Category: Business

Although the concept of a Business Administration qualification seems fairly recent, the first business school opened in the early 19th century, and by the mid-20th century numerous schools in Europe were offering qualifications in business. With the first program launched in Barcelona in 1959, students studying todays Bachelor of Business Administration in Barcelona can benefit from the citys 60-plus years of experience in this area.

Business Administration itself is very diverse. Generally speaking, it consists in effectively managing a business and helping it to grow and achieve more, whilst ensuring growth is achievable, realistic and that stability is maintained in the company. More precisely, there are many different sides to business administration and studying a Bachelor of Business Administration in Barcelona can give you not only all-round knowledge of these areas (useful in todays job market where many find themselves performing multiple roles, or transferring to other departments), but can allow you to specialize in an area you find particularly stimulating.

So what exactly is Business Administration when broken down? Henri Fayol, an engineer born in 1841, who is best-known for his General and Industrial Administration, based on his own management experiences, is seen as a trailblazer in defining business administration. He defined 5 primary functions of management, or Business Administration:

Planning and Forecasting

Organization

Direction

Coordination

Feedback

We can see how these principles have influenced business management today by equating these management functions to departments in all areas of modern businesses, such as Operations, Logistics, HR. Marketing, Economics, and of course Management. Thus it can be seen that Business Administration is a key part of most areas of company management.

Now that we have seen how key Business Administration is to companies operating today, there still remains the question of what you will learn when studying for a Bachelor of Business Administration in Barcelona. Course contents vary depending on the institution but at GBS the emphasis is on innovation and preparing you to work in global business, as well as equipping you with the basic core business concepts everyone needs in order to be successful in business. This international focus not only prepares you to work in markets as diverse as Asia, Europe and Latin America, but as you will be studying with students from all over the world, you are sure to gain much cultural sensitivity and learn from interactions with students from all over the world!

In addition, the Bachelor of Business Administration in Barcelona (or BBA for short) allows you to study modules in global Communications, Marketing, Management and Entrepreneurship. It also allows you to take elective modules in areas of particular interest, such as the study of markets you may be less familiar with. What is certain is that Business Administration embraces all areas of corporate activity, and studying a Bachelor of Business Administration in Barcelona is one of the best ways to increase your adaptability, cultural knowledge and to improve your future career prospects.

Companies rapidly expanding to the global marketplace may have the great opportunities for profit, however, if unable to carefully evaluate the international business risks involve, the golden opportunity perceived may soon turn into an expensive mistake.

Doing business in the domestic marketplace may involve looking only as far as the potential customers ability to pay and willingness to pay. When doing business internationally however, the definition of risk expands beyond customer commercial risk that includes country risk. In fact, the first thing that should be analyzed before evaluating the elements of risks associated to individual customers, is the country risk. If the country risk shows of great risk then it is senseless to continue information on the customer, but if the country risk is acceptable then the nature and extent of the country risk can help formulate the method of customer risk analysis.

International Business Risks #1 Country Risk
Approving and accepting credit to a foreign customer is also accepting the risk of the customers country. Country risk analysis means being decisive of the country credit-worthiness in terms of the willingness and ability of a foreign government to make available to local companies foreign exchange essential to service their foreign currency denominated responsibility or debts to foreign suppliers.

Evaluation of country risks takes into account the possibility of delayed payment or credit loss which can result from any one or a combination of four wide risk conditions such as the resource base, external accounts, political risks, and government policy. Always remember that these factors are interrelated and often overlap with each other.

International Business Risks #2 Political Risks
Analyzing the political outlook of a country maybe more important than analyzing the financial and economic matters of the country. In political risk analysis, one should look into reasonable assurance that if ever political change comes, as it always does, the change will be orderly and there will be practical continuity in basic economic and financial policies.

The possibility of suspension on external debt or even rejection should be carefully assessed. Leadership changes can also change the way in which international investment community views the economic future of the country. Wide fluctuations in currency markets can occur as well as government policies threatening to destroy investment and property of commercial investors in a country. Capital flight is inevitable usually resulting to restrictions of the countrys government on the flow of currency and disruption in international trade.

International Business Risk #3 Foreign Exchange Risks
Like any other commodity, currencies also follow the law of supply and demand which is subject to economic as well as political conditions. Exchange rates can fluctuate uncontrollably, sometimes a lot of times in a day, harshly complicating a companys short-term and long-term financial strategic decisions.

The importance of analyzing international business risks should never be underestimated as all these risks have a tremendous impact on the trade of goods and services between nations and thus affecting the failure or success of a business internationally.

Home based businesses can be ideal if they are set up and maintained properly. The following are a set of tips to de-mystify the process of setting up a home business, and running it smoothly. Everyone considering this type of undertaking should arm themselves with lots of solid advice. Take regular breaks throughout your day, but don’t get distracted by the home environment. Don’t begin complicated home improvement projects or take long, personal calls. Take active breaks to refresh your body and mind, for example a bit of exercise or work in your garden. Unless you live alone, be considerate of the others in your household. Don’t let your work take over common spaces or invade someone else’s personal area. Don’t treat your roommates or family like employees. Make your needs known, but remember that this space is a home first and an office second.

Even though you are working at home, it is important that you establish a proper business schedule. By making a proper schedule and sticking to it you are showing others that you are serious about what you are doing. It also shows them that you can be reliable and dependable. To reduce distractions keep your office off limits to children. Have set work hours that enable you to run your business and still have time for your family. Older children should understand not to disturb you while you are working. For your business to succeed your family needs to be supportive and respectful of your work schedule.

It is essential to give your web site address to as many search engines as possible, even the small, unknown ones. You want to do everything you can to increase the likelihood that a potential client will come across your site. This step does not take long and could have positive results for you in the future. Promote your home business by running a contest on your web site. It will attract potential customers to your page and possibly result in new sales. Get the word out about your promotion by advertising on social media sites, contest boards, ezines and search engines. The return you receive, will be well worth the extra effort involved.

Use your web site to advertise a free product for visitors. This will increase traffic on your site and give potential customers the ability to sample your product. Although it may cost a little money in the beginning, you should make up for it in sales from impressed new customers. Join an affiliate program and sell your products through them as well. You can search online to find several that will meet your needs. This allows your home business to exchange affiliate links and reach a broader customer base, leading to increased sales for your product. It is quick and easy to sign up.

Receive consult from a tax professional who is experienced in dealing with your type and size of business. There are several different tax requirements for different businesses, and there could very well be special statuses and credits given for your type of business – so a consult with a professional is always a good idea.

Keep everything as organized as possible to make it easier for you to keep your bills paid on time and your customers happy. Find a place with few distractions that you can dedicate to only your home business supplies. It will make the time that you spend working more efficient. There is no such thing as doing too much reading up and researching on how to make a home based business successful. So much needs to be in place and well managed before a home based business is even a possibility. The rewards will be well worth the extra effort.

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Looking for a new business analyst job can be intimidating whether you are a seasoned business analyst looking for a challenging business analyst position or you are applying for entry-level business analyst positions.If you do not handle your business analyst job search correctly, you may be passed over for positions that you are really qualified for or your resume may never get to the desk of the hiring managers or you may get discouraged by the lack of interest in your resume from potential employers. Whatever your situation, what I am about to say next may help you find your ideal business analyst job quickly, fast track your business analyst career or help you become a star player in the business analyst industry, so, pay attention!

Why Do I Need A Cover Letter and a Resume?
One of the things that can set you apart from all the other business analysts out there is your cover letter. This statement may be unexpected because most of us assume that recruiters and human resources departments receive so many resumes that your cover letter barely receives a cursory glance. However, this is no reason not to send out a great cover letter with your business analyst resume. You need a cover letter for the following reason; a cover letter shows that you put extra effort into introducing yourself to the company by creating a customized letter describing your business analyst training, business analyst skills and business analyst experience. Without the cover letter, the company assumes that you may be applying to every single business analyst job out there rather than taking the time to apply to specific business analyst position that matches your skill set and background. Your cover letter helps recruiters to select you from the hundreds of candidate’s resumes they receive. The recruiter scans your cover letter to see if anything jumps out to grab him and if your cover letter is memorable, he or she will move your resume over to the “Read” pile instead of the “Toss” pile.

A Good Cover Letter Will Help You Get Hired Fast!
Your resume will probably look much like that of other candidates who have the same business analyst education, skills, and training. This is why I highly suggest the use of a cover letter when applying for a business analyst position if you want to make a favorable first impression. Even if you dont have much prior business analyst work experience a cover letter highlighting your business analyst education & business analyst training gives you the means to show the hiring manager that you still have what it takes to do the job well. You should showcase your applicable characteristics even if they are mentioned on your resume. This shows that you took the time to create a unique cover letter that specifically addresses the company you are applying to. Note that you may not reuse the same cover letter over and over, as each cover letter must be unique and customized in order to stand out from the other candidates.

How To Write An Awesome Business Analyst Cover Letter!
You have decided to apply for a business analyst job posting and you have read the rest of this article, so you are ready to write a cover letter that makes your resume stand out. Here is what you must do. Read the job description and then use your cover letter to position you for the business analyst job opening. If the job opening is for a Business Analyst with Agile Methodology experience, mention that. If the resume requires Rational Unified Process (RUP) experience, mention that or else mention that you have Rational Unified Process (RUP) Training. List the key, measurable business results you have been principal to achieving. List all UML Training, Agile Training, Use Case Training, Requirements Analysis Training, skills and job experience. Mention any Fortune 500 corporations, business consulting experience, or experience in any industry aligned with that of your potential employer.
Finally, make sure your cover letter matches your key business analysis skills, training, certifications or job experience with the qualifications or requirements of the business analyst job posting.

Get the Attention of the Hiring Manager
How do you get noticed from a cover letter? The answer is getting the hiring managers attention right from the beginning of your cover letter. The introduction of your cover letter should be concentrated on grabbing attention in order to interest the reader into reading the letter through to completion. In the introduction you can tell of how you became interested in the business analysis industry, any formal experiences you may have in gathering business requirements, your successes, and your passion for being a business analyst. Then get into some of your previous business analyst projects and the results of the projects. Continue on by filling in the details about the business analyst skills you have mastered and the experience that makes you the better choice for the position. Accentuate how those learned skills will help the company to accomplish its objective of requirements gathering.

How To Format A Business Analyst Job Search Cover Letter
When writing your business analyst job search cover letter stay close to the straight and narrow path in formatting the letter. Use normal business conventions in the opening paragraph, when addressing the business analyst job position, and in the closing paragraph of your cover letter. This will apply to cover letters that you send to business analyst job postings by email, fax, snail mail or business analyst jobs posted on job boards like Monster.com, Dice.com, etc. Be courteous and business-like. Formality will not take away from you if you have something interesting to say, so keep the cover letter short by being focused and getting straight to the point. The entire cover letter should not be more than four paragraphs. Avoid starting out with to whom it may concern., that is old school If possible, you should use the name of the recruiting manager mentioned in the business analyst job posting. Do not use slang, cute phrases, emoticons or graphics. Make sure your spelling and grammar are correct. Use a spell-checker and if possible, get a friend or mentor to proof-read the cover letter before you send it out.

Finally, remember that your cover letter presents you with an opportunity to get your ideal business analyst job. It is your opportunity to connect with and capture the recruiters or hiring managers attention, tell your professional story and stand out from the crowd. It may take hard work to create great business analyst cover letter, but it is worth the effort, when you land that great business analyst job while others wonder why they are not as lucky as you.

I wish you success with your business analyst job search.

The scientific management theory was presented by Frederick Taylor. The theory is also known as Taylor system. According to the theory there is one best way to do every task, and that way or method of performing the task is called the scientific method. Organizations strive to achieve maximum efficiency so that more work could be done in lesser time. They come up with different strategies and methods to ensure that but research shows that the scientific management is one of the best ways to achieve your goals.

According to the theory if the right job is given to the right person with the right skill and tool, and the task is being performed in the best way possible then the maximum efficiency can be achieved. There are lots of factors which disturb the work of an individual and keep them away from achieving the maximum productivity. These factors include air pollution, noise pollution, unavailable resources, lack of technical knowledge and skills and other such factors. Organizations have realized the importance of eliminating all the possible factors which create hurdles in performing well.

Organizations have practiced this theory to get successful and the management technique has proved to be helpful. Doesn’t matter if the basic technique is still the same but the organizations are now diverting a little from the theory. As the theory claims that there is one best way to perform the task. Companies determine that one best way of performing a task but with new inventions and technologies being discovered efficiency is increasing day by day and one cannot claim that a single way of performing a task is the only way. The new innovations on daily basis make it difficult to determine a single best way. For example: In past we had Floppies to transfer data from one computer system to another, large data was transferred in packs. After that CD’s came and they allowed people to transfer data much more efficiently and now we have got USB’s to transfer the data and other latest technologies. This gives a clear idea that one single way for any task cannot be determined and there is always room for improvement. It is possible to make the new innovative method the best way to perform a task which takes less time and cost.

Most of the organizations do not know much about scientific management and think that the concept has become obsolete, still they knowingly or unknowingly try to implement scientific management into their organizations.