Business Today
There is hope now because the economy is supposedly turning around for the better. Yes, lots of stores closed down but there are more stores that are opening and allowing for more job opportunities. They are talking about how things grow and change so why not change with them. For example they are trying to make sure that the housing market is more friendly to seniors and allow them to have more access to things. They are also making super markets more accessible to everyone not just tall people. John D. Rockefeller once declared, "If you want to succeed, you should strike out on new paths, rather than travel the worn paths of accepted success." Traveling is becoming a big thing in the business world today. The companies have many of their employers travel to spread the word of what they are doing. I feel that this is really smart and allows for more social networking to take place. More things are becoming more computer oriented. They focus more on selling online, getting out to people through facebook, twitter , etc., falling into the social web of things. Something else that is taking place is more homework is coming to be. More people want to work from home so that they can do little projects that have not been done for a while. Health care is very important and is a major factor of places that are hiring now. Today's life style is fast and moving forward and the business world is catching up and allowing them to cater to the needs of the demands today.
The Job Market
There is a new sense of hope going through the market of jobs. Hiring managers will be trying to hire more people to work and increase the head counts they have instead of cutting people. Online jobs are becoming more familiar and are opening up more opportunities for other people to have jobs. They are hoping that he economy will start to heal itself and therefore be good for them to start stimulating the economy. There are six trends for hiring right now and they are:
1) Hiring contract workers
2) Offering internships
3) Hiring for social media
4) Adding bilingual staff
5) Replacing lower-performing employees
6)Holding on to talent
For more information see:
http://www.cnn.com/2010/LIVING/worklife/04/01/cb.job.market.trends/index.html
Key Business Terms
- Markets: is any one of a variety of systems, institutions, procedures, social relations and infrastructures whereby businesses sell their goods, services and labor to people in exchange for money.
- Globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence.
- Emerging Markets: are nations with social or business activity in the process of rapid growth and industrialization.
- Trade Policy: is a governmental policy governing trade with third countries.
- Comparative advantage: refers to the ability of a party (an individual, a firm, or a country) to produce a particular good or service at a lower opportunity cost than another party.
- Strategy: refers to a plan of action designed to achieve a particular goal.
- Value Creation: is the primary financial performance indicator for measuring and evaluating financial performance within the Group.
- Economics: is the social science that analyzes the production, distribution, and consumption of goods and services.
- Monetary Policy: is the process by which the authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability.
- Fiscal Policy: is the use of government expenditure and revenue collection to influence the economy.
- Inflation: is a rise in the general level of prices of goods and services in an economy over a period of time.
- Dow Jones Industrial Average: is a stock market index.
- Weak dollar vs. Strong Dollar: are generalizations used in the foreign exchange market to describe the relative value and strength of the U.S. dollar against other currencies.
References
- http://en.wikipedia.org/
- http://www.entrepreneur.com/article/217508