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 Business terms and attributes that you need to know -2

commitment - This is an attribute necessary for each employee and manager. The attorney sees at the end what they were connected with at the beginning. A faithful man gives him everything. Sometimes people may not show any commitment if the leadership and vision of the organization is not clear. People, of course, will not do what they are not sure about. Commitment is almost like loyalty. When people buy the vision and goals of an organization, they are more likely to set out their personal comfort and are committed to the success and success of the organization. When team members are committed to their tasks, completion and success are inevitable.

Company - It is a registered organization with employees and managers. A company is also called an organization or business. The general structure of the company has a managing director at the highest level (chief executive officer), and below it - individual department heads, for example, director of sales and marketing, human resources, finance and administrator, operations, etc. The company is divided into individual business units that seem independent, but are actually interdependent in other departments. Companies and # 39; existence is usually regulated by the Companies Act of the country in which the business is registered. See Business in section B. The company is also referred to as a legal entity.

connection - The way we communicate inside and with external holders is what usually divides companies from mediocre ones. If you cannot communicate with your employees about the vision, goals, etc., you should not expect miracles from them. If you cannot reach your customers and suppliers there, it is no wonder that you seem to be on an island of stagnation. Communication uses a channel that varies from print media to electronic media. More and more communications are now electronic, as they are faster, cheaper and reach a larger audience. Companies that have gone bankrupt may actually mention that because they could not listen to the needs communicated by their client, they actually ran out of business. Communication is the key to success.

Competition - When you have another company or a company offering services such as the ones you offer, they are considered to be your competitors. You are competing to win the heart of a customer. You are competing for space, orders, attention, etc. It's great to have a competition. Your competition is not your enemy. This helps keep your services in check. In situations where companies are monopolists, there is a general tendency to slip away, relax, and accept a business that will always be there. That is why the same company will tolerate the day when a competitor enters the same market, because consumers never forget those who care about diverse needs.

confidentiality - Information in the organization has levels of exposure. Information intended for public consumption will be available in the press or on company bulletin boards. Sometimes the main email can be sent to the whole organization. However, certain confidential information is intended only for a few recipients, since the same information in the hands of someone from the workshop can be quite frightening, raising the pace and levels of anxiety within the organization. When the minutes of meetings are leaked to people who do not participate in discussions, absolute chaos begins. One of the qualities for personal assistants and secretaries is the ability to maintain confidence. If you do not succeed in this area, then you are not good enough as a leader or assistant leader.

Conglomerate - This is a business organization that cooperates with many companies or companies. This is usually called a group of companies. This happens when the management of the company decides to diversify into other business areas until the moment when the companies are registered for processing additional lines or services, and not for one company with different products and services. For example, the Financial Services Group may have a bank, a stock trading company, an insurance company, a risk management company, a financial accounting firm, an auditing firm, etc.




 Business terms and attributes that you need to know -2


 Business terms and attributes that you need to know -2

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