...Purpose HCL Technologies provide a range of outsourcing services, business process outsourcing, and infrastructure services. The purpose of this paper is analyze trends and economic forces that impact changes in the global marketplace, analyze the impact of market trends in driving innovations in organizational, structure, culture, and process, and also to analyze leadership in relation to the effectiveness of general management planning and decision making. Majority of my information will come from HCL Technologies case study with Nayar’s insights about the subject. Analyze trends and economic forces that impact changes in the global marketplace. The product that HCL Technologies sells is a service that customers use to make their business better. Staying with the latest trends is very critical in a service based business like HCL Technologies. The first trend I would like to talk about is Technology trends. Technology trends can drive innovation and influence decision making in the IT service industry. According to Hickman (2010)" Developments in technology lead to new products and services and improve how they are produced and delivered to the end user. Innovations can create entirely new industries and alter the boundaries of existing industries." A future trend that will spread rapidly in the IT industry will be Cloud Computing. There will soon be away a business can obtain and maintain software, hardware, and computing capacity. According to the Nayar Case study...
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...Business Communications Trend Tiffany Binford, Com 285 University of Phoenix Cassandra Molavrh November 19, 2009 Business Communications Trend New trends in technology are reinventing the business of communications. Businesses owners no longer have to wait until the next business day to communicate with employees to have an unplanned meeting. Technology has enabled many businesses to operate from remote locations near and far. Several new ways of communicating have become available to businesses and corporations to make the business more functional. The roles that business communications play in each day activities and how it helps manage daily work activities will be discussed as well as the trends in the current and previous workplace, and the message types that resulted from those trends. Business communications play an important role in every day activities by keeping communication available at all times. Being able to communicate effectively in a work environment is essential to the employees as well as the customer. An employee or manager should be able to get his or her point across as in person the same way in a meeting face-to-face. With the new technology such as Internet, PDAs, E-mail, and cellular phones communications as become less stressful. In a workplace e-mails are often used as a way of communicating to a number of people without requiring a face-to-face meeting. With...
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...Business is shaped and influenced by economic developments as well as consumer incentives. The world of business is constantly evolving. Showcasing the most up-to-date information on emerging entrepreneurs, business ventures and retail technology, economic and political shifts and consumer lifestyles. In 2015, the business sector has seen a great junction of enterprise and marketplace by way of collaboration. Knowledge engineering and new leadership approaches are at the forefront of trends in business intelligence and human capital. Some of these business trends are sources of good business opportunities; others are trends we need to incorporate into our small business practices to stay competitive and keep or grow our market share. (Business Trends That Will Drive Success, 2015) Rise of the Phone App This business trend is consumer-driven and closely related to mobile computing. Business-wise, phone apps are replacing everything from mileage log books through credit card readers. An iPhone app called Square, for example, lets you accept credit card payments by plugging a card reader into your iPhone. Business can benefit from this business trend by using phone apps to eliminate some of your other office equipment and supplies. You might also benefit by creating and selling your own phone app. The Amazon App is an (in)famous example of a shopping app; it scans bar codes and comparison shops, letting customers know if they can get a better deal through Amazon's website or not...
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...Business Communication COM/285 May 17, 2010 Business Communication Introduction Communication is a big part of a business it is what makes a business successful. Communication is the crucial part in business and in today’s world there are a lot of new trends that are helping businesses with communication. There are many new technology trends that business use to help them stay in touch with their employees when they are out of the office. Day to Day The role that business communication plays in a day to day activities at work is challenging. There are many tools that are used to communicate with co-works throughout the day from cell phones, e-mails and or texting. Modern day technology trends has help with scheduling and keeping meeting that need to be attended and information needed to be given to co-workers outside the office. The way it helps keep my daily work activities in check is by making sure that the computer gives reminders regarding appointment throughout the day. Daily emails are sent out to co-workers to remind them of upcoming check runs and the check request need to be filled out correctly. Some co-works communicate with texting and request checks by this trend. With business communication changing regularly it seems the more I was changing cell phone plans to keep up with the demand of fellow co-workers usage with their phones, PDA's and I Phones. When out of the office the employees could reach me by texting me question regarding...
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...Business Communication Trends Paper COM/285 Jan Professor Business Communication Trends Paper Business communication plays an important role, as it facilitates effective communication at the workplace, which helps the business and the organization as a whole to gain success. Business Communication provides the managers at the workplaces to effectively and efficiently coordinate with all the aspects and fields of the business. It is an effective tool that enables the managers at the workplaces to accomplish the goal of the business. Effective business communication has become prerequisite for the organizations, in order to flourish and to prosper in the present business world (Guffey & Loewy, 2010). Working as a US ARMY career counselor, business communication plays a very important role in managing the daily tasks at my workplace. Effective communication facilitated by it, enables the organization to promote and communicate the applicants and the public about the new option or services. This effective communication with the applicants and coworkers has a major impact upon the applicants enlisting the US ARMY. Not only, have other organizations benefited from utilizing Business communication by promoting their product and their services, but, Business communication has also enabled the customers to tell their demands to the organization. Thus, business communication helps in establishing a two-way effective communication between the customers and the organization...
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...Times have changed, and the business models governing companies a unilateral way there have forced an adaptation to technologies and market trends to continue in this way in a successful way. Undeniably, one of the most important factors that gave this result is that Blockbuster is not coupled to the new market trends, refusing to change its business model to new technology revenues, and most importantly, did not pay attention to the needs of its consumers. Although the business model Blockbuster rents was innovative at the time and later, like its competitor Netflix, income raided by mail, but not daring to adopt new technologies online income, hosted in the cloud timely, as they failed to take critical questions that have saved the company. Netflix, and even companies like Sony, bet stores online video hosted on the cloud, with a proposal within your PlayStation 3, then why not consider this trend Blockbuster on time and took it? Sometimes organizations including businesses, agencies, and even people grow attached to their working methods, resulting in that they cannot accept new technologies and business models that work in your market. This line of thinking must be avoided especially in these times of radical changes in consumer behavior. Always be attentive to the needs and market trends. Only that way can stay ahead and prevent a market previously dominated by fear is lost or ignorance to new technologies. “ Absorptive capacity theory examines the extent to which a firm...
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...23, 2015 MGT/521 Jacob Nichols, MBA Xerox SWOT Analyses Xerox has been known for its leadership in the document technology business and a primary consumer provider for laser printers, copiers, and publishing documents. The increased trends of documental technology via digital media has affected the business overall. A SWOT analyses conducted in 2012, identified strengths, weaknesses, opportunities, and threats for the company in this increasing digital era. Strategic and operational plans will be discussed to reach two goals. SWOT Analysis In 2012, Xerox Corporation conducted a SWOT Analysis determining these results. Xerox’s strengths included their document technology situation in the current market in the area of multifunctional peripherals, transforming their business model into services for the business, and possessing a solid cash flow and annuity model. Xerox’s weaknesses included decrease of application in the technological area. Xerox’s opportunities included an increase in printing production, making their presence known in SMB segments, and offering services to produce an increase in mobility, cloud, and analytics. And Xerox’s threats included increased trends in technological advances in digital documents, economic interferences from businesses, and new competitors in the business (Xerox Corporation SWOT Analysis, 2012). Strategic Goal and Plan Strategic planning assists the company to choose the general direction to...
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...Business Communication Trends Paper Derek Phillips COM/285 27 March 12 Stella Kalfas “Effective communication is 20% what you know and 80% how you feel about what you know.” Jim Rohn This quote is a great example of how business communication works. Business communication comes in all forms, but it isn’t all about what you know. Some forms of business communication or verbal, and non verbal. Business communication plays a great role in my day to day activities at work. My job as a military liaison is to travel throughout the Midwest and speak to military service members about their educational goals. In addition to that, I call and follow up with all of the service members who request more information about their specific situations. Business communication is the biggest part of my day to day activities at work. Business communication helps me manage my daily work activities because business communication can consist of phone calls, emails, and verbal communication. My professional email account helps me manage verbal conversations that I had with someone. In my position I speak with hundreds of people a week and I ask a lot of them to email me. This allows me to have a record of our conversation and to properly follow up with them if needed. On the other hand, I have a lot of phone conversations with people and this allows me to manage a lot of business contacts on a daily basis. In my current workplace...
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...Internal Forces and Trends Strengths Weaknesses Opportunities Threats Trends Strategy Providing reliable, low cost and fuel efficient automobiles that comply with health and safety environmental regulations Limited flexibility in processes Improvement in process’s are easily identified Strategies similar to competitors, need to identify Staying abreast of current technology trends Structures Stationary and mobile services Mobile units don’t possess many capabilities to serve Acquire space in optimal location Need more than one service location for customers Small Offices, (no big offices) backup operating locations Processes and Systems Value, quality and competitive pricing Data reliability New ideas to service client Drastic changes in process could deter major clients Cloud computing and Process improvement Resources List of local area business to target Small start-up budget Acquire better supplies Supplies may be limited due to many competitors Subject matter experts stay abreast of current resources needed Goals Attainable goals based on industry Fast growing threats and vulnerabilities To expand beyond initial goals as business grows Competitors may want to feed off of success Set short term goals to leave room for change in strategy Strategic Capabilities Service differentiation advantages Reputation not developed Acquire more satellite offices Corporations may be downsizing, creating less of a need for services Be prepared for more market demand Culture...
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...The Change Technology Has Had On The Business World Crystal Saunders Kaplan University In the article called Six Technology Trends Revolutionizing The Hospitality Industry, (Calum McIndoe, May 13, 2013). McIndoe spoke on how technology has changed multiple areas in the hospitality industry. One believe at the end of this article you will find it quite intriguing. This paper will be speaking about how it may be hard for hospitality providers to keep up with the change technology is having on the industry. “As well as the effect it is having on the cloud software, the two main factors that are behind the change in the software, and a couple of other very intriguing facts” said McIndoe. At the end of this assignment one truly hope that the article was thoroughly broke down so that everyone can understand all the facts. Hospitality providers may find it hard to keep up with the rapidly changing technology. Due to technology always upgrading to improve every aspect of its use providers has to keep up to improve their business. Technology delivers a different form of the saving and improvements now than before. Technology trend one is the cloud/ software as a service (SaaS). Software delivered as a service, rather than held on premises is already a mainstream technology topic and despite being a new concept in the hospitality sector, it is already big news. Also at in for they would estimate around 85% of the queries we see from hospitality companies and hotels include a serious...
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...Chapter-2 elaborate on the emerging trends and conceive a product considering all these four trends? Being an entrepreneur is often associated with successful individuals who have accumulated loads of money. However, an entrepreneur must deal with never-ending stress and frustration. Many people forget that most new businesses fail, but when a business succeeds, entrepreneurship can be highly rewarding, both emotionally and monetarily. As one entrepreneur's innovations pave the way for others. The economy has always been fueled by the innovations and new products entrepreneurs bring to the market. Big businesses started out small, usually as one man or woman with a good idea and the willingness to work hard and risk everything. While it is true that about half of all new businesses fail, the ones that succeed contribute a great deal to the creation of other new ventures which leads, in turn, to a dynamic national economy. For that you need to observe trends that give you opportunity. The four observing trends are economic forces, social forces, technological advances and political action & regulatory changes. Entrepreneur should launch innovative products that should meet the consumers demand and could easily pass through from all these trends. By keeping in mind all these things the product I am launching is touch screen tablet pc that can be use for multi-tasking (office use, entertainment, student use etc.). As the world technologies advances and dealing so much into surface...
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...Business Communication Myra Holmes COM/285 July 11, 2011 Hector Fulgencio Business Communication Concepts Life is changing faster than can be imagined and the way we do business is changing as well. Today’s flourishing business community communicates through the continual advancement of changing technology. The major component of running a successful business is excellent communication. In this paper, the role of business communication in day-to-day activities, the communication trends in the workplace, and the results of these trends will be explored. Effective communication skills play a key role in the outcome of day-to-day activities in both the workplace and in your personal life. Effective communication is a priceless trait that can help a person’s business career flourish. Employers know that they benefit from hiring employees with the ability to communicate well. With unemployment at a all time high it is beneficial for job seekers to refine their communication skills, especially since communication is essential in virtually all areas of today’s business world. In my day-to-day activities, the role of business communication helps me with discipline by providing me the ability to stay on track and complete projects without being distracted throughout the course of the day. I am able to take advantage of diverse opportunities, enjoy life, and still be productive. Email for me is one of the best tools ever invented because it assists...
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...What Is Social Business Design? Technology, society, and work are all changing at breakneck speeds, but businesses are not keeping pace. When these emerging trends work together, they call for a new kind of business – one that is distributed, collaborative, agile, and better positioned to succeed. Dachis Group has a keen awareness of the enormous opportunity presented by these emerging trends, and a deep understanding of the challenges they represent. Through Social Business Design, Dachis Group helps businesses re-envision their inherent architecture – preparing them to meet the challenges and take advantage of the opportunities that these trends present. Request the Social Business Design Whitepaper. Why Is Social Business Design Important? • Emerging Opportunities • New Challenges • Our Approach • Results Emerging Opportunities As the idea of work is changing for employees and other stakeholders in a business, a crucial opportunity has emerged for businesses to become more flexible and open – increasing efficiency and reducing inertia. Technology [pic] It goes without saying that technological evolution has fueled every major business revolution, from agrarian to industrial. But every major business shift was spurred on by innovations that were seemingly unpredictable, yet visible to those with keen foresight. Currently, the ever-increasing overlap between consumer and enterprise technology is opening up a number of opportunities for businesses to evolve...
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...HOW FUTURE IT TRENDS WOULD IMPACT ORGANIZATIONS BUSINESS STRATEGIES TO DRIVE INNOVATIONS, ADD VALUE AND GAIN COMPETITIVE EDGE? Chamika Waidyalankara (ECU ID: 10217155) ACBT – Semester II MBA5709 - Information System Challenges in Management Table of Contents 1.0 Introduction 3 2.0 Future IT Trends 4 Internet of Things 4 Cloud Computing 4 BYOD (Bring Your Own Device) 5 Enterprise Mobility 5 Big Data 6 Enterprise Social Networking 6 3D Printing 7 Wearable Computing 8 3.0 Uses and Impact of future technology on organizations 9 4.0 Published case studies and Observations 15 5.0 Key Findings 16 Changing customer landscape 16 Rise of collaborative models 16 Personalization of products and services 16 6.0 Conclusion 17 7.0 Bibliography and References 18 1.0 Introduction Information technology (IT) is an area in which new developments are taking place more and more rapidly. IT has gone through many evolution cycles and today we are in the era of Web 2.0 and 3rd Platform of IT. Technology we used during last decade has become museum exhibits and what was then showcased in Science fictions has become more reality today. Consumer and business tech are merging, where the two going to be barely separable. The 3rd Platform is changing the way we interact with everything. Speculating on what's going to happen over the next few years is of course entertaining. The future of business has always been driven by developments in technology, and the digital revolution...
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...Strategic Plan Part II SWOTT Analysis Whenever someone starts a brand new company they will need to create a strategy plan that will give directions on how to build strengths, weaknesses, opportunities before the company comes out into the market world. If there is an understanding of the business SWOTT , it will help a lot the understanding and development of any strategy plan and it will Gide them to prepare for unforeseen problems that will come out with any internal and external environment. What the SWOTT analysis will do, will be to enable Jean's rare find books, to audit plan and focus on any key issues that will come out in the near business future. External Trends The external analysis of Jean's rare find books has pick external forces and trends, this trends will mainly consider the economy forces, the competitive forces and technological forces. Competitive analysis The purpose of the competitive analysis has been focusing on companies such as jean's rare find foods, competitors ray's books, and Blake's wholesales books warehouse and how the market has decreased in the past year. Ray's books has control 10% of the market and Blake 20%, Jean's rare is the one holding the competitive advantage over the others. This is because the company has programs set for high schools and colleges students, where they will be able to rent out any available books with different school codes and with the use of their IDs and not to mention good prices. Strength: They are offering...
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