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    Descriptors, Indicators and Knowledge
    Applied research is based on the following hierarchy of information (with knowledge the goal):A descriptor is simply a descriptive statistic of one sort or another. This many students or this much money, are both common descriptors and your lowest level of data.Alternatively an indicator is a calculated statistic with an implied value. An example of this would be the money spent on post-secondary education divided by the number of students. This ratio has the implicit message that how much money spent per student is important.Descriptors have a face value that is incontrovertible. The square footage devoted to bathrooms in museums may not be widely useful but it is a real statistic.Indicators on the other hand can be developed that produce meaningless statistics. An example of this could be the school instructional budgets over the square footage of school bathrooms. There is no reason why the two should be connected. However the ratio of janitorial costs to operating budgets or the ratio of sanitary facility expenditures to overall capital budgets may have some uses.Thus an indicator is a calculated statistic based on two or more descriptive statistics. Additionally, to have meaning the statistic must be created with a purpose in mind.Indicators should if possible be unambiguous as to what is desired. Is a low pupil/teacher ratio a sign of inefficiency or quality instruction?A final step is determined by W.E. Deming who defined the difference between information and knowledge as the addition of the element of time. Thus if you can examine the created indicator over time then you can begin to make some inferences how a system is behaving both good and bad.The extension of information into knowledge is also accomplished with the addition of spatial elements (e.g., is this region doing better than that region).At the end of the day you know that one region is doing better or that your profits by a certain sector have declined over time. The next question (and step) is "Why?".
    mation to feel comfortable making business decisions. However, people in high-context cultures do not usually rely upon a lot of research data or in-depth background information when making business decisions, but rather glean information from their many close relationships within their extensive networks of family, friends, colleagues and clients.

    Americans (low-context) tend to be very direct in their style of communication. Americans generally say exactly what they mean, and try to be very clear and concise. In their desire to save time and clarify points, Americans may try to bring someone with an indirect style back to the point and clarify it frequently to stay focused. Emotion rarely comes into play overtly when Americans conduct business transactions, because they feel that business should be a factual exchange. Many high-context cultures dislike this American style of “straight” conversation, and Americans frequently miss the subtleties that exist in high-context cultures.

    IN

    Ten Easy Ways To Discount And Lose Money
    Many business owners end up passing on discounts to their customers without intending to. Are you guilty of any of these profit-reducing practices?1. Forgetting to explain your terms of business before starting workIf you do not explain your terms from the outset you leave yourself open to misunderstandings. If your terms of business are payment within 7 days then it is better to find out before you start that the client has no intention of doing that -- especially if you need the cash flow and you have not made provision for the extra interest you will have to pay on your bank loans, or worse.2. Wholesale your timeWe all of us have only 24 hours in a day, seven days in a week -- we can not manufacture more time -- so be careful when a client asks you to wholesale your time. Consider the extra costs of being 'out of the market' for a while, and when the contract expires will you have a lag time before you pick up more business?3. Omitting to have a price policy in place, or do not stick to it if you doImagine you are a river-raft operator and there are only a limited number of times you can go out a year. It costs you the same amount to take one person as it does a full raft. Three people book then show up with a friend -- they argue that all four should go for the price of three because your costs have not increased. You agree with them but then what do you do next week when word has spread and only one person books, but three turn up? And what happens when you fill your raft with non-paying passengers, and just as you are about to leave, a carload of customers appears, waving their credit cards at you?4. Make spur-of-the-moment guesses instead of pricing things properlyThis is a terrific way to lose money fast! If you are keen to get the business and you are an optimist it is very easy to underestimate costs. Do not be hurried into guesstimating or you will end up paying the price!5. Work for friends at "mates' rates"A lot of small business operators go slowly broke working for friends. Think about the concept of "mates' rates" -- is that really what a good mate asks of you? Surely a good friend would appreciate your value and be willing to respect that in the customary way?6. Do not have any convincing sales reasons for not discountingYour customer may just be asking for a discount out of habit, or curiosity. Be prepared in advance. Is your quality so good, and demand so great, you do not need to discount? What else can you negotiate -- perhaps a lon
    Culture

    Cultures differ in how they communicate, how they use their time, and how they view themselves in terms of empowerment and decision making. These differences are likely to become apparent in business sessions with people from other countries. There has been considerable research done by anthropologists, psychologists and businesspeople on what these differences are and how we can learn to work effectively within other cultures, as will be described in this chapter. The main variables we will discuss are selected from the research of Edward Hall, Florence Kluckhohn, F.L. Strodtbeck, and Geert Hofestede.

    Many business people are not prepared for some of the basic differences that they will experience when working with other cultures. Both businesswomen and businessmen will experience many culturally differing styles, mannerisms, and behaviors, and women in particular frequently find themselves wondering whether certain behaviors they are observing are culturally related or are related specifically to their gender. It is important to understand that these differences do exist, to learn to identify these differences, and to develop strategies to cope with them. There are many dimensions of cultural differences, and many which are unique to each country. This chapter will summarize some of the more common cultural differences that you may encounter in business, including variations in:

    • Communication (high and low context)
    • Use of time (polychronic and monochronic)
    • Space (personal and physical)
    • Environment (locus of control)
    • View of time (past, present, future)
    • Activity (being or doing)
    • Power distance (hierarchy)
    • Individualism and collectivism (group orientation or individual orientation)

    High-Context and Low-Context Communication
    Asians are very aware of slights to self image or status and are careful not to slight others. If an Asian “loses face,” which is equivalent to being socially discredited, he or she can no longer function effectively in the community. The reputation of a company or country is similarly affected. Accordingly, Asians will go to considerable lengths to avoid harming the reputations of their coworkers and countrymen. It is therefore important for Westerners to avoid criticism or ridicule, even if it may seem warranted. It usually makes the situation worse, since the criticized party may even seek revenge. While the revenge may be verbal, it can also be more concrete and damaging to you and your enterprise. Be careful to exercise diplomacy in any situation where criticism, discipline, differences of opinion, or anger is involved. (Palo Alto, California) (-- from Asia for Women on Business)

    I was in Germany on business, and after dinner one evening I wandered into an art gallery and spotted a very interesting painting. I asked the woman working there how much the piece cost, and she gave me a price. I looked at a few more works and asked her for several more prices, which she gave me. After strolling around the gallery, I went back to her and told her I would take the first painting I had inquired about. She said, “Oh, that one is sold.” Surprised, I pointed to my second choice, then my third choice, and she responded that they too were sold. Confused, I finally asked “Which paintings are not sold?” and she replied, “Oh, just that one there.” I asked her why she didn’t tell me that at the beginning. She looked surprised and said, “Well, you didn’t ask.” (Newark, New Jersey)

    Cultures, as described by Hall, vary in their use of contextual information. In “low-context” cultures – such as the United States – people are relatively direct and explicit in their communications and social interactions, and they tend to conceive of life in a segmented, compartmentalized manner. In contrast, in “high-context” cultures – such as Japan – people interact in more covert and implicit manners.

    More specifically, people in low-context societies usually require explicit information to feel comfortable making business decisions. However, people in high-context cultures do not usually rely upon a lot of research data or in-depth background information when making business decisions, but rather glean information from their many close relationships within their extensive networks of family, friends, colleagues and clients.

    Americans (low-context) tend to be very direct in their style of communication. Americans generally say exactly what they mean, and try to be very clear and concise. In their desire to save time and clarify points, Americans may try to bring someone with an indirect style back to the point and clarify it frequently to stay focused. Emotion rarely comes into play overtly when Americans conduct business transactions, because they feel that business should be a factual exchange. Many high-context cultures dislike this American style of “straight” conversation, and Americans frequently miss the subtleties that exist in high-context cultures.

    INS

    Ongoing Training Issues in Franchising Companies Addressed
    In a franchise in Company, training never stops. There is the initial training, training the trainers and constant ongoing training. This must be done to ensure consistency, quality control and customer service.Stands ongoing training never stops in franchise companies, I decided to add an additional clause in our franchising agreements to address this issue. Below is a copy of what I came up with for my franchising company;4.3 On-Going TrainingFranchisee will be responsible for all travel, food, lodging and other charges and expenses incurred by Franchisee, its trainees and its employees in connection with attendance at the training specified below, including any registration fee that may be charged by the Franchisor.4.3.1 Specific TrainingFranchisor may provide training on specific, job-related issues for technicians, administrative staff, operations managers and sales and marketing personnel on an ongoing basis as Franchisor deems appropriate. Ongoing training classes will typically be one (1) or two (2) calendar day sessions. Attendance requirements will be determined by the content of the class.---- ---- ---- ----Every franchising company would be well advised to address specific training, initial training and ongoing training in their actual franchise agreements. This way every franchise owner and outlet knows in advance the requirements for training. Franchising companies should consult their franchise attorney to make sure they are protected in the franchise agreement to compel franchisees to participate in ongoing training. Consider this in 2006.
    lated specifically to their gender. It is important to understand that these differences do exist, to learn to identify these differences, and to develop strategies to cope with them. There are many dimensions of cultural differences, and many which are unique to each country. This chapter will summarize some of the more common cultural differences that you may encounter in business, including variations in:

    • Communication (high and low context)
    • Use of time (polychronic and monochronic)
    • Space (personal and physical)
    • Environment (locus of control)
    • View of time (past, present, future)
    • Activity (being or doing)
    • Power distance (hierarchy)
    • Individualism and collectivism (group orientation or individual orientation)

    High-Context and Low-Context Communication
    Asians are very aware of slights to self image or status and are careful not to slight others. If an Asian “loses face,” which is equivalent to being socially discredited, he or she can no longer function effectively in the community. The reputation of a company or country is similarly affected. Accordingly, Asians will go to considerable lengths to avoid harming the reputations of their coworkers and countrymen. It is therefore important for Westerners to avoid criticism or ridicule, even if it may seem warranted. It usually makes the situation worse, since the criticized party may even seek revenge. While the revenge may be verbal, it can also be more concrete and damaging to you and your enterprise. Be careful to exercise diplomacy in any situation where criticism, discipline, differences of opinion, or anger is involved. (Palo Alto, California) (-- from Asia for Women on Business)

    I was in Germany on business, and after dinner one evening I wandered into an art gallery and spotted a very interesting painting. I asked the woman working there how much the piece cost, and she gave me a price. I looked at a few more works and asked her for several more prices, which she gave me. After strolling around the gallery, I went back to her and told her I would take the first painting I had inquired about. She said, “Oh, that one is sold.” Surprised, I pointed to my second choice, then my third choice, and she responded that they too were sold. Confused, I finally asked “Which paintings are not sold?” and she replied, “Oh, just that one there.” I asked her why she didn’t tell me that at the beginning. She looked surprised and said, “Well, you didn’t ask.” (Newark, New Jersey)

    Cultures, as described by Hall, vary in their use of contextual information. In “low-context” cultures – such as the United States – people are relatively direct and explicit in their communications and social interactions, and they tend to conceive of life in a segmented, compartmentalized manner. In contrast, in “high-context” cultures – such as Japan – people interact in more covert and implicit manners.

    More specifically, people in low-context societies usually require explicit information to feel comfortable making business decisions. However, people in high-context cultures do not usually rely upon a lot of research data or in-depth background information when making business decisions, but rather glean information from their many close relationships within their extensive networks of family, friends, colleagues and clients.

    Americans (low-context) tend to be very direct in their style of communication. Americans generally say exactly what they mean, and try to be very clear and concise. In their desire to save time and clarify points, Americans may try to bring someone with an indirect style back to the point and clarify it frequently to stay focused. Emotion rarely comes into play overtly when Americans conduct business transactions, because they feel that business should be a factual exchange. Many high-context cultures dislike this American style of “straight” conversation, and Americans frequently miss the subtleties that exist in high-context cultures.

    IN

    Starting a New Business: Do's and Don'ts to Assure Your Success
    Let's start with the good news. You've no doubt heard the statistics: that 9 out of 10 new businesses fail. Well, it turns out that census data show that about 65% of new businesses were still in operation after 4 years. As we dig a little bit deeper, though, the news is more sobering for solo entrepreneurs: Successful businesses tended to be employer firms rather than solo enterprises. And several studies don't even take into account sole proprietorships. A look at the factors contributing to success or failure in these studies, though, can still offer valuable lessons to those determined to succeed.Here are a few do's and don'ts:Do your homework before opening your new business. The most common reason for failure cited in recent studies was "outside business conditions" having to do with increased costs (such as rent and insurance)and new competition. You should study the existing and potential competition and factor in increases in fixed costs as you determine whether you have the capital you need to get started. If you're already in business, you can still do this research and incorporate the results into your planning. Go to the library and read up the specific costs and hazards associated with your industry. Get training or work in a successful business that is already doing what you plan to do so you can see from the inside how common problems are resolved and success is achieved.Do eliminate or reduce existing debt as much as possible and clean up your credit reports before you open your doors for business. A 1998 study showed that difficulties obtaining financing and excessive debt were the second leading cause of business failures. Businesses started with at least $50,000 in capital had the best chance of success. This doesn't have to be your own personal capital, of course; but if you don't have it, you need to be in a position to borrow it, and that's difficult to do if you already have high levels of debt when you get started. Before applying for funding, be sure to get your credit reports, which you can do easily and cheaply at MyFico.com. The site has terrific tools you can use to get errors corrected. If your credit is poor, there are services, such as those offered through Eventis that will help you repair it (see our website).Don't start a business as a sole proprietor or general partnership. You absolutely must put into place a separate legal entity, such as a corporation or limited liability company (LLC)to operate your business.
    can no longer function effectively in the community. The reputation of a company or country is similarly affected. Accordingly, Asians will go to considerable lengths to avoid harming the reputations of their coworkers and countrymen. It is therefore important for Westerners to avoid criticism or ridicule, even if it may seem warranted. It usually makes the situation worse, since the criticized party may even seek revenge. While the revenge may be verbal, it can also be more concrete and damaging to you and your enterprise. Be careful to exercise diplomacy in any situation where criticism, discipline, differences of opinion, or anger is involved. (Palo Alto, California) (-- from Asia for Women on Business)

    I was in Germany on business, and after dinner one evening I wandered into an art gallery and spotted a very interesting painting. I asked the woman working there how much the piece cost, and she gave me a price. I looked at a few more works and asked her for several more prices, which she gave me. After strolling around the gallery, I went back to her and told her I would take the first painting I had inquired about. She said, “Oh, that one is sold.” Surprised, I pointed to my second choice, then my third choice, and she responded that they too were sold. Confused, I finally asked “Which paintings are not sold?” and she replied, “Oh, just that one there.” I asked her why she didn’t tell me that at the beginning. She looked surprised and said, “Well, you didn’t ask.” (Newark, New Jersey)

    Cultures, as described by Hall, vary in their use of contextual information. In “low-context” cultures – such as the United States – people are relatively direct and explicit in their communications and social interactions, and they tend to conceive of life in a segmented, compartmentalized manner. In contrast, in “high-context” cultures – such as Japan – people interact in more covert and implicit manners.

    More specifically, people in low-context societies usually require explicit information to feel comfortable making business decisions. However, people in high-context cultures do not usually rely upon a lot of research data or in-depth background information when making business decisions, but rather glean information from their many close relationships within their extensive networks of family, friends, colleagues and clients.

    Americans (low-context) tend to be very direct in their style of communication. Americans generally say exactly what they mean, and try to be very clear and concise. In their desire to save time and clarify points, Americans may try to bring someone with an indirect style back to the point and clarify it frequently to stay focused. Emotion rarely comes into play overtly when Americans conduct business transactions, because they feel that business should be a factual exchange. Many high-context cultures dislike this American style of “straight” conversation, and Americans frequently miss the subtleties that exist in high-context cultures.

    IN

    How to Run a Sales Blitz
    Despite the growing disdain for walk-in-the-door cold calling, there are plenty of high activity sales companies (even industries) that conduct sales blitzes to generate a wave of fresh leads for their new business developers.Read on for some great best practices to make them successful.Teams. I've always had good luck bringing approximately 8-10 people in for a sales blitz focused on one individual's sales territory. The 8-10 are paired up into teams (usually a senior sales professional with a newer one), and at the kick-off meeting early in the morning we announce the teams and they give themselves a fun name. Each team gets a binder with the next two helpful aids.Maps & Lists. Each team receives a map of their sales blitz area. Sure, they may know the area, but you want to avoid overlap as much as possible. The teams also receive hard copy lists of existing customers, so no calls are made on them. And each of the other teams' pairing and cell phone numbers are included.Goals & Tracking. Each team also commits to a minimum number of calls, good leads, and hot leads. Since the meeting ends at 7:45 am and the recap meeting is held at 4:30 pm, a good number of calls for my industries has always been around 50. Some kill that number, some miss it by a bit. Depending on your industry, your numbers may be well off this mark. As for tracking, each team fills out a lead sheet for every company they call on, even the poor leads, so a history can be generated in the host rep's database.Check-in Phone Calls. The fun comes when teams check in to find out how the other teams are doing in terms of number of calls and, most importantly, one-call closes. As the day progresses, they start calling each other directly. This is where the competitive side of your salespeople starts making things interesting.Recap Meeting. You've got to have a recap meeting. Each time has to be held accountable for their efforts for the day. They should report their number of total calls, hot leads, good leads, and a couple highlights of the day. We have also given each participant a token of our appreciation for participating, and the winning team (most calls or most sales generated from one-call closes) wins a prize.Sales blitzes are a fun way to pair sales professionals who generally go it alone while generating leads for their colleagues. Good luck with yours.For a free tool to assist in tracking the leads generated in sales blitzes, Proven Methods of Marketing Your Business
    One invariable priority in your everyday business should be marketing. Your consistency in advertising and promoting your product and/or service spells the difference between progress and downfall. Small business owners should have the flexibility to perform the role of different organizational positions such as being the manager, employee, receptionist, telephone operator, event planner, and even the janitor.One of the most common mistakes of business owners is that they busy themselves with all the myriad small roles to the point they miss the big picture. And that is, to lead the business to the right path making certain that the company increases profits as it ages and not the other way around.Aside from building brand awareness, constant marketing and promotion entail doing the following:• Retaining the support of clients patronizing your business. • Updating customers on new products and/or services or their enhancements. • Exerting influence on prospects and turning them into avid clients. • Keeping up with the industry. • Establishing your business’s vision. • Certifying professionalism and competency.Your marketing efforts play a vital role in keeping the business healthy. At least 4 hours per day should be allotted to it. There are almost as many opinions on marketing as there are companies to market to, and ideas differ from person to person as to the most effective methods and strategies.Below are proven methods you could use to market your business:1) Web Site. Being online can change the direction of any businesses. Capturing leads are made easier and can be generated through opt-in e-mail, newsletter inserts, and text link advertising and/or other forms of pay-per-click marketing. With the internet, the possibilities are limitless and your audience could be anybody in the world who has access to the Net2) Direct Mail/ Postcard. Buy or rent a mailing list from a reputable supplier. The points to remember in designing and creating content are (a) make it eye-catching; (b) make your message clear, comprehensive and believable; and (c) there must be a call to take action.3) Give Aways. This may be in the form of pamphlets, flyers, brochures, etc. Like direct mail, many people junk whatever is unsolicited but you could also apply the pointers above to get your hand-outs read.4) Open House. Have a regular event where you could showcase your products and/or services. Also provide an informative seminar which may highlight the benefits of acquiring your products a
    mation to feel comfortable making business decisions. However, people in high-context cultures do not usually rely upon a lot of research data or in-depth background information when making business decisions, but rather glean information from their many close relationships within their extensive networks of family, friends, colleagues and clients.

    Americans (low-context) tend to be very direct in their style of communication. Americans generally say exactly what they mean, and try to be very clear and concise. In their desire to save time and clarify points, Americans may try to bring someone with an indirect style back to the point and clarify it frequently to stay focused. Emotion rarely comes into play overtly when Americans conduct business transactions, because they feel that business should be a factual exchange. Many high-context cultures dislike this American style of “straight” conversation, and Americans frequently miss the subtleties that exist in high-context cultures.

    INSERT FIGURE 4 COMMUNICATION
    Tips for conducting business in high-context cultures:
    • The U.S. and much of Europe are viewed as low-context cultures. These cultures place a higher value on verbal messages than do the high-context cultures in Asia and parts of Latin America, who view words as tools not to persuade, but rather harmonize. Be sensitive to subtle cues and do not assume that information will be directly verbalized.
    • In a high-context culture, preserving harmony is very important. When conducting business, a Japanese or Latin American businessman may not say “no” or express disagreement overtly. Therefore you need to understand how the culture you are working with expresses disagreement so you can identify it. In many cases, disagreement will be implied when your foreign associate asks another question or uses an expression such as, “This is a difficult question to answer.”
    • Low-context cultures may view the communication style of high-context cultures as a waste of time. Conversely, high-context cultures may find the low-context style of communication insensitive and rude. Be aware of how you come across and adjust your style if necessary.

    Polychronic Time versus Monochronic Time
    I had to enter late for my first business meeting in Milan, Italy, but my colleagues were aware of this and told me to drop in whenever I arrived. As I walked closer to the meeting room, I heard raised voices all talking over each other. I peeked in to see if I had the right meeting, and I saw what “polychronic” really means. Some of the Italian men were pacing the floor with cigarettes hanging out of their mouths; others were scribbling on the whiteboards and making wild gestures; they were talking over each other in multiple conversations in English and Italian at the same time; all the while espresso was percolating and being passed around. Finally someone noticed me, handed me a marker, pointed at the whiteboard, and said “Well, what are you waiting for? What do you think?!” (Dallas, Texas) (– from Europe for Women in Business)

    The way people view time also varies in different cultures, as observed and described by researcher Hall. Monochronic time cultures, such as those of the United States and most Northern European countries, emphasize schedules, a precise reckoning of time, and promptness. Time is viewed as a discrete commodity. People in these cultures do one thing after another, finishing each activity before starting the next.

    On the other hand, in polychronic cultures, such as those in Latin America and the Middle East, people tend to do more than one thing concurrently (or intermittently during a time period) and to emphasize the number of completed transactions and the number of people involved, rather than the adherence to a time schedule. Being on time is less important in polychronic cultures than in monochronic cultures.

    Americans (monochronic) tend to think of time as something fixed in nature, which cannot be escaped. We tend to view activities and time in discreet segments or compartments, which are to be dealt with one at a time. It is not logical to have two activities going on at the same time. Americans are often frustrated when working with people from polychronic cultures who view time as something fluid, and who easily alter schedules to shifting priorities. In these situations meetings will start late, outside issues may interrupt business transactions, multiple activities may be scheduled at the same time, and adherence to deadlines may depend on the strength of the relationship.

    INSERT FIGURE 5 Monochronic/Polychronic Views of Time

    • Plan to spend a few extra days in the country you’re visiting, being aware that meetings likely won’t run on the schedule you’re used to. This way you won’t feel frustrated or pressured if the meetings extend overtime.

    • Be on time for meetings even if you don’t expect them to start on time. This shows respect for your business associates.

    • Expect me

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