Developments in business finance have been extensive in the last few years. And the Cloud has rapidly become a buzzword in all corner of business. Regarding the finances of your company, there are a number of ways that the Cloud can healthily benefit them. Increased security, remote access, and increased prevention of data-loss are just a few of the benefits that are explored in this article.
Data security from cyber-crime
The finances of a company are the most important thing to safeguard. Many people believe that a company’s finances are nothing more than a bank account and a few flow charts ever month, but nothing could be further from the truth. A huge amount of information such as customer payment details, addresses, not to mention records of a company itself used to produce financial reports and monitor its progress.
Making sure these are all safe is paramount. Migrating data to The Cloud allows for a much stronger encryption than on standard business severs and hard drives which may be at risk from many internet-based maladies such as viruses, malware and Trojan Horses.
Data safety from human error
Human error always plays a major part in the destabilisation of a company’s financial records. We’ve all been there – a hundred similarly named or labelled files and the wrong one gets deleted! In a small company this can be potentially very serious, especially if you are using any accounting software such as Sage One which may contain valuable information about your business transactions.
When data is migrated to the Cloud it will always be safe, and any files that are mistakenly deleted can be retrieve instantly. It is also very effective should any part of an office-based server or hard drive suffer a malfunction and render its data irretrievable.
Cloud software also offers the ability of remote access. This is particularly handy for a great deal of reasons. The main benefit of remote access means that any user does not need to be in the exact location of the computer and can access important information from any part of the world at any time of day.
If something has gone wrong, or you need to double check some information, if a client is requesting a copy of a business transaction or you simply want to update a file, you can do that without having to wait until first thing Monday morning.
The Cloud’s remote access abilities really have increased the speed of business a great deal, extending the internal global reach of any company choosing to adopt it. Remote access is also very handy for presenting information to foreign investors.
Companies can choose from four market coverage strategy:
1. Undifferentiated targeting strategy, this strategy is considered a market as a huge market with similar needs, so that there is only one marketing mix used to serve all markets.
Companies rely on the production, distribution, and advertising in mass in order to create a superior image in the eyes of most consumers.
2. Differentiated targeting strategy, the company produces several products that have different Consumers require variations and changes so that the company strives to offer a wide range of products that can meet those needs variation.
3. Concentrated targeting strategy, the company focuses more on product offers multiple one segment that is considered the most potential.
4. Custom targeting strategy, more leads to the approach to the customer individually.
Steps in developing a targeting are:
1. Evaluate the attractiveness of each segment by using variable-variables that can quantify the possibility of requests from each segment, the cost of serving each segment, and the alignment of core competence of the company and the target market opportunities.
2. Select one or more target segments based on the potential that want to be served and the segment profit for compliance with the corporate strategy of the company.
Analysis of external and internal is input in the operation strategy and formulate business strategies. External analysis on point on identification to the opportunities and threats for companies operating changes factor the external environment such as competition, economics, technology, information, politics, consumer demands, supply of raw materials, regulatory/government regulation, culture, social conditions. The external environment of a real will on the face in ra globalization in the 2000s is the level of competition the sharp as the impact of free trade or the globalization of markets.
internal cycle operating strategy can influence through scarcity and corporate culture, location, facility, system monitoring. Internal environment analysis on the point at identikit on the strengths and weaknesses of operations of the company. That need to be diphtheria if the company wants to have of excellence continues, is continuously developing the core skills. This can be achieved by way of creating efficiency, effectiveness, productivity, great, speed of response to changing internal and external.
Factors that affect inflation
(1) the rise in economic activity
The increasing economic activities prompted an increase in aggregate demand which is not offset by increased overbearing aggregate due to the structural constraints of the economic. Charge indicators will: still low capacity utilized the processing industry sector (39%-51%) and the decrease in the production of food crops (donation on GDP decreased 1.1%) in 2001.
(2) the Government’s policy in the field of price and income
Government policy in 2001, raising the price of goods and services such as fuel, electricity, water minimum and cigarettes as well as raising the minimum wage and salaried labor private civil servants expected CPI inflation provides additional $ 3.83%.
(3) the weakening Rupiah exchange rates
The strong influence of the depreciation of the exchange rate of the rupiah note of bank Indonesia research, among other things:
· The behavior of prices is likely to be easily increased due to the influence the weakening rupiah exchange rates
· The behavior of prices is likely to be difficult to go down when the exchange rate of the rupiah strengthened, as in August rose 4.0%, up 21.0% in July strengthened, but the price just went down (deflation) of 0.24%.
(4) the high inflationary expectations of society
High inflation CPI does not escape the influence of the inflationary expectations by manufacturers and traders as well as consumers.
The high inflationary expectations on manufacturers and traders throughout the year 2001 is mainly influenced by the high inflation in 2000 reaching 9.35%. Whereas the expectations of the consumers especially influenced by expectations of a rise in the price of goods controlled the Government and the expectations of the exchange rate of the rupiah.
The concept of marketing said that the key to achieving the purpose of the organization consists of determining the needs and wants of target markets and delivering the expected satisfaction more effectively and efficiently than competitors.
Marketing concepts that have been expressed in different ways:
1. discover the desire of the market and fill.
2. make what can be sold and not trying to sell anything that can be made.
3. customer, not product love you.
4. do it according to your way (Burger king)
5. it’s you who define (United Airlines)
6. do everything within its ability to appreciate the customer’s money is loaded with value, quality and satisfaction (JC. Penney).
In marketing there are six basic implementation concept which is the marketing activities of an organization are: the production concept, the concept of product, sales, marketing concepts, the concept of social marketing, and global marketing concepts.
1. the concept of production
The production concept holds that consumers will favor products are available everywhere, and it’s cheap. This concept-oriented production to exert all efforts to achieve efficiency and economize the product high and wide distribution. Here management tasks are producing goods as much as possible, because consumers are considered will receive products that are widely available to their purchasing power.
2. the concept of the product
Product concept says that consumers will favor products that offer quality, performance and features at its best. Task management is here to make quality products, because the consumer is considered to be like products of high quality in appearance with the characteristics of the best traits –
3. the concept of turnover
The concept of sale argues that consumers, with the left well enough alone, the Organization must carry out the efforts of an aggressive sales and promotions.
4. marketing concepts
The concept of marketing said that the Organization’s goal to achieve consists of determining the needs and wants of target markets and delivering satisfaction expected more effectively and efficiently than competitors.
Understanding The Production Strategies
Many research results prove that organizations or companies applying management strategist tend to achieve higher performance on appeal with the No. Strategic is a multidimensional concept encapsulates all the critical activities of the Organization, provide direction and destination as well as facilitate a variety of changes in the need for adaptation to environmental change. Strategic operations is one way that can be developed by the company to utilize the factory operations to pretension in the global market. Production/operations should not only as the place where the company produces goods and services, but should also be the container forces compete in business and as a container for the continuous pursuit of excellence. More so in this era of globalization must be managed operations transformation, in order to drive adapts to new environmental conditions. For example, Japan is one of the countries that have utilized the manufacturer operating in the international market to pretension, they produce as well as designing the product is better quality with cheaper rates, so that the country is able to most of the world market especially in the automotive industry and electronic.
There are several undercarriage that may occur in the era of globalization, namely:
Occurs the process of developing a better product, better quality, cheaper.
Factory operations to be prosecuted as well as comparative competitiveness.
To anticipate trends, operating strategies need to see the overall perspective, both in terms of production facilities, the location of the company, HUMAN RESOURCE, raw materials, equipment, product design, process technology, efficiency, productivity, capacity, quality, speed of response and great.
Operating strategy is a vision of the fungasi operation which sets the overall direction for decision making. This vision must be at integrate in business strategy (Zulian Yamit, 1996). There are three generic business strategies, namely low cost business strategy, product differentiation, and the strategy of market segmentation. The third business strategy has operation. It is show that the operating strategy is linked to business strategy. Schroeder, Anderson, and Cleveland in Zulian Yamit (1996) stated that the strategy is operating as susuatu consists of four components, namely the mission, goals, special abilities as well as the policy. The fourth component persecute explains the purpose of the operation, what is to be accomplished and how Charisse achieve that goal. You can conclude that the operating strategy is a strategy that should be based on functional business strategy, in order to be able to produce a consistent pattern in operating decisions.
NOT that bad debt forever. According to Suze Orman, author of the book Women & Money: Owning the Power to Control Your Destiny, several types of debt can be categorized as a good loan.
”Debt itself is not bad. The problem is how do you handle it. If you care about children, you should start caring about money. I would not be surprised if they eventually run into financial disaster because you give examples of wrong.”
According to Orman, parents who are unable to properly manage the family finances would have difficulty financing their children’s education. In addition, in the old days they could also be troublesome because the child has no savings for retirement.
Good vs. bad credit loan
Orman explains, the difference between good loans and bad loans is how it affects your ability to achieve financial goals. A good loan can help you achieve your financial goals, while bad loans will only bring financial problems.
”Knowing the difference between good loans and bad loans is key to achieving financial well-being,”said Orman.
Which include both loans to buy assets such as loans, like home or a mortgage, education or student loans, medical loans, as well as business debt. Meanwhile, a bad loan is an amount of money borrowed to finance the desire or depreciating assets like cars, credit card accounts, home equity, and so forth.
According to be categorized as a good loan, a loan must meet the following conditions:
1. Debt should be limited, without the ability to continue to increase. Meanwhile, revolving accounts like credit cards is the opposite.
2. The interest rate debt should be stable, at a reasonable and predictable.
3. Debt should have a number of regular payments that can be managed within budget and on time to avoid late payment penalties and penalty interest rate increases.
4. Debt has a purpose that is considered reasonable by most people.
5. Debt was issued for behalves something like buying a home or invest.
China’s Financial System in Risk
The International Monetary Fund (IMF) warned that China’s financial system could face the risk, if property prices fell sharply and rising bad debts due to large loans during the crisis.
In the first formal evaluation of China’s financial system, IMF blames government intervention for the state banks to reduce regulation and supervision of markets and corporate governance, AFP reported.
In a report released on Tuesday (15/11), the IMF urged reforms, including allowing banks to rely more on market mechanisms such as interest rates.
“The banks in China and the financial sector is in good condition, but there is a vulnerability that must be addressed by the government,” said Jonathan Fiechter, head of the IMF team who compiled the report.
The current system has encouraged over-investment and lead to asset bubbles, the IMF said.
“While the existing structure encourages high savings and high levels of liquidity, it also creates the risk of misallocation of capital and the formation of bubbles, especially in real estate,” Fiechter said.
The IMF also called on Beijing to reduce controls on the yuan and allow central banks to adopt financial policies more freely.
Loan fantastic since the 2008 financial crisis has prompted many companies and local governments in China’s large debt, while a new slowdown in economic growth and decline in asset prices has raised concerns in paying off debt
Business today needs to be efficient in order to stay ahead of competition. People should pay attention to the latest developments in the sphere of software solutions and use software development from Luxoft to compete with other businesses in the field.
It is very important to realize your full potential and you can do it with the help of highly qualified IT specialists who can develop highly customized products for any industry. With the help of finance applications development business people can make sure they have their systems securely managed and can realize their full potential with the help of the latest technologies.
It is also important to run modern enterprises according to the latest green manage energy solutions that help save money and the environment as well. It is essential to invest into high quality solutions that can help you make a difference to your business.
Deteriorating Global Economy, China Strengthens Domestic Industry Growth
As one of the countries whose economies are highly influential in the world, China should set the strategy of the country’s economy amid the threat of economic crisis that was engulfing the U.S. and Europe.
Chinese Vice Premier, Wang Qishan, said the government will encourage domestic economic growth by pouring U.S. $ 1.7 trillion to stimulate investment in strategic sectors. Some sectors are the focus of them is energy, biotechnology and improve the equipment in the manufacturing sector.
“Global economic conditions are in the dark days, increasing the country’s economic recovery becomes our priority,” he said at the annual US-China Joint Commission on Commerce and Trade (JCCT) in Chengdu, China.
The comment implies that the country should be thinking more about how to spur growth in the country, rather than worrying about global imbalances. That means China will allow the weakening U.S. exports to continue, rather than in the domestic economy slows.
In 2010, U.S. trade with China recorded a deficit of U.S. $ 273.1 billion. This figure is up from 2009 which amounted to U.S. $ 226.9 billion.
“As the world’s major economic powers, the U.S. and China should give a positive contribution through the development of each country’s economy,” Wang said in the conference.
In discussions during the event JCCT, U.S. agree to transfer technology to Chinese companies. The U.S. also asked China’s commitment to using alias software illegal software in business activities in this country. Understandably, the piracy rate in China was known to be high.
However, many business people are pessimistic about the talks can be obtained from the JCCT is a means to increase trade relations between China and the U.S..
Other countries in Asia also has echoes of the risk of a crisis that will hit their country. Thailand and Singapore are admitted, their economies will be corrected in the fourth quarter of this year.
Meanwhile, Japan’s exports recorded a decline greater than expected in October 2011. And some central banks such as in Brazil and Indonesia, has cut interest rates.