The Future of the Business World

Globalization is becoming a norm in today’s society. Although people are afraid it has many drawbacks, it is impossible to be stopped. It is important for future business leaders to understand globalization and to be educated with this concept, so the negative effects can be prevented. Along with the negatives, there are also positives of this revolutionizing future. The future is filled with new jobs, students gaining international knowledge, and international standards becoming increasingly relevant. If we, as students don’t learn how countries work politically and economically we will eventually fail altogether. It is important that we become aware of this issue and educate ourselves on what the future may bring.

One of the positives of globalization in the business world is the creation of new jobs. With the increase of globalization, students can find themselves working in multinational corporations upon graduation. In addition, businessmen and women will have opportunities to travel to other countries and find work there. For example, Bruce Pounders states, “… it also presents new career opportunities for those who embrace the continuous, accelerating change that characterizes globalization.” In other words, there are job openings for people willing to take the next step, open their minds to new ideas, and adapt to new environments. Many people are not a fan of change and are not ready for globalization to take over. That is why is it extremely important to begin teaching students the importance of globalization and getting them to realize that this is what the future consists of. (“How Globalization is Affecting U.S. Accountants.”)

With the help of globalization, businessmen and women will gain important international knowledge and skills that will help them be successful in the long run. It is significant for business leaders to know how each country around the world conducts business. Recently, business employers started to look for candidates with the ability to analyze international markets. As a result, textbooks are being revised every year and it is becoming mandatory for students to take one or more years of foreign languages. Furthermore, the systems are changing rapidly and corporations are preparing their employees for globalization as best and as fast as they can. Jessica Nolan claimed in her article that, “companies are demanding that their employees attend seminars, workshops, and classes relating to globalization,” so that they know how to handle the rapid change and how to embrace it. In addition, learning tolerance and respect for other cultures is another important feature of globalization and a great international skill to have. It has been said many times that students are not learning the proper skills that are needed for the real world. “Global and International Issues in College Education,” an article written by Alina M. Zapalska, Steve Shuklian, Denis Rudd, and Frank Flanegin, states “Knowledge of how other countries affect us and how we affect the rest of the world must be incorporated in business curriculum,” (149). Furthermore, we, as students would gain a lot more knowledge and understanding of the world if we were exposed to it in school. Also, we would have more years of experience in this subject. Once again, students and employees are in desperate need to learn about globalization and understand the importance of it. (“Globalization’s impact on Accounting Education).

Lastly, international standards are becoming increasingly relevant. We used to believe that the U.S. GAAP was the highest quality set of financial accounting and reporting standards in the world, but lately it has been an issue with the world becoming more globalized. There has been a lot of talk of cancelling out U.S. GAAP and according to an article, IASB Chairman Sir David Tweedie states, “Within the next five years we expect the accounting standards of major economies such as those of Japan, Canada, China and India to converge with IFRSs while at the same time the differences between international standards and U.S. GAAP are being eliminated.” With the world becoming more globalized it is important that everyone around the world operates the same way economically. Furthermore, with foreign trade being significant, having different financial and accounting standards creates too many complications. IFRS and U.S. GAAP is in the process of being converged and according to Sir David Tweedie, “The aim of one set of high quality global standards will hopefully be achieved in the next few years.” Altogether, future accountants need to be aware of the changes coming soon and will need to learn the new standards that will be used all over the world. Therefore, students need to recognize these changes that are occurring and what the future may bring. (“How Globalization is Affecting U.S. Accountants”).

All in all, globalization is an occurring phenomenon that is impossible to be stopped and will change the future of the business world. Although many people see negative effects, there are also some good positives that come along with it as well. New jobs will be created, international skills and knowledge will be gained, and the world will have one set of high quality global standards. The only negative I see is the fact that no one is aware of this rapid upcoming change. If students do not take notice of this and professors are not making an effort to educate their students, then we are destined to become failures. Without knowledge and understanding, future accountants will have a big reality check when they enter the real world after graduating college. Globalization is going to have a major impact on accountants and future business leaders and as long as we educate ourselves I see nothing but positives for our future.

5 Animals of the Business World

My dearest friend and up-line from Taiwan, always full of amazing surprises, led a team-building workshop that I had the privilege of attending.

After her TV show in Taiwan as a business Psychology trainer, she sponsored 17 reps in her first month, breaking records in our new MLM business, and making her a new team leader here in Canada.

Kim revealed to me an astonishing secret used in the professional Taiwanese business world. There Kim is in high demand to fix multi-billion dollar companies such as Toyota, during her famous weekend workshops.

While here in North America, we have heard Network Marketing gurus teach us about different personalities, her magic, this secret of hers defies our Western logic.

In China, there are five animals representative of the business world.

1) Tiger: these are the leaders, the action people who know their business and what they want. They are the pace setters, trendsetters and set the stage for success in the industry.

2) Peacocks: These busy people know how to show their colors. Armed with great potential for team working, social networking and marketing, they shine best when they can show their amazing colors.

3) OWL: These people are loyal to the extreme. They know and excel at numbers, too. They are the irreplaceable troubleshooters, forecasters advisers and accountants of the business world.

4) Chameleons: Chameleons instantly adapt to any environment. They blend and truly connect well with anyone, anywhere. Kim says if you haven’t become somewhat of a Chameleon by the time you are 30 – you are dead in this world. They are rather indirect with immense powers of persuasion.

5) Koala bears like consistency and predictability. Hidden in the eucalyptus trees eating all day, these people can work behind the scenes often making great executives. However change doesn’t always come easy and seeing out of the box may require outside help.

Kim’s wisdom went beyond this. She said that while we usually demonstrate strengths in one personality type, many of business associates and fellow networkers have developed traits in 2 or 3 of these personality types.

So when you are recruiting a tiger, GET TO THE POINT. Don’t sell him on “why” they might want to see your business opportunity. They are totally independent and only need the tools you are offering to blaze their path to success. They prefer to sort out and solve their problems alone without outside help. Before you know it, you will be putting your faith in their ability to turn information into profit.

Peacocks do not fear risks and like to keep on the move and explore new horizons. They take on bright new ideas readily and tend to dominate others with their creativeness and originality. Provide them with opportunity to show off their unique amazing colors where they can impress others with their above average leadership qualities. They could well be the marketing guru you follow on you tube, branding themselves well with colorful photos and impressive links to draw your attention to them.

Owls are so loyal and good with numbers that you will just want them on your team, period – end of story! Build their trust and confidence by showing them the numbers IMMEDIATELY. That is all they will base their decision on. If they are asking to be shown them the comp plan get to the numbers right away! They are very success orientated and unwavering in their determination. Persistence pays!

Chameleons are perceptive, adaptive and can be very influential. Remember with Chameleons, while first finding their role and place online, they need to tap into the resources and talents of other marketers in order to brand themselves. Create a solid network marketing atmosphere for them loaded with handshaking mentors, tons of training resources and the very best networking sites they can hang out on and call home. However, the key is not to let them lean too much on others for support or they may not accomplish their goals.

A business team consisting mostly of Koala bears could need some spicing and livening up. Their responsible, disciplined and methodical manner can organize and run any business. They make excellent managers and will build solid home businesses. They are wise and prudent but their overly conservative natures, lack of imagination, over-protectiveness of their interests and their unadventurous outlooks on life can lead to stagnation.

Kim taught me to always adjust my training and relationship-building to meet each individual’s personality and needs. This information on personality traits of these 5 animals has been made available for the first time here in North America now in this article.

Enormous Benefits of Hidden Cameras in the Business World

There are enormous benefits of hidden cameras in the business world…..

Installation of hidden cameras in the business world at various areas on the business premises has grown rapidly. Technical innovations have taken its place and given businesses peace of mind. In today’s’ economic conditions as well as social conditions, business must be able to protect themselves anyway they can.

Hidden cameras set up inside and outside of the work place can give the business owner and its employees the peace of mind needed to do every day accomplishments. It is a great way to deal with surveillance in and around the business environment.

The major purpose of the manufacturers of surveillance hidden cameras was to know the business world requirements and to serve these businesses with the best surveillance technology they can come up with. The benefits of this technology will last for years.

Having surveillance hidden cameras have the benefit of awareness in the workplace. The cameras can give a quick review of the trouble makers in the work place as well as find intruders, reducing theft by employees and customers. Thievery and work force slackers cost businesses billions of dollars every year.

The social conditions of today leads to violence, corruption, bribery, fraud and even hatred. Supervision and cautiousness must be a priority to maintain peace and harmony every where, including the business world.

The well being, progress and the development of businesses is very essential today and as we are equipped with many revolutionary devices such as hidden cameras, we have to protect ourselves against all disturbances or interruptions which may divert our mind out of the unusual routines.

The highlight of the surveillance process is as significant as the security of our possessions. Either it is a public place, an office or our house; we have to take every precautionary measure so that we can protect our selves.

Equipment such as hidden cameras, spy cams, the nanny cams, and the CCTV cameras are the best devices businesses can buy and make use to prevent all the disturbances.

They are available from the tiniest size to the biggest size possible. The tiniest size can be available in the form of a pen, a neck tie and so on and the largest size can be available in the form of the CCTV camera.

The management of all businesses require a quiet and calm atmosphere in their working locations. Hidden cameras can help in fulfilling the job of surveillance without much trouble. Hidden cameras help out to record all the proceedings easily which can be viewed afterward in a VCR set. Every action can be captured with clarity giving businesses and their employees peace of mind.

Home Business World

There are advantages of working in the home business world is that you save money on travelling to and from work. If you previously had a long commute you know how expensive this can be whether you travel by car or use public transport. This is better for your pocket as well as the environment. You also save time that you would normally spend travelling, so you can have more time with your family and enjoying yourself.

Other advantages of the home business world are being able to have more flexibility over your working hours. If you prefer to work early or late in the day it is more likely that you will be able to do this if you are working at home. You can fit work more easily around family life and always make up time over the weekend if necessary. It makes it easier if children are ill and have to be home or if you have appointments that you need to work around. It is also an advantage not to have to wear office clothes every day. This can save you money and make you feel more comfortable when you work.

You are likely to work harder at home as there are less distractions than there are in big offices with phones ringing, the sound of chatter, and colleagues coming up for help or just a chat. If you are running your own business you are likely to be more motivated as you will directly benefit from all the extra money you make, unlike in a large business when often you are paid a fixed salary despite how hard you work.

The main disadvantage of the home business world is that you will spend a lot of time working on your own. It can be hard spending most of the day alone and it sometimes can be difficult to motivate yourself to work without your colleagues around. It can feel quiet and isolated, especially if you don’t have any family or friends near to where you work. You will need to make sure you get out in the evenings and weekends so that you have some company.

Other disadvantages of the home business world are not necessarily having all the resources you normally have like you do in the office. There are also expenses you may have, like the cost of phones, and heating or cooling your home office. You may have to invest in furnishing a room to use as an office, or at least a new desk and good computer. You’ll need to figure out if you will quickly make enough money to pay for these items or whether you will need to wait a while before investing in things like this.

Now you can see some of the advantages and disadvantages of the home business world.