“With the continuing explosive growth of e-commerce, small- and medium-sized businesses that are able to reap actionable information from a rich online platform are uniquely positioned to compete in the online marketplace,” says Michael Emaus, President and CEO of eEnterprise (www.eEnterprise.com), a global integrator of NetSuite, the world’s leading on-demand, Web-based business management software. “Today, e-commerce demands sophistication, in terms of the online shopping experience, which products are presented to customers, and how sales are tracked.”
According to the U.S. Department of Commerce, e-commerce sales rose to $25.2 billion during the first quarter of 2006, an increase of more than 25 percent over sales during the first quarter of 2005. Adjusted for seasonal variations, the first quarter 2006 growth of e-commerce over fourth quarter 2005 was more than double that of retail sales overall.
“Although online sales currently represent only about three percent of all retail sales, that number is sure to climb,” says Emaus. “It’s crucial that online retailers position themselves to take advantage of this trend. NetSuite business management software integrates a flexible e-commerce platform with the critical, real-time information e-tailers need to make sound decisions.”
With NetSuite, online retailers can easily increase sales by automating up-sell and cross-sell recommendations on the shopping cart page, as well as by allowing customers to purchase and use gift certificates and coupons online. “Because accounting is integrated into NetSuite’s e-commerce solution, a customer can shop with a gift certificate any number of times, until the balance is used,” says Emaus. “An e-tailer can even offer downloads for purchase, using NetSuite’s ability for password protection and license codes.”
Behind the scenes, NetSuite gives a business owner or marketing team real-time, actionable information that they can leverage to increase their exposure to potential customers. “Instead of simply seeing which paid keyword campaigns are driving traffic to the site, an online retailer can see which campaigns are generating the most sales revenue, and make adjustments as necessary,” says Emaus.
The same holds true for inventory management, since NetSuite allows just-in-time restocking by dynamically calculating reorders based on seasonal demand or historical sales data. “Successful e-tailers don’t have inventory sitting around, nor are they caught with an item out of stock,” says Emaus.
He continues, “NetSuite removes the limits imposed by a traditional Web architecture and provides the online retailer with a marketing powerhouse. Small- and medium-sized businesses simply don’t have the resources to support the in-house staff necessary to design and maintain the e-commerce solution that NetSuite provides. Best of all, NetSuite is a Web-based application that can ‘turn on’ fully supported global resources in about five minutes.”
With the growth of online sales clearly outpacing traditional retail sales, NetSuite helps small- and medium-sized businesses level the playing field.
Watch the video related to business management
In order to conduct an effective meeting, a manager should have an agenda, stick to a specific time frame and leave time for questions and answers. Conduct an effective meeting withtips from an administrative trainer in this free video on business management and leadership skills. Expert: Gloria Dixon Campbell Bio: Gloria Dixon Campbell has an executive MBA in management from the University of South Florida, and a BA in Sociology from the University of West Florida. Filmmaker: Christopher Rokosz
Help answer the question about business management
Getting an undergraduate degree in Business Management, what would be a good specialization to choose?My dream is to work as project manager, director or something of that sort for a non-profit organization. Human rights is one of my favorites, but is not just closed to that. Does anyone know what would be a good specialization for a business management degree? Something to specialize in that would help me land a job in that Field? For instance, there is sociology, psychology, biology etc, etc.
Appreciate any answers with some real insight. Thanks.
Honestly, Its everything. So I choose
e. All the above
Although it is predominantly done by the owners or senior management of a business, business management comprises of all the points u had mentioned.
Government or private should not matter. Understand the purpose of this organization and its customer. Understand what this customer needs and considers of value. Help workers understand this and have them do more of what is valuable and less of what is waste.
Hiiiiiii..
I think you have to choose the Marketing section in Human Resource Management(HRM) because in marketing you get the nice job in the good reputed company on a high post..
I am currently doing this type of degree, though I heard salary isn’t much.
I enjoyed this alot!!!! I just got my bachelors but there is still lots I need to learn
All business associate degree will give you a foundation in business management including accounting, marketing, sales economics etc…
When you pick a focus like marketing, human resources etc… you will then take 3-5 courses that go deeper into that concentration.
A business management concentration will go deeper into managing people (HR), processes (IT, operations), money (finance/accounting) ..All the knowledge one would need to Supervise and manage a business as a whole.
A marketing management concentrartion will go deeper into educating tthe public about a company's products and persuading them to buy those products. You will learn more about sales, advertising, public relations, consumer behavior and media.
In terms of business administration, there isn't really that much of a difference. A hotel is a company selling a product. Big chain hotels function as multinational companies just like any other.
Hotels as companies follow the same business laws but have some specific industry laws (reimbursement, accounting, VAT breakdown, insurance, etc.) However, every sector has its specific laws.
The main difference is that a hotel sells services to clients that come into the hotel to consume the product (roomnight, seminar, dinner, etc). A "non service" company will sell a product to a customer who will take the product somewhere else to consume (car, washing machine, etc.). So the selling/marketing process works differently. But that doesn't concern management that much.
In order to build on your hotel experience you should try a school that has less marketing and more human resources and accounting studies. Most of the good hotel managers I know, have been front office or revenue managers (former sales managers have the people skills but not always the operations experience). But that's only my own experience.
If, on the other hand, you want to leave hotel business completely, than you should try a sales orientation. If there is one thing you learn in hotels, it's dealing with people. So there you could try marketing, sales, PR studies and get your foot into business through customer service/care.
I hope I answered some bits
If you love apples… scream Aye!
Aye!
I have a Business Management degree and have worked at a non-profit. My choices were not as broad as yours, but here is what I did. I choose general management. Choices were supply chain, general, finance and one other that I can't remember. I went back later on and got a second degree in marketing. Marketing really helped me because all business basics are covered but marketing is always necessary in whatever you do. You have to be able to keep your client happy, you have to be able to attract them into doing business with you. My second degree has actually been favorably looked upon. Maybe you can try something like that.
thank u
As to whether it is necessary to have the degree, the answer is no. The only time it is truly necessary to have a degree is when you wish to be hired by an existing company that requires a degree, or when you wish to be credentialed for for some practice that requires a degree, such as medicine or engineering.
The things you should get from the degree include business computing skills, business communication, a bit of human resources, possibly a good internship, and maybe some other things like marketing and job seeking skills. I would get ahold of their catalog and read the course description for every course in the curriculum. If the descriptions sound like things that could be useful to you then you might give it a shot.
Alternatively, you might just take only the classes you're most interested in. It's likely that the community college offers a one year certificate with many of the same courses, so you might think of doing that instead.
I will offer one caveat – what if your plan doesn't work out and you decide you'd be better off with a bachelors or masters degree, like an MBA or MBF? The problem with the degree you're considering is that it is probably not a good choice should you decide to try to transfer. If you think you may eventually be interested in a four year degree or beyond, you might look into your community college's general studies curriculum. Also, check out to see whether this college has a career center. Those folks should be able to help you out. If not, speak to an advisor from the business program.
Good luck!
i like fast company
Yep, most degrees are NOT confined to just one area of careers. With that business degree and depending on the school system, you might be able to teach in some of their schools.