td><td style="text-align: center;"><a href="http://bconsi.blogspot.com/2013/03/definition-of-formal-communication.html"><b>Formal Communication</b></a></td> <td style="text-align: center;"><a href="http://bconsi.blogspot.com/2012/11/definition-of-informal-communication.html"><b>Informal Communication</b></a></td></tr>
<tr bgcolor="#D7D7E1"><td>01. Rules</td> <td>In Formal communication, Organizational rules are strictly followed.</td> <td>It does not generally follow the rules of <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a></td></tr>
<tr bgcolor="white"><td>02. Recognition </td> <td>Such communication requires officials recognition.</td><td>In informal communication, It does not require any officials recognition.</td></tr>
<tr bgcolor="#D7D7E1"><td>03. Flexibility</td> <td>It is inflexible in nature as it cannot be changed when desired.</td><td>Being flexible, It can be changed easily.</td></tr>
<tr bgcolor="white"><td>04. Secrecy</td> <td>Such <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">Communication</a> is not free and open to all. So, Secrecy is maintained here.</td><td>It is free and open to all, So it is very difficult to maintain secrecy here. i.e.<a href="http://bconsi.blogspot.com/2012/12/What-is-grapevine-communication-system-and-features-of-Grapevine-communication.html">Grapevine communication</a> which spread informally. </td></tr>
<tr bgcolor="#D7D7E1"><td>05. Time & Cost</td> <td>It follows various rules of organization. So, It requires much time and cost.</td><td>Informal communication does not bother for the formalities of organization and therefore it requires less time and cost.</td></tr>
<tr bgcolor="white"><td>06. Record Keeping</td> <td>This type of communication involves <a href="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html">written</a> procedure, So record can be kept in formal communication.</td><td>Permanent record is impossible here because almost nothing is written here. </td>
</tr>
<tr bgcolor="#D7D7E1"><td>07. Errors or Mistakes</td> <td>Very careful attention is given here in encoding the message and sending the message through formal way. Due to this seriousness, there is less chance of placing mistakes or errors.</td><td>It is personal in nature and therefore less attention is involved which can cause many errors or mistakes. </td>
</tr>
<tr bgcolor="white"><td>08. Compulsion</td> <td>It is bound to follow the formal rules of communication.</td><td>There is no pressure here to follow any rules. </td>
</tr>
<tr bgcolor="#D7D7E1"><td>09. Necessity</td> <td>Formal communication is necessary to achieve organizational goal.</td><td>Informal communication is necessary to improve personal relation.</td></tr>
<tr bgcolor="white"><td>10. Delegation or Authority</td> <td>Authority can be delegated through formal communication.</td><td>Authority can not be delegated through such communication.</td>
</tr>
</tbody></table>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-12536145871124544422013-06-28T09:21:00.003-07:002021-01-16T07:28:27.719-08:00Definition of Market Report or Meaning of Market Report<p><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</p><ul style="text-align: left;"><li><b>Definition of Market Report</b></li><li><b>Meaning of Market Report </b></li></ul><hr /><p></p><p><span style="font-size: x-large;"><i><b>B</b></i></span>usinessmen should know the demand of customer or consumer for proper marketing of goods or services. Hence, There is the need of market <a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html">report</a>. <br />
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A <b>market report</b> reflects the market condition in terms of product or service. That's why It is one kind of <a href="http://bconsi.blogspot.com/2013/06/definition-of-business-report.html">business report</a>.<br />
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In other words, A market report states about a product or service considering <a href="http://bconsi.blogspot.com/2020/09/what-is-price-definition-explanation.html">price</a> level, demand and supply, nature of transaction and market trend of such product or service.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpVknERM5styeBtlixzOJyjlv3fTDkPV3HOKAz8lV5HrpCFvFZFcPzJZiCMp-jHmgEscCamy59HNfbxILlZ4PgLeARQUSPF2W4BwQ33Y_kkgR4jE47EdYRzFpMuOyonNGfz3WRfUIErR7B/s621/market+report.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Market Report" border="0" data-original-height="280" data-original-width="621" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpVknERM5styeBtlixzOJyjlv3fTDkPV3HOKAz8lV5HrpCFvFZFcPzJZiCMp-jHmgEscCamy59HNfbxILlZ4PgLeARQUSPF2W4BwQ33Y_kkgR4jE47EdYRzFpMuOyonNGfz3WRfUIErR7B/w400-h180/market+report.jpg" title="Market Report" width="570" /></a></div> <br /><div style="border: 10px ridge rgb(0, 102, 255);">
<blockquote>
<u>Different authors have defined Market Report on their aspects:</u><br />
According to <b>M.A. Lorenzo</b>, "A market report is an index to business condition prevailing in a particular market at a specified period or on a fixed day."<br />
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Another <b>Scholar</b> quoted as " A market report is the publication of records of business transactions over a specified period."
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</div>
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So, market report is a statement regarding the purchase and sale, demand and supply, price level, market trend, nature of transaction of a particular product or service.<br />
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<u><b>A market report usually includes→</b></u><br />
<div style="margin-left: 180px;">
♣Demand of the products<br />
♣Supply of the products<br />
♣Nature of the products<br />
♣Nature of trading<br />
♣Price of the products<br />
♣Method of the transactions<br />
♣Stock of the products etc.</div>
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So, we can conclude, The report which is written of the basis of the transactions of a definite market at a specific period or on a day is called market report. Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-20571399311318422252013-06-26T23:56:00.002-07:002014-01-14T11:56:52.608-08:00Classification of Personality-Different Types of Personality<div dir="ltr" style="text-align: left;" trbidi="on">
Personality means a sum of total characteristics of a person which can be good or bad. Usually, People are attracted by a person who has good and strong personality. There are various types of personality are seen among human being. A famous writer and researcher named Holland, classifies personality in six division as it nature. Those are discussed below:<br />
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<b>1. Realistic Personality:</b> Having realistic personality, A person is realistic. He observes everything in the realistic mood. This type of personality is usually natural and normal. Such people can't like any artificial behavior and strongly try to focus on the real fact.<br />
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<b>2. Investigative Personality:</b> A person who has investigative personality is a type of very analytical nature. They analyze thing clearly and pin-pointed. An investigative person generally is thoughtful and takes time to make decision. Curiosity is a one kind of nature of their character.<br />
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<b>3. Social Personality:</b> This type of persons are usually helpful to all and think for others progress. Having social personality, A man is generally kind and takes responsibility on his shoulder. Actually, Such persons are external types of personalities. <br />
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<b>4. Conventional Personality:</b> Who are in such personality or who has conventional personality, They are usually provide respect to law. They maintain every rule and regulation of law and doesn't out of it. They all time keep discipline and drive life on that way. They also suggest others who are nearby themselves to maintain such rules and regulation strongly. A conventional person is also realistic and very rude about their work and responsibility.<br />
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<b>5. Enterprising Personality:</b> Such type of persons are very active, self-confident and reserved high expectation. They go forward with a task with mass confident. And One of the most common nature of enterprising personality person is They don't leave thing usually till they get the success. They feel passion much for new project and want to justify its loss and profit, risk measurement etc. They take every task as a challenge.<br />
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<b>6. Artistic Personality:</b> Who have artistic personality, They have usually artistic attitude. Basically they work with emotion rather than justifying the realistic matters. They have much conceptual tendency. If they can't control themselves, conception and emotion can hamper their whole life. <br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW1U4sE8Hr2mDNvRFyTWDOoXr9q8ZyUOfmkZJMmxkd9ijJgmF8S-TnSgQNDG1cKRRYeVggsa9iJF2iIztDNVe_RnJA7iHdCh39aoIxWj-OzOFTSMOFQnHRY_X63lbzDcwokmC_ppzDSuwu/s1600/images.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="318" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW1U4sE8Hr2mDNvRFyTWDOoXr9q8ZyUOfmkZJMmxkd9ijJgmF8S-TnSgQNDG1cKRRYeVggsa9iJF2iIztDNVe_RnJA7iHdCh39aoIxWj-OzOFTSMOFQnHRY_X63lbzDcwokmC_ppzDSuwu/s320/images.jpeg" width="320" /></a></div>
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From the above discussion, We can know six types of personality among us. As a organizational employee, worker or managers We must know this and study on such behavior to achieve organizational goal along with recognize our nearby person's personality. </div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-62447347171863704032013-06-25T19:41:00.001-07:002021-01-16T07:44:21.396-08:00Definition of Report<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: x-large;"><i><b>A</b></i></span> <b>report</b> is an impersonal presentation of facts. The main purpose of writing a report is to present some important information impersonally. It performs many functions; analyzing facts, informing and recommending suggestions, helping making decisions and so on. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Business executives can't give much attention to any particular problem or issue. So, they are to depend on <a href="http://bconsi.blogspot.com/2013/06/definition-of-business-report.html">business report</a>.<br />
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Managers take important decision on the basis of the recommendations of the report. Reports help in conducting routine functions of the organization. <br /><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMW4UNO_gBEJY6zXJfOym2KrkM6u8Cl0q2AHOT7tiFo3u8LP7CyOT7Oau227hyphenhyphenCyzQYR9kL1D3_K9VjboSSFGv4ziRcK4yP2LI7OFtQHR2laue9n5NKbatWBZj4tXQHUSWnIjiDwIgFpzJ/s1011/report.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Report" border="0" data-original-height="500" data-original-width="1011" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMW4UNO_gBEJY6zXJfOym2KrkM6u8Cl0q2AHOT7tiFo3u8LP7CyOT7Oau227hyphenhyphenCyzQYR9kL1D3_K9VjboSSFGv4ziRcK4yP2LI7OFtQHR2laue9n5NKbatWBZj4tXQHUSWnIjiDwIgFpzJ/w400-h198/report.jpg" title="Report" width="570" /></a></div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Lower level officers or branch upper executive send reports about daily, weekly or monthly description of working progress to the upper level of the <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>. or head office.<br />
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So, it is the most important form of <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a> in the <a href="http://bconsi.blogspot.com/2016/07/16-functions-of-business.html">business world</a>. That's why it should be prepared very carefully. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Information presented in the report must be accurate and clear. The reporter should prepare it impersonally. The wording of report should be simple and concise. As a result, It will be able to serve many <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> problems. <br />
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The word "Report" probably originated from the Latin word "Reportare". Here, "Re" means "back" and "portare" means carrying something back. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">In a general sense, report is an impersonal presentation of facts. A report is a communication from someone who has some organized information to someone who wants to use that information. It is an orderly presentation of information that assists in decision making and problem solving process.<br />
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<u><span face="Verdana,sans-serif"><b>A Short <a href="http://bconsi.blogspot.com/2013/06/characteristics-features-of-good-business-report.html">Characteristics of a Good Report</a></b></span></u><br />
From The above discussion We can identify certain characteristics of a report which are as follows:<br />
<ul style="text-align: left;">♣A report is the presentation of facts or information.<br />
♣It is presented in an impersonal manner.<br />
♣The wording of it should be simple, clear, complete and concise.<br />
♣The facts presented in the report should be accurate.</ul>
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<table bgcolor="#8282A3" border="0.10" bordercolor="#CCCCFF" cellpadding="6" cellspacing="1">
<caption>Content with Report and Business Report on <a href="http://bconsi.blogspot.com">Business Consi</a></caption>
<tbody>
<tr bgcolor="#D7D7E1"><td>01</td> <td><a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html">What is Report</a></td></tr>
<tr bgcolor="white"><td>02</td> <td><a href="http://bconsi.blogspot.com/2013/06/definition-of-business-report.html">Definition of Business Report</a></td></tr>
<tr bgcolor="#D7D7E1"><td>03</td> <td><a href="http://bconsi.blogspot.com/2013/06/size-and-scope-of-business-report.html">Size and Scope of the Report</a></td></tr>
<tr bgcolor="white"><td>04</td> <td><a href="http://bconsi.blogspot.com/2013/06/advantages-of-report-writing.html">Advantages of Report Writing</a></td></tr>
<tr bgcolor="#D7D7E1"><td>05</td> <td>Disadvantages of Report Writing</td></tr>
<tr bgcolor="white"><td>06</td> <td>Criteria to Evaluate a Report</td></tr>
<tr bgcolor="#D7D7E1"><td>07</td> <td><a href="http://bconsi.blogspot.com/2013/06/characteristics-features-of-good-business-report.html">Important Characteristics/Features of a Good Report</a></td></tr>
<tr bgcolor="white"><td>08</td> <td><a href="http://bconsi.blogspot.com/2013/06/importance-of-report.html">Importance/Purposes/Objectives of a Good Report</a></td></tr>
<tr bgcolor="#D7D7E1"><td>09</td> <td><a href="http://bconsi.blogspot.com/2013/06/essential-features-or-qualities-of-good-reporter.html">Features/Qualities of a Good Reporter</a></td></tr>
<tr bgcolor="white"><td>10</td> <td><a href="http://bconsi.blogspot.com/2013/06/elementary-steps-for-drafting-report.html">Steps for Drafting a Report</a></td></tr>
<tr bgcolor="#D7D7E1"><td>11</td> <td>Which Method of Drafting Report is Better and Why</td></tr>
<tr bgcolor="white"><td>12</td> <td>Organization or Structure of a Report</td></tr>
<tr bgcolor="#D7D7E1"><td>13</td> <td><a href="http://bconsi.blogspot.com/2013/06/classification-of-reports.html">Types or Classification of Reports</a></td></tr>
<tr bgcolor="white"><td>14</td> <td>Difference between Informal and Analytical Report</td></tr>
<tr bgcolor="#D7D7E1"><td>15</td> <td><a href="http://bconsi.blogspot.com/2013/06/definition-of-informal-report.html">Definition of Informal Report</a></td></tr>
<tr bgcolor="white"><td>16</td> <td><a href="https://bconsi.blogspot.com/2013/10/usage-of-informal-report.html">Uses of Informal Report</a></td></tr>
<tr bgcolor="#D7D7E1"><td>17</td> <td>The Development Process of Informal Report</td></tr>
<tr bgcolor="white"><td>18</td> <td>The Writing Process of an Informal Report</td></tr>
<tr bgcolor="#D7D7E1"><td>19</td> <td>Essential Parts of the Informal Report</td></tr>
<tr bgcolor="white"><td>20</td> <td>Definition of Formal Report</td></tr>
<tr bgcolor="#D7D7E1"><td>21</td> <td>Uses of Formal Report</td></tr>
<tr bgcolor="white"><td>22</td> <td>The Development Process of Formal Report</td></tr>
<tr bgcolor="#D7D7E1"><td>23</td> <td>The Writing Process of Formal Report</td></tr>
<tr bgcolor="white"><td>24</td> <td>Definition of Graphical Representation of Report</td></tr>
<tr bgcolor="#D7D7E1"><td>25</td> <td>Advantages/Importance of Graphical Representation of Reports</td></tr>
<tr bgcolor="white"><td>26</td> <td>Disadvantages of Graphical Representation of Reports</td></tr>
<tr bgcolor="#D7D7E1"><td>27</td> <td>Difference between a long and short report or Difference between formal and informal report</td></tr>
<tr bgcolor="white"><td>28</td> <td><a href="http://bconsi.blogspot.com/2013/06/definition-of-market-report-meaning-of-market-report.html">Definition of Market Report</a></td></tr>
<tr bgcolor="#D7D7E1"><td>29</td> <td>Essential Features of a Market Report</td></tr>
<tr bgcolor="white"><td>30</td> <td>Importance of Market Report for Marketing of Agricultural Product</td></tr>
<tr bgcolor="#D7D7E1"><td>31</td> <td>Types of Market Report</td></tr>
<tr bgcolor="white"><td>32</td> <td>Structure of a Market Report</td></tr>
<tr bgcolor="#D7D7E1"><td>33</td> <td><a href="https://bconsi.blogspot.com/2013/06/definition-of-business-report.html">Summery of Report Writing depending on Business Concept or business report</a><br /></td></tr>
</tbody></table>
</div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-19099688405217776992013-06-25T08:42:00.005-07:002020-11-11T21:10:05.408-08:006 Most Common Indicators of Job Satisfaction<div dir="ltr" style="text-align: left;" trbidi="on">
<i><span style="font-size: x-large;"><b>I</b></span></i>ndicators of <i><b><a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">job satisfaction</a></b></i> mean some elements by studying which the level or scale of job satisfaction among employees or workers in a organization can be known. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Knowing the scale of job satisfaction is significant for proper and disciplined operation and controlling of Management in a <a href="http://bconsi.blogspot.com/2018/05/what-is-organization.html">organization</a>. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">In addition, These indicators provide the basic and in some case deep analysis of how to measure job satisfaction among the employees or workers.<br />
<a name='more'></a></div><div dir="ltr" style="text-align: left;" trbidi="on"></div><div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ00FvFUdeTkSpluL5WJC8qx2RNq83ycH4qWq21hU1gKJo5RicDCRvxbyTmnVczRo10c7VPMDWRFGDYiuQQwC5kZmoyqAhR1-co1aoAOYFSKNMs1QYypncXpgWjPbnnZWeQaoDWC98a3E_/s1024/job+satisfaction.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="job satisfaction" border="0" data-original-height="483" data-original-width="1024" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ00FvFUdeTkSpluL5WJC8qx2RNq83ycH4qWq21hU1gKJo5RicDCRvxbyTmnVczRo10c7VPMDWRFGDYiuQQwC5kZmoyqAhR1-co1aoAOYFSKNMs1QYypncXpgWjPbnnZWeQaoDWC98a3E_/w400-h189/job+satisfaction.jpg" title="Job Satisfaction" width="550" /></a></div><br /> </div><div dir="ltr" style="text-align: left;" trbidi="on">The following elements are considered as the indicators of job satisfaction for a factory or organization which are discussed below:<br />
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<u><b>1. Rate of Productivity</b></u><br />
To measure the job satisfaction among employees and workers, rate of productivity is considered as a leading indicator. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Because if there is not existed proper job satisfaction among employees, production workers must be less and their productivity will decrease day by day. For this reason, checking the rate of productivity in a factory, It can assume easily that how much job satisfaction exists among those employees or workers. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Consequently, Rate of productivity is an important factor of consideration to measure job satisfaction in a factory or organization. <br />
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<u><b>2. Rate of Labor Turn-over</b></u><br />
If labors come to factory to work and go and thus this process continue again and again, it is called as labor turn over. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">When a worker remains satisfied with his work, He usually does not want to leave the work or job. After analyzing rate of labor turn-over, Rate of job satisfaction can understand easily that how much <a href="http://bconsi.blogspot.com/2014/01/major-steps-in-job-satisfaction-survey.html">job satisfaction is existed among workers</a>. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">If workers/employees are satisfied with their work/job in a factory, they usually do not leave that factory only for a little problem. They like to love their work when proper job satisfaction exists among them. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">When labor turn over rate is high, then we should understand that there is really very <a href="http://bconsi.blogspot.com/2014/01/ways-to-express-job-dis-satisfaction-of-the-employees.html">low job satisfaction level</a> is existed.<br />
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<u><b>3. Rate of Complain</b></u><br />
A satisfied worker usually does not provide complain to his superior. When there is very high rate of complain, It usually indicate that there is existed job unsatisfactory among those workers. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on"><a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">Management</a> should handle this types of problems carefully. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">If management fails to control, The organization can't achieve its goal. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">A satisfied worker does not think a small problem as a big problem and provide complain because he is satisfied with his work. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">But An unsatisfied worker treats a small problem as a big problem and make complain. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">By the rate of complain, It is easily <a href="http://bconsi.blogspot.com/2014/01/ways-to-express-job-dis-satisfaction-of-the-employees.html">understand the rate of job satisfaction</a> among the employees or workers in an organization.<br />
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<u><b>4. Rate of Accident in the Factory</b></u><br />
In factory, Who are satisfied with their work or job, Accident usually are happened less by them. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">But Who are not satisfied, most of time they remains careless and as a result accident happens by them most of time. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">By studying this the rate of accident in a factory, we can assume the job satisfaction level of an <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>.<br />
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<u><b>5. Rate of the Wastage of Time and Materials</b></u><br />
Lacking of proper job satisfaction don't <a href="http://bconsi.blogspot.com/2013/06/definition-of-motivation-what-is-motivation.html">motivate</a> employees to work self-intentionally. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">As a result, proper usage of time and materials are not handled by them. Wastage of labor hour and materials are a big loss for a factory which bring less profit even loss. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">On the contrary, Who are satisfied with their work and job, They don't do such kind of behavior. They remain attentive to their job. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">As a result a factory can earn more profit. And thus organizational goal can be achieved.<br />
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<u><b>6. Rate of Absence</b></u><br />
Rate of absence is just another important factor or indicator to justify the job satisfaction level among employees or workers in a factory or organization. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Who are unsatisfied with their work, They usually are absent to their work. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">On the contrary, Who are satisfied, they enjoy their work and always try to present at the work place.<br />
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After analyzing above mentioned points, we can conclude that job satisfaction is such a factor which must be achieve among employees by the management to achieve organizational goal. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Without job satisfaction, No factory or organization can achieve its actual goal. </div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-7870071727786405532013-06-22T08:27:00.003-07:002020-11-12T10:18:06.070-08:00Definition of Informal Report<div dir="ltr" style="text-align: left;" trbidi="on">
There are <a href="http://bconsi.blogspot.com/2013/06/classification-of-reports.html">various types of reports</a>. All types of report can be classified according to their action, formality, function and length etc. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">From the view of formalities all reports can be classified in two division i.e. Formal report and informal report.</div><div dir="ltr" style="text-align: left;" trbidi="on"><br />
<a name='more'></a><div style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaU5foUITBkVLvNWdNxlzcnrWX5mToENVMee7Tkge57ghe7_PKQBDUEWUns62sHElDayERLXo6wpcjn173KjzjWy-A4PN9uUShsNd9ifKhxG1ZbHXup0Kh3M7hNVcYd90a4Rv-h4p7_B1H/s1011/report+writing+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="report" border="0" data-original-height="500" data-original-width="1011" height="136" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaU5foUITBkVLvNWdNxlzcnrWX5mToENVMee7Tkge57ghe7_PKQBDUEWUns62sHElDayERLXo6wpcjn173KjzjWy-A4PN9uUShsNd9ifKhxG1ZbHXup0Kh3M7hNVcYd90a4Rv-h4p7_B1H/w320-h136/report+writing+3.jpg" title="report" width="550" /></a><br /></div></div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">An <b>informal report</b> is usually in the form of a person to person <a href="http://bconsi.blogspot.com/2012/11/definition-of-communication-wide.html">communication</a>. It does not follow the rules and procedure directed by an <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">organization</a>.<br />
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Informal report can be prepared in one page or if require it can be prepared in several pages too.<br />
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Such report is quickly prepared and does not require any extended planning. Informal report follows natural language and style. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">The main purpose of informal report is to present certain information. And there is no opportunity to add personal comment or opinion in such report. <br />
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Actually informal reports are the shortest as well as simplest of all kinds of reports. These reports are most frequently used to report in <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a>. Informal reports are generally <a href="http://bconsi.blogspot.com/2013/05/definition-of-written-communication.html">written</a> in <a href="http://bconsi.blogspot.com/2012/12/what-is-office-memo-or-memorandum.html">memo</a> or letter formats.<br />
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Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-91445594108373139542013-06-21T02:59:00.001-07:002016-03-21T19:32:05.955-07:00Definition or Meaning of Motivation in Business<div dir="ltr" style="text-align: left;" trbidi="on">
Motivation is such a process which is used to inspire, increase stamina and work ability by mentally satisfaction among the employees or workers to their work or job in a organization. In brief, Motivation is something which inspires one to work self-intentionally.<br />
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The word Motivation derives from the Latin word "Movere". The Latin word "Movere" means "To move", "To drive" or "To drive forward" etc. <br />
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Human resource is the main power of an organization which activates all of function of it. Human resource is not as like as other element of a business. It is naturally different. Without proper motivation, Employees or workers of an organization can be hopeless, frustrated and more. Consequently, Motivation is necessary to achieve organization goal. For achieving goal with human, making him prepared by effecting his mental condition is stated as Motivation. Motivation also effects employees <a href="http://bconsi.blogspot.com/2013/06/meaning-and-definition-of-job-satisfaction.html">job satisfaction</a> level. <br />
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<div style="border: 10px ridge #0066FF;">
<blockquote>
<u>Different famous author stated about Motivation:</u><br />
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<b>1. Glueck</b> said about Motivation as " Motivation is the inner state that energizes channels and sustains human behavior."<br />
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<b>2.</b> In <b>Encyclopedia of Management</b> " Motivation refers to the degree of readiness of an organism to pursue some designed goal and implies the determination of the nature and locus of forces inducing the degree of readiness."<br />
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<b>3. Joe Kelly</b> defined Motivation as "Motivation is a process where by needs instigate behavior directed towards the goals that can satisfy those needs."</blockquote>
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The speed of human does not be stable all time. It can be slow sometimes. That's why Management should be aware about giving proper motivation to employees so that working process remains active.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSSssK5Rx763-_eJpLU6ofsoJA3Pq63b3CsY-D9izb-04dwDS-VRgni44_5wk9_OHs0OnrB3vP_jiIPZRr3Uyw1aTOfgmpDfhLM6F8624UUFqV-RgaBZ0LTgqJ1wenrhk0n9NKeJeekK4/s1600/Motivation-Basic-cycle.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Motivation Cycle" border="0" height="281" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSSssK5Rx763-_eJpLU6ofsoJA3Pq63b3CsY-D9izb-04dwDS-VRgni44_5wk9_OHs0OnrB3vP_jiIPZRr3Uyw1aTOfgmpDfhLM6F8624UUFqV-RgaBZ0LTgqJ1wenrhk0n9NKeJeekK4/s400/Motivation-Basic-cycle.JPG" title="Basic Motivation Cycle" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>Basic Motivation Cycle</b></td></tr>
</tbody></table>
Motivation drives human being to right path. For this, Motivation is called working force. For higher productivity and achieving organizational goal, Management must obtain motivational steps to provide proper motivation to employees. Motivation is a attitude which is work-related. If proper motivation is given to employees or workers, They intend to work spontaneously. </div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-84183096951515595282013-06-19T23:30:00.004-07:002021-01-18T23:04:31.521-08:00Advantages of Report Writing<div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</div><ul style="text-align: left;"><li><b>Advantages of Report Writing</b></li><li><b>Benefits of Report Writing</b> </li></ul><div dir="ltr" style="text-align: left;" trbidi="on"><hr /></div><div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-size: x-large;"><i><b>R</b></i></span>eport bears very much importance in the field of business, commerce and trade. For this reason, A student of <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">business</a> studies should know about pros and cons of report and its various aspects. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on"><i><b>Advantages of report writing</b></i> also make us to understand the <a href="http://bconsi.blogspot.com/2013/06/importance-of-report.html">importance of report writing</a>. The most common advantage of report writing is that it helps the <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> to take a precious decision.<span><a name='more'></a></span><br /></div><div dir="ltr" style="text-align: left;" trbidi="on"> <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK-McSEOi7H5U_2DcGpZezNAkJC4ugASqgpDLtk8V63zY8-MFXCwqjStpZZp9qOmh5aISvb58j6KVEGG6hH5H8LTp6TLpZJISDjtQd2IGTzWqGHBva_4ofNAq9Tdh9bp7Cdl9bHoAEd66s/s2500/report+2.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="report" border="0" data-original-height="1667" data-original-width="2500" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK-McSEOi7H5U_2DcGpZezNAkJC4ugASqgpDLtk8V63zY8-MFXCwqjStpZZp9qOmh5aISvb58j6KVEGG6hH5H8LTp6TLpZJISDjtQd2IGTzWqGHBva_4ofNAq9Tdh9bp7Cdl9bHoAEd66s/w400-h266/report+2.jpg" title="Report" width="570" /></a></div><br /></div><div dir="ltr" style="text-align: left;" trbidi="on">However, Report writing provides the below advantages in our business as well as personal life:<br />
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<b>1. Keep Records:</b> Report keeps record and provides valuable source of information. We can re-use this information for future reference. That means a report exists for the backup of information.<br />
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<b>2. Provide Information:</b> <a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html">Report</a> provides information in terms of tables, graphs, charts and illustration and therefore we can be aware of facts and figures as an update. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">Nowadays, information are treated as the most valuable asset in the modern world. It is the same as for the business world too.<br />
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<b>3. Indicate Status:</b> Report indicates the current status of any project and therefore we keep on knowing what we are doing. It communicates to donors and founders for project progresses.<br />
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<b>4. Facilitates Research:</b> It facilitates research work as it is source of quantitative and qualitative information. For example, a <a href="http://bconsi.blogspot.com/2013/06/definition-of-market-report-meaning-of-market-report.html">market report</a> shown the market condition of a product.<br />
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<b>5. Setting Actions:</b> Report shows comparison and analysis with critical evaluation and therefore it helps to determine future actions.<br />
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<b>6. Decision Making:</b> Decisions can be easily made based on the recommendations given in report. Because a report shows a complete picture of the circumstances.<br />
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<b>7. Building Relation:</b> Report builds relationship between author and reader. It creates impression on author's knowledge and philosophy and also provides insight regrading his analytical and critical understanding.<br />
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There are a lot of benefits that can be gotten from the usage of report. A report gives us many advantages for our business concerns and personal life too as some advantages of report writing has been illustrated above. </div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.comtag:blogger.com,1999:blog-6778387346353849376.post-67618649501739720012013-06-19T22:44:00.002-07:002021-01-18T23:18:53.338-08:00Size and Scope of the Business Report<div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-size: x-large;"><i><b>Y</b></i></span>ou are getting...</div><ul style="text-align: left;"><li><b>The Idea of The Size of a Business Report</b></li><li><b>The Idea of The Scope of a Business Report </b></li></ul><div dir="ltr" style="text-align: left;" trbidi="on"><hr /></div><div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-size: x-large;"><i><b>W</b></i></span>hen you are going to prepare a report, you need to have the proper knowledge of its size and scope. Below we've made a discussion with some issues of the size and scope of a <a href="https://bconsi.blogspot.com/2013/06/definition-of-business-report.html">business report</a>. <span><br /><a name='more'></a></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKyvglFhklqc8xOYfPpO3-Fm45V945Zua5cpnQaqFQIPnKzmKUFLPjNiEm8RvEIX7JwWAL6WODxEfEe_zerLTc0_pEez78J6RpNdKop2C8jkFxOMXKr87zKH7Cy2Sr5cASe5Lz1tOOPcq2/s810/report+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="business report" border="0" data-original-height="506" data-original-width="810" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKyvglFhklqc8xOYfPpO3-Fm45V945Zua5cpnQaqFQIPnKzmKUFLPjNiEm8RvEIX7JwWAL6WODxEfEe_zerLTc0_pEez78J6RpNdKop2C8jkFxOMXKr87zKH7Cy2Sr5cASe5Lz1tOOPcq2/w400-h250/report+3.jpg" title="Business Report" width="570" /></a></div><br /><div dir="ltr" style="text-align: left;" trbidi="on"><br /></div><div dir="ltr" style="text-align: left;" trbidi="on"><b><u>Size:</u> </b>The size of the report depends on the objective and necessity of the report. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">A <a href="http://bconsi.blogspot.com/2013/06/definition-of-report.html">report</a> may be a small piece of paper or it may be a bundle of hundred pages. It may cover the topics of financial aspect, industrial aspect, technical aspect, social or natural aspect depending on the situation or circumstance. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">The size of a report is a relative matter. If necessary it can be too large or it can be of small size.<br />
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<u><b>Scope:</b></u> The nature and objective of the report affect significantly towards the scope of the report. Due to advancement of <a href="http://bconsi.blogspot.com/2013/08/definition-of-business-organization.html">business administration</a>, the scope of report is also increasing day by day. </div><div dir="ltr" style="text-align: left;" trbidi="on"> </div><div dir="ltr" style="text-align: left;" trbidi="on">At present, it is the contribution of scientific management because scientific <a href="http://bconsi.blogspot.com/2016/03/definition-of-management.html">management</a> investigates, analyses and recommends on a certain issue of interest. And therefore report is prepared on each event for making decision which are extending the scope of a report.<br />
<br /><u><b>The Scope of a Business Report:</b></u><br />
The scope of the business reports can be discussed as follows:<br />
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<b>1.</b> <a href="http://bconsi.blogspot.com/2013/10/definition-of-business.html">Business</a> reports are widely used in formulating and upgrading <a href="http://bconsi.blogspot.com/2018/05/what-is-organizational-behavior.html">organizational</a> policies and procedures.<br />
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<b>2.</b> Reports provide opportunity to look into available investment areas for future investment.<br />
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<b>3.</b> The development ideas and concepts of new product are presented through a report.<br />
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<b>4.</b> Reports highlight about employee grievances and labor relations. This helps to establish good employees relationship.<br />
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<b>5.</b> Reports help the companies to formulate effective marketing strategies.<br />
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<b>6.</b> Investigation report helps to claim any compensation or make any action.<br />
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<b>7.</b> Report provides basis to evaluate any performance.<br />
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<b>8.</b> Report speaks about customer's opinion and therefore it helps the companies to bring necessary changes in product or services.<br />
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<b>9.</b> Report helps to establish effective control and coordination.<br />
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<b>10.</b> Report shows information regarding various concern of an organization. This provides proper understanding of any issue or aspect. </div>
Mohammad Salauddinhttp://www.blogger.com/profile/16327148465391632817noreply@blogger.com