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Added for You - Titanic Precautions
Making The Most of Networking Meetings it sank! Is your sales force, customer service department and/or helpdesk REALLY listening to your customers? Sam Walton, the founder of Wal Mart, said that the most important person to an organization can be the one who greets that customers. Too many companies don’t even realize just how MUCH each person represents their company!As a business owner, you know you should be attending networking events. But, it is hard - not everyone can walk into a room full of strangers and jump right into business discussions. You will need to prepare, practice and implement the following suggestions to make the most of these business networking meetings.Before the event, ask what the dress code is. Depending on the type of event, dress could be formal, or informal. You will feel much more relaxed if you are dressed as everyone else is. Make a list of what your goals are for this event. Do you want to make sure you meet specific people? Are you wanting to work on existing relationships? Do you want to meet new potential customers? Do you want to meet potential business partners? Focusing on a particular purpose will make it easier for you to manage your time at the event.Make sure you have a small notepa There is WAY too much competition in the marketplace NOT to heed warnings. Industries like telecom, automobile, office supplies, soft drinks, and restaurant industries, just to name a few, had better take warnings seriously. Some companies might not get the luxury of six warnings that the Titanic got. Sometimes, only one warning can break a company. That’s why companies that DO encourage, and take seriously, customer feedback are invaluable and can be a gold mine. 6. The Titanic only had white flare guns to signal for help. Red is the standard color for a fl What To Expect If Foreign Investors Plan To Enter Into China Market Many movies have been made about the tragic story of the Titanic. Arrogance and ignorance was definitely present during its maiden voyage, which was Titanic’s last voyage.Foreign investors have always feared entering into the China market due to culture differences and language barriers. Many of them are worried that a change in their organization structure or a huge amount of capital will be needed when entering the China market. However, with the appropriate measures, a correct approach can be taken to ensure a smooth entry into China.It took a long time and a huge effort of the government for China to become what it is today. The modern China is prospering and booming in its economy and the standard of living in China has been raised tremendously. In addition, the Chinese government has been supporting the growth of China’s economy whereby policies have been changed over the years to boost China’s revenue. China market is moving towards the direction where the market forces are the ones influencing the economic activities in China.Huge g Many warnings were given, but unfortunately, the warnings were not taken seriously. On April 14th, 1912 Titanic received six warnings that icebergs were present in their perimeter. On the night of April 14th, Titanic struck an iceberg and ultimately sank to the bottom of the Atlantic Ocean. For other entities, what happened to the Titanic does NOT have to happen to them. Many have learned from the mistakes that Titanic had made. There are several examples that follow and form a parallel to what happened to Titanic and how an entity can learn from Titanic’s mistakes. 1. The Titanic only had 16 lifeboats, which was not nearly enough to save everyone on the ship. Only about 60% of the entire lifeboats’ capacity was utilized! Does your company have a disaster plan in place? Are your computers, especially your servers, being backed up on a regular basis? Many servers are now being backed up on a daily basis and sometimes on an hourly basis. When I was working at a Helpdesk, one of our afternoon gals was named the “Backup Queen” because she took EVERY major server backup VERY seriously. The company was very lucky to have the “Backup Queen” because there were several instances where our most critical server had crashed and lost information. Fortunately, information restoration was quick and painless due to the machine being backed up on a regular basis. We were very lucky to have someone who took the initiative to handle the server backups. Is your company that lucky? Yes, doing backups can be VERY unexciting. However, losing valuable data can be very exciting, but in a negative way. 2. The crewmen in the lookout tower, or the “crow’s nest,” were not issued binoculars to better search for icebergs. Employees were not given the proper tools to use to do their job. Is your company using the right software for the job? Are you saving money on upgrading your operating system and software, but are losing customers? If you are losing customers, you’re NOT really saving any money at all. The right equipment can range from the very basic, such as issuing headphones that are compatible with the phone system to customer service representatives, to ensuring that a backup generator can adequately run due to a power outage. 3. Titanic had a total of 16 watertight compartments. Initially, it sounded fine, but unfortunately, each compartment did not hold water on its own. Every compartment was similar to an ice cube tray. When one compartment overflowed, water flowed into the next compartment. Each compartment did not completely seal off water on its own. Does your company have a good disaster recovery plan in place? If a flood or a fire struck the premises, would you be able to resume business operations in a matter of days or would it take a matter of months? Is your information that you have on site being sent off site so you CAN have another place to access your valuable information? 4. The Titanic was going at full speed at night in iceberg-infested waters. Are your machines at your business running at 100% capacity on a continuous basis? How much is downtime costing you when those machines need to be fixed? Are you REALLY saving money by not buying more machinery? Does the cost of more machinery outweigh the cost of your present machines’ downtime? 5. The Titanic did not heed to the many iceberg warnings. Titanic received six iceberg warnings on the day it sank! Is your sales force, customer service department and/or helpdesk REALLY listening to your customers? Sam Walton, the founder of Wal Mart, said that the most important person to an organization can be the one who greets that customers. Too many companies don’t even realize just how MUCH each person represents their company! There is WAY too much competition in the marketplace NOT to heed warnings. Industries like telecom, automobile, office supplies, soft drinks, and restaurant industries, just to name a few, had better take warnings seriously. Some companies might not get the luxury of six warnings that the Titanic got. Sometimes, only one warning can break a company. That’s why companies that DO encourage, and take seriously, customer feedback are invaluable and can be a gold mine. 6. The Titanic only had white flare guns to signal for help. Red is the standard color for a fla Staying Motivated In A Struggling Economy was utilized! Does your company have a disaster plan in place? Are your computers, especially your servers, being backed up on a regular basis? Many servers are now being backed up on a daily basis and sometimes on an hourly basis.Fear is a very powerful emotion. When we live in fear, even of the unknown, there is a tendency to isolate, exert control and be on the defensive. It drains our energy and creates exhaustion. The majority of coaching conversations I am having these days are about this fear generated by a struggling economy. Worry over business progress, finding a job, salary and bonus eliminations, increased job performance expectations have taken over people’s mindsets thus decreasing motivation and focus for themselves and their business. While no one has a crystal ball to know exactly what will happen with the economy, you do have the keys to move through this time by the actions you take to minimize the fear and maximize your choices. Following are three key tips on how to refocus and regain motivation during a challenging time: Key Tip #1 Go Back To The Basics When I was working at a Helpdesk, one of our afternoon gals was named the “Backup Queen” because she took EVERY major server backup VERY seriously. The company was very lucky to have the “Backup Queen” because there were several instances where our most critical server had crashed and lost information. Fortunately, information restoration was quick and painless due to the machine being backed up on a regular basis. We were very lucky to have someone who took the initiative to handle the server backups. Is your company that lucky? Yes, doing backups can be VERY unexciting. However, losing valuable data can be very exciting, but in a negative way. 2. The crewmen in the lookout tower, or the “crow’s nest,” were not issued binoculars to better search for icebergs. Employees were not given the proper tools to use to do their job. Is your company using the right software for the job? Are you saving money on upgrading your operating system and software, but are losing customers? If you are losing customers, you’re NOT really saving any money at all. The right equipment can range from the very basic, such as issuing headphones that are compatible with the phone system to customer service representatives, to ensuring that a backup generator can adequately run due to a power outage. 3. Titanic had a total of 16 watertight compartments. Initially, it sounded fine, but unfortunately, each compartment did not hold water on its own. Every compartment was similar to an ice cube tray. When one compartment overflowed, water flowed into the next compartment. Each compartment did not completely seal off water on its own. Does your company have a good disaster recovery plan in place? If a flood or a fire struck the premises, would you be able to resume business operations in a matter of days or would it take a matter of months? Is your information that you have on site being sent off site so you CAN have another place to access your valuable information? 4. The Titanic was going at full speed at night in iceberg-infested waters. Are your machines at your business running at 100% capacity on a continuous basis? How much is downtime costing you when those machines need to be fixed? Are you REALLY saving money by not buying more machinery? Does the cost of more machinery outweigh the cost of your present machines’ downtime? 5. The Titanic did not heed to the many iceberg warnings. Titanic received six iceberg warnings on the day it sank! Is your sales force, customer service department and/or helpdesk REALLY listening to your customers? Sam Walton, the founder of Wal Mart, said that the most important person to an organization can be the one who greets that customers. Too many companies don’t even realize just how MUCH each person represents their company! There is WAY too much competition in the marketplace NOT to heed warnings. Industries like telecom, automobile, office supplies, soft drinks, and restaurant industries, just to name a few, had better take warnings seriously. Some companies might not get the luxury of six warnings that the Titanic got. Sometimes, only one warning can break a company. That’s why companies that DO encourage, and take seriously, customer feedback are invaluable and can be a gold mine. 6. The Titanic only had white flare guns to signal for help. Red is the standard color for a fl Small Business Marketing Tip - A Controlled Package Test n in the lookout tower, or the “crow’s nest,” were not issued binoculars to better search for icebergs.How can you find out what your customers like? If you ask them, you'll get a definite clue as to what they think they like. It may point you in the right direction, but……observing what they do is an even better bet.Surveillance cameras are in use in more and more small businesses. Theft prevention is the number one use of this tool—but have you ever thought about using the camera for market research? What if you want to watch what your customers do?One test is to set up two areas of the store with different merchandise--or signage or layout--and then see how customers react to that area. The big idea here is to be careful to only alter one element at a time. Remember your high school chemistry classes where you employed the concept of the “controlled variable”? In any test; you might change the temperature, or the pressure, or the mix of the chemicals, but n Employees were not given the proper tools to use to do their job. Is your company using the right software for the job? Are you saving money on upgrading your operating system and software, but are losing customers? If you are losing customers, you’re NOT really saving any money at all. The right equipment can range from the very basic, such as issuing headphones that are compatible with the phone system to customer service representatives, to ensuring that a backup generator can adequately run due to a power outage. 3. Titanic had a total of 16 watertight compartments. Initially, it sounded fine, but unfortunately, each compartment did not hold water on its own. Every compartment was similar to an ice cube tray. When one compartment overflowed, water flowed into the next compartment. Each compartment did not completely seal off water on its own. Does your company have a good disaster recovery plan in place? If a flood or a fire struck the premises, would you be able to resume business operations in a matter of days or would it take a matter of months? Is your information that you have on site being sent off site so you CAN have another place to access your valuable information? 4. The Titanic was going at full speed at night in iceberg-infested waters. Are your machines at your business running at 100% capacity on a continuous basis? How much is downtime costing you when those machines need to be fixed? Are you REALLY saving money by not buying more machinery? Does the cost of more machinery outweigh the cost of your present machines’ downtime? 5. The Titanic did not heed to the many iceberg warnings. Titanic received six iceberg warnings on the day it sank! Is your sales force, customer service department and/or helpdesk REALLY listening to your customers? Sam Walton, the founder of Wal Mart, said that the most important person to an organization can be the one who greets that customers. Too many companies don’t even realize just how MUCH each person represents their company! There is WAY too much competition in the marketplace NOT to heed warnings. Industries like telecom, automobile, office supplies, soft drinks, and restaurant industries, just to name a few, had better take warnings seriously. Some companies might not get the luxury of six warnings that the Titanic got. Sometimes, only one warning can break a company. That’s why companies that DO encourage, and take seriously, customer feedback are invaluable and can be a gold mine. 6. The Titanic only had white flare guns to signal for help. Red is the standard color for a fl How to Lose a Customer in 10 Ways Each compartment did not completely seal off water on its own.Everyone is annoyed by something. Human beings are a complicated intelligent species that react differently to their environment because of previous connotation or conditioning. As a result, making sure every customer's preferences are cared for is a difficult endeavor, but retailers must strive to do everything imaginable to cater to specific customer needs. Although these needs may be diverse, many customers share some basic preferences that can be easily provided. A clean and organized store is usually appreciated by all and is simply accomplished. So before you tackle the needs of every customer, start with the things that everyone cares about. Investigate the cleanliness and organization of your retail environment by considering these 10 ways to loose a Customer.Consider these two unseen properties of your retail atmosphere, noise and smell. Music for every retail environmen Does your company have a good disaster recovery plan in place? If a flood or a fire struck the premises, would you be able to resume business operations in a matter of days or would it take a matter of months? Is your information that you have on site being sent off site so you CAN have another place to access your valuable information? 4. The Titanic was going at full speed at night in iceberg-infested waters. Are your machines at your business running at 100% capacity on a continuous basis? How much is downtime costing you when those machines need to be fixed? Are you REALLY saving money by not buying more machinery? Does the cost of more machinery outweigh the cost of your present machines’ downtime? 5. The Titanic did not heed to the many iceberg warnings. Titanic received six iceberg warnings on the day it sank! Is your sales force, customer service department and/or helpdesk REALLY listening to your customers? Sam Walton, the founder of Wal Mart, said that the most important person to an organization can be the one who greets that customers. Too many companies don’t even realize just how MUCH each person represents their company! There is WAY too much competition in the marketplace NOT to heed warnings. Industries like telecom, automobile, office supplies, soft drinks, and restaurant industries, just to name a few, had better take warnings seriously. Some companies might not get the luxury of six warnings that the Titanic got. Sometimes, only one warning can break a company. That’s why companies that DO encourage, and take seriously, customer feedback are invaluable and can be a gold mine. 6. The Titanic only had white flare guns to signal for help. Red is the standard color for a fl Outsourcing Fulfillment it sank! Is your sales force, customer service department and/or helpdesk REALLY listening to your customers? Sam Walton, the founder of Wal Mart, said that the most important person to an organization can be the one who greets that customers. Too many companies don’t even realize just how MUCH each person represents their company!Take a good look at the society around you. You would find the existence of several organizations. For example, there are business organizations that produce goods or services. All these organizations exist to achieve pre-determined objectives. Though there are vast differences in their functioning and approaches, they all strive to achieve certain objectives. It must also be noted that organizations cannot achieve the objectives effortlessly. They are achieved through systematic effort. Several activities have to be performed in a cohesive way. In the absence of systematic and cohesive performance of the activities to achieve the objectives, it is no wonder that the resources of organizations would simply remain as resources.Outsourcing is one such process, which can not only help in attaining the objective of the organization but can also help immensely in utilizing your resour There is WAY too much competition in the marketplace NOT to heed warnings. Industries like telecom, automobile, office supplies, soft drinks, and restaurant industries, just to name a few, had better take warnings seriously. Some companies might not get the luxury of six warnings that the Titanic got. Sometimes, only one warning can break a company. That’s why companies that DO encourage, and take seriously, customer feedback are invaluable and can be a gold mine. 6. The Titanic only had white flare guns to signal for help. Red is the standard color for a flare gun used to signal for help. When the Titanic was sinking, white flare guns were shot off from the ship. One or two ships many miles away say the white flares, but did not interpret the white flares as warning messages. Does your entity use the proper means of communication? Is it ensured that all of the parties involved completely understand what the other parties are saying? Many groups within an organization speak entirely different languages. Sales, technology and management translations may as similar to translating three different foreign languages. 7. Bruce Ismay, the president of White Star, pressured Captain Smith into unrealistic and dangerous goals. Ismay wanted the Titanic to arrive in New York on Tuesday, April 16th. In order to meet this goal, the ship would have to travel at full speed a majority of the time. The coercion from Ismay turned out to be dangerous due to the ship’s demise. Ismay’s level was similar to a CEO’s level. Is your company’s CEO and the rest of the management staff setting realistic goals? Are your managers providing bilateral communication? Feedback is vital to any company’s survival because many managers are not involved in day-to-day activities. 8. The two wireless operators’ priorities were not focused on the ship’s priorities. Many of the aristocrats in first class passage had paid both operators bonuses to wire messages to New York. One of the Titanic’s operators told another ship to “shut up” after being given another iceberg warning. It was a powerful rebuke that may have cost thousands of lives. Is your customer service department doing all it can to retain and acquire it customers? A polite and knowledgeable customer service representative can save the company thousands of dollars and maybe more! I have had the fortunate experience of dealing with many great customer service representatives. I have told many of the rep’s supervisors that I really appreciated their help as well and that they are lucky to have such great rep’s on their team. 9. The Titanic’s steel construction was never tested in cold temperature. The steel that made up ocean liners in the early 20th Century was brittle to begin with. Unfortunately, the steel was never stress-tested to determine what stress levels the structure could endure. Is adequate testing being done on your company’s products? Are your prototypes up to the challenges of customers’ demands? Are an automobile company’s crash tests being utilized to the fullest extent?
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