How Does Employee Engagement affect Financial Performance of a Company ?
Experts say that the engagement, involvement and satisfaction of the employees should be the biggest concern of the organisations. When they are actively engaged, it can directly affect the productivity and financial standing of the company. While it may not directly add to your profits but it certainly helps in several indirect ways. There are […]
Why do Investors Hold Fixed Income Securities?
The bond market is much larger in size as compared to the equity markets of the world. This is because a large portion of the bonds sold in the market is sovereign debt. For more than two centuries, various countries have been routinely turning to the bond market in order to borrow money. With the […]
Fixing Fraud and Biases in the Recruitment Process and Making it Fair and Transparent
Why Fair and Transparent Hiring is Vital to Organisations and What the Reality Is The recruitment process is an important element of the overall Human Resource (HR) processes and indeed, ranks as a key component in the overall organisational canvas. After all, being the gateway to the organisation, a fair and transparent recruitment system ensures […]
Preventing Relapse for a Training Program
‘People often say that motivation doesn’t last. Well neither does bathing – that is why we recommend it daily’ said Zig zagler. One of the strong objections to the usefulness of training is that the impact of training programs doesn’t last longer and that employees get back to older ways of doing things sooner. This […]
Importance of Effective Communication in Building High-Performance Teams
If proper procedures are the foundation of a high-performance team, then clear and open communication is the roof. Clear and honest communication between the team members and the management is the backbone for the survival of a high-performance team. It acts as a glue that binds all the team members together. Effective communication helps in […]
We are living in the age of technological advances. Development in our society began to happen post the World Wars, where in Industrial revolution started changing the face of economies.
With evolution of Information Technology we first heard the Radio and later the TV that could capture pictures from the air and show it on the TV box. Then came the ‘Computer’ which was aptly the magic box.
Computers and advancement of information and communication technology heralded the arrival of ‘Internet’ or ‘World Wide Web’ technology.
What a difference the Internet has made to our lives. No other invention has had such a mass transformational power over the entire human society, enterprise, business, economy as well as the political systems, education and the world communities and nations at large.
The internet is rightly called the highway that has managed to erase the borders between countries and societies and taken the human society to a different level altogether.
Take a look at our lives today. There is no aspect of our life that is not interfaced with internet in one way or the other. From an individual’s need to find a date or a suitable life partner to one’s banking, insurance and other payments as well as dining out and not to forget the online shopping, internet has managed to become the mainstream facilitator to each and every individual.
Today millions of users access and use the internet for various purposes throughout the day. They use the internet for searching, browsing, writing & communication, listening, watching news, videos, publishing copying, printing, discussions, trading and selling etc.
The list of activities and choices that the internet has got to offer to individuals is ever expanding. With millions of users actively looking for various products, information and services, there is a huge opportunity for the businesses to jump on to the internet bandwagon and cash in on the business opportunity that is presenting itself every minute.
Technology has helped build a platform that has enabled the businesses to cash in on the huge population and market that is now accessible over the internet and sell to them.
Take the case of Online Banking, Mobile Banking, Debit|Credit Cards, ATMs as well as online trading and other business transactions, all these have grown and happened as a result of technological advancement in terms of communication, software as well as hardware technologies.
From the time that one connected to Internet using a desktop, model and a telephone line to the Wi-Fi technology of today, we have graduated very fast making it possible to buy and sell at the click of a button. At another level the Business Processes as well as ERP coupled with various software and applications besides EDI, have enabled businesses to go ‘On Line’ with their business models.
Today no business, be it Business to Business or Business to Consumer, can ignore the huge ‘Online Market’ that exists on the internet. E Commerce was inevitable. Physical markets have literally been replaced with ‘Virtual Markets’.
E Commerce has had far reaching impact on business organisations for it has redefined ‘Market’.
E Commerce has made it possible for sellers to reach out to planet wide markets and consumers, thus changing the way business is conducted.
For every prospective Management Professional, the in depth understanding of ‘Online Marketing’ and ‘E Commerce’ have become very important.
Marketing managers have got to go back to the class rooms to learn the new rules of game in handling Online Marketing which is drastically and totally different from the traditional marketing, selling, distribution and advertising strategies.
Understanding all about Internet, E Commerce mechanisms, technologies, learning how to market online, understanding E Customer and learning to identify, build and nurture a relationship with the E Customer become the building blocks of one’s new learning.
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