Nike’s Core Values And Business

A company”s core philosophy has the power to influence, inspire, and challenge employees on a daily basis. Nike, being the progressive company they are, employs an emergent strategy, “one that originates in the interaction of an organization with its environment.” Our CEO Les Kollegian and President Charlie Van Vechten both believe strongly in Nike”s philosophy not only because of the great success it has garnered Nike and their products, but also because of the continuous call to creativity and innovation it facilitates. In fact, Les often quotes the Nike core purpose “experiencing the emotion of winning and crushing your competition” when educating businesses on the importance of a business core purpose to develop the foundation of a brand promise and value proposition. Also, we”re not sure if Nike”s talented creative agency Weiden Kennedy was a part of developing these principles, but we wouldn”t be surprised. Anyway”I digress. Here are the 11 Nike Maxims.

1. “It is our nature to innovate.” The company sees innovation as one of its core organizational competencies.

2. “Nike is a company.”

3. “Nike is a brand.” The “swoosh” logo is instantly recognizable around the world. Nike sees this as the symbol of its global leadership. It will enter only those markets that it thinks it can dominate. It says: “lf we can”t lead it, we don”t need it.”

4. “Simplify and go.” Nike products have short life-cycles in terms both of technology and fashion. The company believes that making quick yet skilful decisions is key to its success. This aspect of Nike”s vision, together with the seventh maxim, is particularly powerful in articulating the company”s hugely successful use of emergent strategy.

5. “The consumer decides.” The company is keenly aware of the sophistication of its customers and it treats them as its key stakeholder.

6. “Be a sponge.” Employees at Nike are encouraged to be curious and open to new ideas, whatever their source.

7. “Evolve immediately.” Nike sees itself as being in perpetual motion””viewing change as a key source of innovation. This attitude can easily be observed in the wide range of products that Nike offers its consumers. It is another example of the company”s use of emergent strategy to good effect.

8. “Do the right thing.” Nike thinks of itself as a responsible global citizen, embracing the stakeholder view of corporate social responsibility. It encourages its people to be honest and transparent and to promote diversity and sustainability.

9. “Master the fundamentals.” All the innovation in the world is useless if you can”t put it into action. A crucial part of Nike”s success is its ability to refine its performance””the recent growth in profits suggests that it”s achieving this.

10. “We are on the offense””always.” To stay ahead in an extremely competitive environment, Nike urges its people to act like leaders in their field to achieve victory.

11. “Remember the Man.” The late Bill Bowerman is still held in high esteem throughout Nike, both for his understanding of athletes” needs and for his innovative spirit. (Jerome Payne, www.cbsmoneywatch.com).”

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Sap Business One Consolidated Profit And Loss Statement How To Build

Business One is good solution when you are midmarket organization with attributes of multinational corporation, such as branches in foreign countries and headquarters and research facility in the United States. SAP B1 is popular in international business scenarios as it is localized in such popular regional powers as China, Brazil and Russian Federation. There are known cases studies when companies with non-SAP Corporate ERP applications launched Business One for their branches in Brazil and later one switched to it in the headquarters as well. There are some challenges however and one of them is consolidated financial reporting. As you may know such popular tools as Microsoft Management Reporter and FRx do not have GL connectors to SAP BO. Some customers are doing GL trial balance export to Excel and then prepare it to fit consolidation template. This is definitely possible way but you may mention that it is time consuming and open to human errors. In this publication we recommend old-good-days method of GL consolidation:

1.How does it work conceptually? You have to create new company with account structure matching your template. Then you schedule regular GL entries migration into this company General Ledger. This company obviously doesnt represent legal entity but it has all your branches GL activity and ready for consolidated Balance Sheet and P&L. You can use internal reporting

2.How does it work technically? You can deploy several tools. First of all it is possible to pull GL records via Data Transfer Workbench when it has integrations for each company SQL database via ODBC. Second method is programming with Software Development Kit. This second method might seem like something challenging. However it is only one type of transactions and code samples in VB and C# are straight forward. There are ISV products working with SAP B1 SQL database via direct data feed. They are usually expensive and require learning curve. But if you are ready to deploy luxury solution then you should probably make your homework

3.International Business Specific multicurrency. Business One is multicurrency enabled so in our opinion it is just one additional factor to incorporate into the solution. We have done it for the company which operates in Brazil and USA with respectively Real and Dollar

4.Standard for Chart of Accounts. This might be additional challenge as often company deploys the same system in several countries but contracts different consulting partners to do from ground up implementation without coordination with central office. In consolidated financial reporting Chart of Accounts should be reviewed and unified in all business entities. In any case this is good exercise in order to understand you foreign country branch operations and finances or in other words strengthen central control

5.Other aspects of multinational environment and Business One. It is generally good idea to host all the installations on the server located in the Headquarters. There are definitely some specifics associated with foreign company regulations and tax code. But these compliances should not be the central emphasis. Instead you should think about your new Corporate ERP system as the tool allowing you to exercise tight central control over all of your overseas subsidiaries. General advice is to assign chosen consulting organization here in the United States for picking subcontractors for each country to implement just compliance related functionality. Compliance is just a small part of what the system is for

6.Please call us 1-866-304-3265, 1-269-605-4904 (for international customers, where our representative pick up the phone in St. Joseph, MI call center). [emailprotected] We have local presence in Chicagoland, Southern California, South West Michigan and Houston and Dallas areas of Texas. We serve customers USA, Canada, Mexico and Brazil nationwide and internationally via web sessions and phone conferences (Skype is welcomed). Our consultants speak English, Spanish, Portuguese, Russian and Chinese. We feature our expertise is in International Business. We provide second opinion in SB1 data migration, customization and reporting

Delivering Business Value Planning Services

The Microsofts evaluation 74-674 is designed to verify your abilities in managing of Office program solutions such as business CMS, business intellect, specific marketing and sales communications, and business venture control software. The 74-674 evaluation generates you credit towards MS Accomplishment. The business value planning solutions is one of the most challenging examinations. This evaluation has a Situation Research format.
Audience Profile

Candidates for this evaluation are expert solutions professionals and workers of MS Associates who papers, evaluate, and create suggestions for upgrades to business procedures for clients who use MS Office program systems. Applicants should have at least one season of business research encounter.

Applicants should be acquainted with saving business procedures by using business modeling resources. Applicants must have a primary knowing of Office System solutions such as business CMS, business intellect, specific marketing and sales communications, and business venture control software. Applicants should be acquainted with business procedure reengineering principles.

Advantage and Career Options with MS 74-674 exam

When you pass Exam 74-674: Providing Business Value Planning Services, you complete the specifications for the following certification:

Microsoft Achievement

What to expect in 74-674 exam?

The evaluation 74-674 is comprised of approximately 45 to 55 multiple-choice concerns. All pretest concerns are at random placed throughout the evaluation. You need to attempt all concerns in 120 minutes. For passing the Providing Business Value Planning Services test, you have to earn 700 marks.

Requirements for the MS 74-674 exam

Candidates for this evaluation are expert solutions professionals and workers of MS associates who papers, evaluate, and create suggestions for upgrades to business procedures for clients who use MS Office program systems. Applicants should have at least one season of business research encounter.

Applicants should be acquainted with saving business procedures by using business modeling resources. Applicants must have a primary knowing of Office System solutions such as business CMS, business intellect, specific marketing and sales communications, and business venture control software. Applicants should be acquainted with business procedure reengineering principles.

Skills Being Measured

This evaluation measures your ability to accomplish the specialized tasks listed below. The rates indicate the relative weight of each major topic place on the evaluation. The higher the percentage, the more concerns you are likely to see on that material place on the evaluation.

Exam Objectives

Preparing For and Scoping an Engagement with a Customer. (16 percent)
Analyzing and Documenting the Current State of a Business Process (24 percent)
Optimizing a Business Process by Using Office System Solutions (30 percent)
Developing a Business Situation for a Recommended Solution (30 percent)

Preparing for MS Certifications

Each MS qualification has a series of specialized qualification evaluation relevant to a specific MS item, and so, choosing the right training item is very important. The easiest way to prepare for the MS qualification evaluation is to take practice tests on the MS qualification evaluation pattern and understand the correct as well as wrong answer details to clear your questions.

Advantages Of Business Presentation Folders

There are many advantages of business presentation folders. One of the biggest is organization. Obviously, if you plan to present your company to potential clients, it’s important to stay organized. The other big thing is that you need to recognize that your presentation folders keep circulating after they leave your hands.

Your presentation folders are going to be spending more time than you might think in the hands of your clients. Not only can a great folder put your presentation at the front of the list, but it can invite reuse.

All offices need presentation folders, you see. So, your clients may decide that, rather than throw your folder out or toss it in some sort of dead folder file, they’ll actually re-purpose it to suit their own needs around the office. You may never know it, but you folder could circulate around their offices for days, weeks or even months after you’re gone, continuing the advertising campaign for you.

Those are some very good reasons to make sure that you put your best foot forward by creating the ultimate presentation folders. On top of those reasons, though, a customized folder can also show your creative side. Anyone can put paperwork in a folder. It takes time, care and imagination to make the folder part of the pitch, though. Companies are apt to recognize that extra effort.

Digital printing has made it easier than ever to make that extra effort. In fact, you can even design your own folders right on your computer. All it takes is a little time and templates, which you can download from your print company’s website.

The age of digital printing also means that you no longer have to buy folders in bulk. You can order them in any amount, including single folders. That saves money and also helps to save the environment.

Speaking of saving the environment, another great thing is that you can order folders that are made out of recycled materials. Not only will that give you a good feeling that you’re doing your part to save the environment, but it will also impress many of your clients.

In fact, you might influence your clients to recycle your folders themselves around their offices. After all, extra file folders always come in handy. That means that your company logo and mission statement could be seen a lot more often and by a lot more people than you expect.

So, regardless of what sort of presentation you’re creating, be sure to create the right folder for it. Whether you use gussets, bright colors or special business card holders, it can really make your presentation pop. In fact, for a little added flair, you can even customize the size and shape of your presentation folders. The choices are entirely up to you and the possibilities are only limited by your imagination.

Growing Profitable Plants – A Perfect Home-based Business For Gardeners

Many stay-at-home moms love spending time in their garden. Watching plants sprout and grow can be so rewarding. But many people do don’t realize you can make a great income growing plants, averaging as much as $ 20 to $ 30 an hour. Yes, you really can. It’s all possible by growing plants for profit. It’s simply a perfect business for anyone who wants to work at home. Here’s why:

Many stay-at home moms love what they do, but would still like to make some extra cash. The big question is, how to do that when you have so many responsibilities at home? You need freedom to pick up the kids from school, to run errands and so on. So what business could give you that, plus make you good money? That’s easy, growing profitable plants. Growing plants does doesn’t require a full-time commitment. You can work plant care into your daily schedule, doing it whenever you’re able.

First, you pick the plants you want to grow. Visit local nurseries to see what plants are popular.. Do you have favorites – succulents or ground covers, for example? See if the nurseries are stocking lots of your favorites, as that’s a good clue about their popularity. Talk to local landscapers to find out what their favorite varieties are. Next, get planting! Make sure you have a suitable potting soil mix, plant labels so you can tell which plant is which, slow-release fertilizer (also known as time-release fertilizer) to give your plants healthy nutrients on a slow basis, and a good number of the right size containers to put your plants in. Thrifty growers can often get free containers from local landscapers, who would rather recycle them than haul them to the dump.

When you’re ready to sell your plants, you have lots of ways to market your plants. Here are some popular choices:

Farmers’ markets continue to be popular events drawing big crowds eager to buy high quality plants from local growers.

Fundraisers are a way to bring positive attention to your business. Donate some of your profits to a good cause or charity, and it can benefit the charity or cause and still give you a tidy profit. People are usually more willing to spend money on good products if they know some of the profits are going towards a good cause.

Selling directly to landscapers is a way to make big profits and have steady repeat business. If you can supply landscapers with what they’re looking for at reasonable prices, they’ll be calling you a lot.

These are just three of several ways to make good money growing for market. And get this, it’s the perfect activity to do with your kids and other family members. For one, it can keep your kids involved and close to you. Instead of playing video games, your kids can learn the process of growing plants and how to take care of a living thing. It’s an on-going education in life for everyone.

If you’re a stay-at-home mom that wants to start a rewarding business that you can do on your time, then you should consider starting a backyard plant nursery. Soon you can be growing plants for profit. To learn more, read How to Start a Profitable Backyard Plant Nursery, available at profitableplants.com. There, you can also sign up for a free mini-course, 8 Most Profitable Plants to Grow.

Why A Business Model Is So Important

A business model explains the rationale of how a company establishes, provides, and captures value. It includes the product or services offered, sources of revenue, customer base, organizational structure, strategies, operational process, and financing. Basically, the methodology and infrastructure of a business combine to form the business model. This model should be created long before a business opens its doors.

Before starting a business, an entrepreneur should be aware of the basic process for building one. This knowledge proves valuable when creating the business model. Certain aspects of infrastructure, operations, and strategic thinking have proven successful, while others are destined to fail. Being able to distinguish one from the other enables a business owner to avoid the pitfalls. A business with a model that maximizes opportunities and avoids threats is positioned for long-term success.

Sales are an important aspect of the business model and this is where proven methods really shine. By learning how to quickly generate income from sales, any business can get out of the growing pains stage much faster. The sooner a company can pass through this phase, the less likely it is to become a statistic. Quick success is especially important in the online world, where competition is particularly fierce. When a company becomes financially independent, so will its owners, and this is a much more comfortable way to live.

Closing a sale successfully is what leads to income so a business model should include information regarding closing techniques. These should be based on success achieved by other businesses and should be shared with the entire staff. Every employee serves as a mouthpiece for the organization so it only makes sense that each staff member be skilled in closing a deal.

Prospects have many excuses, especially during times when money is tight. They may be fearful of making a purchase because they do not want to spend their hard-earned money. Some of them convert this fear to aggression, placing pressure on the business. Staff should be trained in handling these situations and know how to convert negatives like this to positives.

Leaders in business know what it takes to achieve and maintain a high level of sales. It is not unusual for them to have salaries into the seven figures. By incorporating what they do and how they do it, any business can realize similar results. A sound business model can result in an entrepreneur making more money than ever anticipated.

Identifying Your Business Team Member’s Personality Colors

Being a business team leader can be a very daunting task. Almost always you will find that your team consists of very diverse individuals. As a team leader it is your responsibility to motivate your team members towards a common goal. This can be very difficult when your team members each have their very own strengths, weaknesses and conflicts. In this article we will discuss how to recognize the four main personality types by color so that you can better understand the needs of your team members on an individual basis.

As a leader you will quickly notice how well your team works together once you have identified the individual strengths of each team member. Also, by recognizing each individual’s strengths you will know which task they will naturally excel in. This will lead to better delegation on your part which will ultimately build a stronger, more efficient, stream lined team. You will also find that you are able to communicate better once you recognize each team member’s needs, work ethics and values. Your team members will notice the change in how you are leading them and in turn be even more motivated to reach their goals.

Below is a short overview of the four main personality colors Orange, Blue, Gold and Green. Each color will be listed with the working styles, personality types and values attributed to it.

The Orange personality works well with other people in a healthy team work environment encouraging competition and camaraderie. They are very creative and highly energetic and do well with action oriented tasks. They love having the freedom to use their skills and show off their abilities. An Orange personality does have a difficult time dealing with too much structure or management. They tend to feel blocked and have a difficult time functioning if they feel they are being micro-managed. Time consuming and prolonged administrative tasks can difficult for the Orange where they may feel impatient and bored.

The Blue personality is a very social type. They love making friends and having a strong social network is very important to them. This makes them very good at building relationships with clients, customers, coworkers and employers. The Blue personality can be very sensitive to conflicts or strong competition but will thrive in any positive, service orientated atmosphere.

The Gold personality is a very serious individual and is so with their work responsibilities. They like to be part of a successful and productive team where they can continually contribute. They love receiving rewards, incentives and positive recognition. The Gold personality tends to need a great deal of structure where time lines should be enforced and expectations made very clear. They look to their leaders for constant reassurance on how well they are doing.

A Green personality lacks in people skills. They love facts, data, research, and anything analytical. You will find that they are almost always seen as an expert in whatever interests them. Most of those interests will be complex systems, data analysis, statistics, or design. The Green personality’s weakness can be the lack of follow through and tend to be quite rude in some social scenes.

By recognizing the personality colors of each of your team members you will have the ability to meld your team into a well coordinated, unified group. Your leadership skills will shine as you delegate tasks to each team member according to their strengths and expertise. Remember, a well harmonized team is a team made for nothing but success.

Carrie Krishnek

Taking Advantage Of New Dubai Small Business Opportunities For A Profitable Venture In The Uae

If it’s your first time to dish out money for a small-scale venture in the UAE then here are some new opportunities you might want to look into before you get started with planning.

Imports and Exports

Small-scale entrepreneurs might want to try opening a trading company in Dubai to target import and export duties for fun and profit. Current market shows that there is a big market in importing foreign products and exporting local goods to countries, like Japan, United States, and China.

For example, pearl imports have seen a growth to 30% for this year alone which is a good opportunity for entrepreneurs who have contacts in the pearl industry. Import of construction materials are also in great demand due to the continuous constructions projects currently planned out for Dubai’s improvement. Exports of local products are also a profitable venture as well, especially if you target popular local goods, like medicines and ceramic tiles. Import and export of food products also yields profitable figures as well.

Recreational and Entertainment Establishments

Many new Dubai small business opportunities are mainly centered on recreational and entertainment facilities believed to be scarce in the city. The increasing number of tourists in the city, as well as the demand from local society has made it a profitable investment in opening up nightclubs, recreational kiosks, even entertainment hubs to target the needs of native UAE and foreign tourists alike.

Real Estate Investment

Real estate investment in Dubai has taken a turn for the better. New construction projects on various residential facilities and luxury homes are underway to target the need of local and foreign visitors. Trying your hand out in real estate as one of the potential new Dubai small business opportunities gives you enough leverage with the investment — offering you a risk-free acquisition. You can buy a real estate property to cater to local needs, or investment in many real estate properties for monthly rental or resell later on when prices yields to your favor.

Health Care

There is a huge need of professional health care workers in the UAE, especially in Dubai. As the city grows, hospitals and private institutions are in need of skilled nurses and care givers to cater to the needs of the locals. Such is the case, opening up a recruitment agency in the city as one of the new Dubai small business opportunities might be your ticket to success and profit. Investors with contacts with interested workers in other countries will do well in this industry, especially those catering to Child Care since this is considered to be a trend in Dubai’s current recruitment trend.

Travel Agency

One of the most lucrative new Dubai small business opportunities is in the travel industry. Many in the known-world are seeing Dubai as a tourist attraction and having a travel agency to cater to this trend promises a lot of profit on your way. This type of business requires you to be affiliated or familiar with various accommodations in Dubai, as well as in the rest of the UAE; tour options, recreational and entertainment facilities and services to cater to vacationer’s needs.

Getting Started

If you’re thinking if opening up a small-scale business in Dubai then you might want to stay away from Free Trade Zones due to financial issues. Opening up a sole ownership enterprise in the city might be too much to handle so the only option left for the investment is to set up an enterprise with native UAE sponsor as your partner. This way, you get to earn the profits while they take care of handling and managing the operation of the business.

Keep in mind, however, that you need a sponsor who is knowledgeable in the type of business you want to put up in the city. You can only take advantage of new Dubai small business opportunities if your local sponsor can give you accurate market trends and figures to help you plan it out. If you’re new to this venture then it would be best to have a local business consultant firm lend you their expertise to help you set things up from scratch.

Twitter Has Completely Revolutionized The Business And Advertising Worlds

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Proof Reading And Editing Services Can Boost Your Contemporary Business!

Globalization has gained impetus and in todays time where perfection and professionalism rules, it is imperative to fritter time and money to assure that all your certified documents are proof-read and edited without any mistakes. For a proficient mistake free experience, you need to invest in a good and reliable skilled service which puts in their best to proof read and edit your professional documents furnishing you with the best. Whether you are dealing with professional firms or you are gaining a potential client for your business, proof-reading is a vital element in structuring and shaping your deal. You must think twice are you willing to put your deal at risk? To gauge this you can compare the cost you will incur in hiring a specialized editing service and also weigh the cost you will incur when you lose a deal worth thousands and millions. Choice is yours.

How important is proof reading and editing?

Well! Some businesses have this perception that they are proficient enough to proof-read and edit their own creations. However, this can only be possible if you write occasionally but dealing with business deals, qualified document writing isnt an occasional thing wherein you cannot reply on your proofreading and editing skills. This is where specialized proofreading services come in. There are various trained proofreading and editing services which make sure that the final document is mistake free before it is used for business dealings.

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