Monday, January 19, 2015

International Business: Absolute Advantage


Absolute Advantage: The ability of a country, individual, company or region to produce a good or a service at a lower cost per unit than the cost at which any other entity produces that good or service using a smaller number of inputs or using a more efficient process than other party producing the same product or service.



 Why Absolute Advantage?

In general, owning to their geographic location and natural resources, some countries possess what is described as an absolute advantage. This describes a condition in which the country can produce exclusively, or non-exclusively but more cheaply than others, and therefore possesses an absolute marketing advantage for that product. Although the former rarely exist, there are instances in which natural resources are so concentrated in one or a few countries that companies in those countries possess immense advantage in the marketplace. The production in diamonds in South Africa and tin in Bolivia are prime examples. The latter condition is more common, namely that there are cost advantages to foreign production that confer marketplace advantage. The lower labor costs of Japan in the manufacture of automobiles and lower costs per ton in steel production in Korea give the Japanese automobile companies and the Korean steel companies a strategic advantage in the marketplace. The amount of this production exceeds the ability of the local economy to absorb the units produced, and the excess production is exported to foreign markets. Thus even the little regional steel center in the U.S. heartland may find itself competing against a gigantic Korean steel mill.

Saturday, January 10, 2015

Get paid online with Payoneer!

One of the biggest obstacles of being a freelancer working outside the US is off course the inability to use PayPal effectively. This is off course the method most used by companies to pay freelancers working from home, online.

To bypass these restrictions there are only a few methods that really work.

This time we are going to talk about Payoneer. And their Payoneer MasterCard debit card.

A great solution through which you can get paid working line with no hassle, and plus you get 25 USD by signing up with our referral links.


Let’s get started point by point the way in which this can be done.





What is the Payoneer MasterCard Debit Card?



Payoneer MasterCard Debit Card



Payoneer are true ‘pioneers’ in the Payoneer global payment processor sector and there isn’t an easy comparison to be made between Payoneer and other services like it.


What is Payoneer?



Payoneer is a global payment processor similar to PayPal which promises a safe and affordable online payment solution  for international freelancers, affiliate marketers, and others who make money online and need to get paid in their home country.


The Payoneer prepaid MasterCard works like any other re-loadable MasterCard prepaid debit card that you can get at your local bank branch, though it isn't a typical local debit card account.


What do you get with the Payoneer MasterCard debit card?



  1. A physical MasterCard prepaid debit card.
  2. An online account linked to your MasterCard card which you can use to view your balance and transaction history, as well as manage your account and personal details.


How can you use it?



  • You can receive credit/debit card payments from anyone with Visa or MasterCard, from anywhere in the world. This service comes with a small processing fee per payment, and the maximum amount you can receive from a single credit card payment is $1000.


  • You can receive Direct Deposit payments from US-based companies such as Amazon and PayPal through Payoneer’s US Payment Service. The transaction fee for using the US Payment Service is 1% of the total amount transferred. You’ll then get paid directly onto your card, rather than having to wait for an international check and paying exorbitant clearing fees on your earnings.


  • You can receive online payments in USD from Payoneer-approved partners (for example: Elance, Fiverr, MediaWhiz, Media Shakers, and dozens more). Receiving payments this way is free for most partners and takes two days to load, although you can also pay an extra $2.50 if you need the cash within 1-2 hours of requesting it.


  • You can pay for goods and services online as well as in brick-and-mortar stores. It has the convenience of a credit card for online payments, with the beauty of a prepaid debit card since you cannot spend more money than you have in your account - i.e. you can't get into debt! There is no extra charge added to your purchases when you use the Payoneer card directly at a point-of-sale machine.


  • You can withdraw cash in your local currency from any ATM with the MasterCard logo visible on it somewhere – there are more than 1 million of these ATMs worldwide. The fee for a standard ATM cash withdrawal is around $3. This fee might sting a bit, but it helps me keep disciplined with my spending habits so I don't mind it too much.


If you don’t already have an account with one of Payoneer’s partners, you will want to sign up for your Payoneer card directly from the Payoneer website. The yearly card fee is $29.95, which is deducted from your balance automatically so you don’t have to worry about renewing it. There are no monthly maintenance fees when you sign up for your card via Payoneer's website.


Here's how to get your own Payoneer card + $25 bonus



Payoneer is running a special ‘Refer-A-Friend’ promotion for a limited time, meaning that if you sign up through an existing cardholder’s referral link now (like this one) you get $25 added to your Payoneer account when you have transferred over $100 in earnings or deposits to your card.


Deposits that qualify towards the $25 bonus include loads from your PayPal account to your Payoneer card using the US Payment Service, as well as from any other company on the US Payment Service Whitelist.


Applying for your card is quick, easy, and you don’t even need an existing bank account. Once you sign up online with Payoneer, your card is shipped to you at no charge.





If you have any questions, just write me a comment bellow.

Friday, February 7, 2014

Time Management - Consolidate And Manage Your Time

Let us expand the idea of consolidating time. We will call this the chunk concept. Most important tasks require, for minimum effectiveness, a fairly large period of time. To spend less than this minimum in one stretch is a sheer waste. Nothing is accomplished, you simply start all over again. Therefore you must ask yourself, what are really important activities for which you need chunks of time, and how large should these chunks be?

One key to time management and performance success is to determine which "to do's" are priorities, and then address them in that order. You should always attend to the things that are most urgent and important. Steven Covey reminds us that "you should spend as much time as possible doing important things that aren't urgent." That is, do not forget to invest your time wisely by always working on important things that have the highest payoff in terms of results, rather than unimportant things. 



Here are some tips on managing time:

1. Make a plan for the day
2. Set deadlines, if these are not met you know your time is slipping away.
3. Set aside some time each day, if possible, for thinking and creating. The morning is usually the best.
4. Concentrate on doing one thing at a time. (Chunks)
5. Start first with the task that is preying on your mind, then strike a balance between important jobs and necessary jobs.
6. Take a five- or ten-minute break every two hours. Relax your muscles and mind, and then take up some other activity.


We very often hear, "I don't have time to plan, I'm too busy." On the surface, this may be a legitimate comment, but we ask the question, "can you afford not to find the time to plan?" Let us explore this area a bit more. What are your barriers to time? Why can you find so little time to plan?

After you have completed a list of your time wasters, make a list of the ways in which a manager can find time to plan.



Friday, January 3, 2014

Time management - Using time better (Record Your Time)

We are poorly equipped to manage our time. We lack a reliable time sense. The principle involved here is our inability to judge time, especially after the fact. What then is the answer to this dilemma? There are two steps to better time utilization.

1. Record time

2. Consolidate and manage time.


RECORD YOUR TIME



Let us first discuss recording time. The only way to manage your time is to first find out where it is going, how you spend it. That means taking inventory of your time. Below the text is a time sheet arranged in the form of a diary. It represents the other assignment we mentioned earlier in this chapter. Reproduce this sheet in your office or elsewhere and start keeping a time record for two weeks. With this information you can analyze where your time goes. Even if you keep a record for a few days, it will prove very helpful and you will undoubtedly be surprised.

                                                                 The Time Log



List date and goals for day in terms of results, not activities. Record all significant sets in terms of results during each 15-20 minutes period. Do not wait until the end of the day, when any major benefit is lost.

The next step is to pinpoint wasted time from your inventory. Here are some test questions to ask of all activities:

What would happen if this were not done at all?

Which of  these activities could be done just as well, if not better, by somebody else?

Is the pattern of continuous time spent on one activity dribs and drabs or chunks?

Most of us must accept that a large part of our time must be wasted on things that apparently must be done but that contribute little or nothing. Anything we can do to convert even some of this nonproductive time pays off.





Wednesday, June 15, 2011

Psychological distortion mechanisms

People may also have personal mechanisms that interfere with successful communication. These personal distortion mechanisms include inattention, early evaluation, and lack of a common vocabulary.

Many psychological phenomena can interfere with effective communication. Psychologists have identified defensive reactions that operate in everyone without the individual being conscious of their operation. Any communication from either a senior or a subordinate that is considered threatening can evoke a defensive reaction. These defensive reactions create difficulties for good communication in both senders and receivers. Senders of threatening messages cause the defensive reactions to come into play and interfere with communication. Receivers, reacting to threatening messages, will react in a defensive manner and pass bad information via feedback loop to the sender.

Psychological distortion mechanisms are psychological processes that operate to distort interpersonal communications. Either the receiver or the sender can be affected by these processes. Two of the best known are rationalization and denial. Rationalization is the self-justification of a specific message interpretation. Denial is the lack of recognition of a message's meaning.

Tips on how to improve your interpersonal skills

Don’t discount the importance of interpersonal skills in the workplace. How you are perceived by your manager and coworkers plays a large role in things as minor as your day-to-day happiness at the office and as major as the future of your career.

No matter how hard you work or how many brilliant ideas you may have, if you can’t connect with the people who work around you, your professional life will suffer. The good news is that there are several concrete things that you can do to improve your social skills and become closer to your colleagues. All of these tools will ultimately help you succeed in today’s working world.


Smile. Few people want to be around someone who is always down in the dumps. Do your best to be friendly and upbeat with your coworkers. Maintain a positive, cheerful attitude about work and about life. Smile often. The positive energy you radiate will draw others to you. 

Be appreciative. Find one positive thing about everyone you work with and let them hear it. Be generous with praise and kind words of encouragement. Say thank you when someone helps you. Make colleagues feel welcome when they call or stop by your office. If you let others know that they are appreciated, they’ll want to give you their best. 

Pay attention to others. Observe what’s going on in other people’s lives. Acknowledge their happy milestones, and express concern and sympathy for difficult situations such as an illness or death. Make eye contact and address people by their first names. Ask others for their opinions. 

Practice active listening. To actively listen is to demonstrate that you intend to hear and understand another’s point of view. It means restating, in your own words, what the other person has said. In this way, you know that you understood their meaning and they know that your responses are more than lip service. Your coworkers will appreciate knowing that you really do listen to what they have to say. 

Bring people together. Create an environment that encourages others to work together. Treat everyone equally, and don't play favorites. Avoid talking about others behind their backs. Follow up on other people's suggestions or requests. When you make a statement or announcement, check to see that you have been understood. If folks see you as someone solid and fair, they will grow to trust you. 

Resolve conflicts. Take a step beyond simply bringing people together, and become someone who resolves conflicts when they arise. Learn how to be an effective mediator. If coworkers bicker over personal or professional disagreements, arrange to sit down with both parties and help sort out their differences. By taking on such a leadership role, you will garner respect and admiration from those around you. 

Communicate clearly. Pay close attention to both what you say and how you say it. A clear and effective communicator avoids misunderstandings with coworkers, collegues, and associates. Verbal eloquence projects an image of intelligence and maturity, no matter what your age. If you tend to blurt out anything that comes to mind, people won’t put much weight on your words or opinions. 

Humor them. Don’t be afraid to be funny or clever. Most people are drawn to a person that can make them laugh. Use your sense of humor as an effective tool to lower barriers and gain people’s affection. 

See it from their side. Empathy means being able to put yourself in someone else’s shoes and understand how they feel. Try to view situations and responses from another person’s perspective. This can be accomplished through staying in touch with your own emotions; those who are cut off from their own feelings are often unable to empathize with others. 

Don't complain. There is nothing worse than a chronic complainer or whiner. If you simply have to vent about something, save it for your diary. If you must verbalize your grievances, vent to your personal friends and family, and keep it short. Spare those around you, or else you’ll get a bad reputation. 

Monday, June 6, 2011

Qualities of good business communication skills

Your customers will look forward to getting their haircuts in your shop.

Communication is an important soft skill for managers and employees to use when working in the business world. While many individuals have the technical knowledge for the business environment, communication skills are usually not be a strong trait for many people. Proper training and understanding of business communication methods and styles can help these individuals improve their written and verbal communication skills. Companies often spend significant amounts of time training and education managers and employees on using quality communication skills with fellow employees in the workplace.

Understanding the Audience

An important part of quality business communication is understanding the audience listening to the communication. Knowing the audience helps the speaker develop his message with the appropriate level of technical and non-technical language. Speakers must know the education level or current training of the individuals in the audience to properly tailor the information for the audience. The age group of the audience is also important for quality communication; younger workers may be more advanced in their understanding of computer programs or software, while older workers may need a little more information on these topics.

Communication Method

Today's business world offers individuals a variety of communication methods. Email, texts, memos, telephones, videoconferencing or other messaging methods are common forms of business communication. Speakers and communicators must understand the best way to reach their audience with the least amount of filtering or confusion. Written communication forms, such as emails, texts or traditional business memos, can create unnecessary confusion for the receiver. Creating unnecessary or excessive confusion for the receiver can lengthen the time for individuals to read, comprehend and act on the message delivered by the sender.

Breaking Through Barriers

Another important skill of quality business communication is understanding what barriers exist in the communication process. Common communication barriers include the physical or mental barriers of receivers, language or cultural differences, technical ability of receivers and the number of people receiving the message. The increasing nature of global business operations has increased the cultural and language barriers of business communication. Companies must now spend time educating its employees on the communication methods or skills needed for interacting with international employees and business partners.

Avoiding Filters

Avoiding filters is an important communication skill. Communication filtering is the process of individuals adding or taking away information from the sender's original message. The most common filter may be communicating to front-line employees through operational managers. Operational managers may add or delete necessary information when passing on communications from executive management or other important business individuals. Using the wrong type of communication can also be a communication filter; written communication may allow employees to interpret the message according to their understanding rather than the sender's original intent.