MY BUSINESS COMMUNICATION BLOG

Task 1 What is Organizational Law?   Organizational law refers to the different ways in which a company can be legally formed; there are different classifications, e.g. corporations, but all must respect state laws which indicate their rights and obligations. What does Employment Law refer to?  Employment law is a set of legal norms that regulate the relationship between employers and employees, in which the rights and obligations of both parties are indicated. How are Consumer laws defined?    These are state, federal and local laws that protect consumers from goods and services that do not meet the requirements to be on the market, such as defective products.  People who are knowledgeable about consumer laws can be on the lookout for fraud and scams.  What is Securities Law?   Securities laws are the laws and regulations governing financial instruments such as stocks, mutual funds, and bonds. These rules are designed in part to prevent fraud, in...

Introduction to Accounting 1. Why do you think accounting is seen as boring? Explain. I think most people find accounting boring because they don't really know what it's all about. Many people think that it involves only mathematics when the truth is that you need to have knowledge in different areas. For me it is very important because the accounting department is the one that takes care of the economic well being of the companies which includes the employees. 2. Which of the jobs mentioned would be most interesting for you? Give your reasons. The most interesting job for me is that of an auditor. I think auditors are very intelligent people who have the ability to find errors in the accounting documents of companies even when they have already been reviewed by employees. I find it interesting that they are able to detect when companies are not performing their operations according to the law. 3. Why is it so important for accountants to be ethical? Explain in detail. It is i...

 IBP What is “Integrated Business Planning” (IBP)?  It is a business planning process that extends the principles of sales and operations planning throughout the value chain that helps bridge the gap between strategy and execution. What is “Sales and Operations Planning” (S&OP)?  It is a process to better match supply with demand (find a balance) by developing strategic plans that help management direct the business and gain a competitive advantage. This process brings together all the plans for the business: sales, marketing, development, manufacturing, sourcing and financial. What are the similarities between IBP and S&OP? Mention and describe them. Monthly process: results are reviewed each month with the objective of growing the business and minimizing costs.  Cross-functional approach: coordinating people, tasks and time Driven by business strategy: provides forecasting accuracy and decision support to meet organizational objectives  Tactical planni...

Information Technology & Communication What is Managing information withing and outside the organization? What is the importance of it?  The management of information has had to face many changes, within the organization must implement the management of new technologies and the management of its information to increase its productivity.  Managing information outside the organizations menas how to: deal with the new media manage corporate news control public company crises What are the new technologies that companies have to manage for communications  purposes?  voice mail, Groupware, CD-ROM, Teleconferences, Faxes, data bases Describe the role of technological discoveries throughout history. Technological discoveries have helped organizations to collect, store and communicate information more easily and quickly .  What is the importance of technologies in the globalized business world?   Role of new technology in the globalized business world saves...