Month: December 2018

Kerry Kodatt Dallas TX is a Successful Business Management Professional

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Kerry Kodatt Dallas TX is an expert in payment solutions and services. As a successful business management professional, he has held numerous executive level positions with leading companies such as First Data Corporation, Chase, Paymentech and Retail Pro. He has worked with fortune 1000 companies and has extensive experience in motivational speaking, sales leadership and executive leadership. A relationship-centric leader, Kerry Kodatt Dallas TX, has successfully worked in developing regional, national and international teams to increase revenues, profits and stakeholder value. He has successfully managed client portfolios of more than $50BB in sales volume and $8BB in sales revenue.

Kerry Kodatt Dallas TX has more than 10 years of international business experience and has completed prestigious projects and assignments on five continents. He is a relationship-centric leader who has successfully worked in developing regional, national and international teams to increase revenues, profits and stakeholder value. Kerry Kodatt Dallas TX has had a very successful career full of many distinguished accomplishments and managing to increase sales by as much as 400% and up to $500 Million while working with GTECH Corporation, FL has been one of the highlights of his career. He launched 22 new business entities and 26 multi-functional organizations globally. Kerry Kodatt Dallas TX has received numerous awards for his excellent performance and achievement in his career. He received national recognition as one of the Most Prominent Business leaders on a number of occasions.

Kerry Kodatt Dallas TX has a solid educational background which includes Bachelor’s degree in Economics and his Masters Degree in Business Administration with an emphasis on International Business and Finance at Bellarmine University in Louisville.

About The Author: Kenneth Stone is a technical writer, researcher who has a passion of writing and research. He mainly spends his time to informative websites like Wikipedia and Squidoo. Nowadays, He’s writing about finance articles which are his core interest.

Choosing Business Management Diploma and Certificate Business Management Course

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There are instances where taking the longer route is not necessary. For instance, going for short business management programs such as certificate business management course and business management diploma instead of a four-year business management course may be the better choice. In terms of time and finances, the short courses win hands down. And though you will definitely learn more if you’ll return to a university, the other option may be more practical. This is true in many scenarios. Perhaps what needs to be done can be accomplished with only a few months of in-depth study and you can find this in good business management diploma courses. It could be a recent job promotion that requires some business acumen or a new endeavour that could fare better if the manager has ample business background. Even successful business managers also need to update their current skills and techniques to stay competitive. This is why business management programs that can be taken quickly and conveniently are very popular. However, not all institutions offering business management programs are credible so be cautious when signing up for a business management diploma course or any other business management course. Review the course outline and see if it includes the discussions you need. A good school is interested in your development and not just in collecting fees so check the services they offer aside from the modules. Qualified business managers will always be needed in almost any organization and company. Hence, you are sure to find many opportunities after completing a business management course. Getting a business management diploma first is also a good way to check if this is a field you want to specialise in. After all, studying business management programs for a couple years will definitely be costly. You may wish to test the water first and work for an established business. Getting a business management diploma is a win-win strategy because there is very little chance that you would waste what you will learn in this business management course. Business skills are relevant whether you wish to be employed or want to start your own business. Even students and stay at home moms can put up their own business nowadays so why can’t you? The key is in finding good business management programs that can help you kick start or improve your career in business management. Fast track your business management career with a business management course from International Career Institute. ICI offers business management diploma and other business management programs that can cater to your need for convenient, affordable and comprehensive courses.visit here http://www.ici.net.au/businessmanagement/index.htm.

Amazon’s Strategy Development Approach – External Assessments

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Amazon is the 5th most admired company in the world. How did it become so successful so quickly? Strategy! Investing in the right plans at the right time and staying the course.

The purpose of this article is to review Amazon’s strategy development model and the external assessment tools it used in helping it to formulate and select top strategies. (Please note that external assessment tools are but a small but vital part of Amazon’s strategic planning process.)

Amazon embraced what known as a “design school model” of strategy development. Despite the title, the model is simple to understand and can be highly effective. It is the one used most by professors and consulting organizations.The diagram located at http://www.strategic-planning-resources.com/Amazon-Strategy-Development-Model.html is Henry Mintzbergs illustration of the model.

Organizations often struggle in finding a compelling competitive position. Successful organization can begin to drift away and total fail at what it takes to be successful. This tool can begin to help an organization get into the game.

EXTERNAL APPRAISALS

The design school model calls for both external and internal appraisals. An external appraisal helps an organization to understand threats and opportunities that are out there in the market. The internal assessment helps the organization to understand its strengths and weaknesses. The “Strengths, Weaknesses, Opportunities and Threats” (SWOT) tool is one that most people are familiar with and stems from the design school model.

To do this, Amazon conducted the external analysis using the following analysis frameworks:

– PESTEL Analysis

– Industry and Competitor Analysis

– Competitor Analysis

– Global Internet Trends

– GE Matrix

PESTEL ANALYSIS

The “PRESTEL” framework helped Amazon to identify trends that could impact them in six key areas:

– (P) Political factors: areas to focus on include political direction, taxes, trade restrictions

– (E) Economic factors: includes GDP, inflation, interest rates, exchange rates and other macro and micro economic factors

– (S) Social factors: includes social trends, population growth rate, age distribution, career expectations, etc.

– (T) Technology factors: includes equipment, information technology, R&D

– (L) Legal factors: include health, safety, employment, discrimination, consumer and antitrust laws

– (E) Environmental factors: includes weather and climate

COMPETITIVE POSITION

The external appraisal includes Amazon looking at its competitive position to determine opportunities and risks and where it should focus. To do this, they use Porters 5 force tool that helps them to understand the strengths and weakness of its competitive position, and where they might consider moving forward. In simplest terms, the model looks assumes there are five important forces that determine competitive power. These are:

– Supplier Power: How powerful are your suppliers? Is it easy for them to drive up their prices and are you stuck? If there are a number of suppliers providing the same product at the quality and price you want, then the suppliers dont have much power. However, if the supplier provides a unique product that others cant compete with, then they have more power.

Change Your Thinking to have Financial Security

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To create a stable financial foundation, it is important to review your past remembering your restraining opinions and worries around money. Reviewing your financial history and thinking patterns will help you identify the blockages to your financial security. Being mindful of your financial obstacles gives you the opportunity figure out when you accepted these thoughts. It will also help you eventually reconfigure your financial plan to be financially secure. It’s astonishing that people are repressed by restricting anxieties and views about money. This understanding of money has been rooted in us from our experiences, environment and what we were told about money.

I use a three step process to help my clients understand their money attitude. The three steps are realization, perception and remodeling. The first step is to become conscious of your money mental blocks. The next step is to comprehend when and where these beliefs started. After you have determined what the limits are and their origin, the final step is restructuring that specific thought to an affirmative view.

Below is an outline of three steps to uncover past experiences that may be replaying in your sub consciousness.
Familiarize yourself with your money background: Working with clients, I request straightforward explanations to intriguing questions regarding money in their childhood and how money has come to them in the present. Ask yourself the questions below to help pinpoint contrary beliefs that may be hindering your progress.
What is the money history from your childhood? What did you observe, experience or listen to regarding money?
Who taught you about money? Who was the significant person that affected your thinking about money?

Comprehend the effect your money history has on you currently: After classifying your past experiences and observations about money, you will next review the way this story influence your money actions and decisions. Ask the next questions below.
In what ways did past money experiences and observations appear in your current behavior? This includes, monetarily, your feelings, materially, faith or religion. It also includes any other affects these moments have had on your present life.
What is the bottom-line idea in the money story? Some examples are:
I dont manage money well.
Too much money will decrease my faith.
I dislike people that have lots of money.
Doing work you enjoy will not make you wealthy.

Recondition your behavior: After becoming knowledgeable of your money history and its affect on your current actions, you are now ready to reorganize your thinking. One of the best methods to re-program your thinking is by placing a rubber band on your wrist and snapping yourself for every negative thought that surfaces in your mind regarding money. This works because you become upset and sore from this action. In case you want a milder path, keep a journal to record of every negative thought and prove why its false. Write down the instances, where your life has demonstrated the opposite.Being completely honest, I went through this process a few times discovering deterring beliefs about money that I have accepted subconsciously through life. My parents gave me excellent money management knowledge and also implanted that financial security derives from money earned and perks. Basically, being an employee provides financial security – but this belief is not supportive for a business owner. I changed my thoughts to believe that I could depend on myself.

This practice of analyzing your money beliefs can be more significant than creating a financial plan or knowing your current financial position to decrease debts and accumulate wealth. You need a strong financial foundation which is your conscious and sub conscious state of mind.

File Processing Systems

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Even the earliest business computer systems were used to process business records and produce information. They were generally faster and more accurate than equivalent manual systems. These systems stored groups of records in separate files, and so they were called file processing systems. Although file processing systems are a great improvement over manual systems, they do have the following limitations:

Data is separated and isolated.

Data is often duplicated.

Application programs are dependent on file formats.

It is difficult to represent complex objects using file processing systems. Data is separate and isolated. Recall that as the marketing manager you needed to relate sales data to customer data. Somehow you need to extract data from both the CUSTOMER and ORDER files and combine it into a single file for processing. To do this, computer programmers determine which parts of each of the files are needed. Then they determine how the files are related to one another, and finally they coordinate the processing of the files so the correct data is extracted. This data is then used to produce the information. Imagine the problems of extracting data from ten or fifteen files instead of just two! Data is often duplicated. In the record club example, a member’s name, address, and membership number are stored in both files. Although this duplicate data wastes a small amount of file space, that is not the most serious problem with duplicate data. The major problem concerns data integrity. A collection of data has integrity if the data is logically consistent. This means, in part, that duplicated data items agree with one another. Poor data integrity often develops in file processing systems. If a member were to change his or her name or address, then all files containing that data need to be updated. The danger lies in the risk that all files might not be updated, causing discrepancies between the files. Data integrity problems are serious. If data items differ, inconsistent results will be produced. A report from one application might disagree with a report from another application. At least one of them will be incorrect, but who can tell which one? When this occurs, the credibility of the stored data comes into question. Application programs are dependent on file formats. In file processing systems, the physical formats of files and records are entered in the application programs that process the files. In COBOL, for example, file formats are written in the DATA DIVISION. The problem with this arrangement is that changes in file formats result in program updates. For example, if the Customer record were modified to expand the ZIP Code field from five to nine digits, all programs that use the Customer record need to be modified, even if they do not use the ZIP Code field. There might be twenty programs that process the CUSTOMER file. A change like this one means that a programmer needs to identify all the affected programs, then modify and retest them. This is both time consuming and error-prone. It is also very frustrating to have to modify programs that do not even use the field whose format changed. It is difficult to represent complex objects using file processing systems. This last weakness of file processing systems may seem a bit theoretical, but it is an important shortcoming.