Keywords: international tourism, environment, economic effect, leakage, tourist infrastructure. Online transactions and payments are also the order of the day. Facebook is also a distracting site that can make you lose track of time and distract the mind from more important matters. We believe that socially conscious business – business that exists to improve social, spiritual, and economic conditions within its community while making a profit – really can change the world. A strong driver of globalization, for example, is the English language as an international business language. The result is a business that runs successfully. Even though management should always be strict in the workplace you cannot be too harsh because it will eventually have an effect on the workplace psychology. For example, those in charge of management have better records of the employees and know how to deal with them more efficiently. Fortunately, technology has made it achievable for businesses to communicate with their peers in other countries and get practical solutions for their issues. The clearest and most immediate business impact of the coronavirus pandemic has been a major disruption to supply chains. With this in mind we conducted a PESTLE analysis to identify opportunities for change within the organisation (see attached) from this PESTLE we identified the following external influences on our business. The smartphone has become so large and so ingrained in our society it has already began to leave it’s print, the nature of that print is unraveling currently and whether it will be positive or negative is still largely up for debate. It’s easy to lose your hopes and brood over the negative side effects of any event, especially when as a community we’re battling a global pandemic. This study aims to find out the impact of working capital policies on profitability. Family involvement in business management attracts much scholarly attention in the field of family business. For starters, by updating your office, storefront or retail outlet's style, you improve your shoppers' or clients' experience and make a better first impression on new supporters, which is vital to repeat business. Sign up to receive our updates and other TMCnet news! The findings of this study clearly demonstrate that the Indian stock market does not possess a monthly barometer that can accurately predict future direction of the stock market. Here are 10 ways that small businesses make a profound local impact: This paper's main objectives are answering two questions. number of researchers have recently reported an intriguing phenomenon in stock returns that they refer as the January Barometer or the other January effect. Tourism Management, Warren John Fall 2011 This study will help to improve dividend decisions of corporate sector through proper implementation of their dividend policies. IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY Emphasis on Reward 7 With the idea of finding a new job, employees therefore might demotivate with their current job and underperform in the organization. ...The Impact of market orientation on business performance and website adoption: a study among iranian smeS Effectively than any other sort of service in the arena of blogging. Facebook has generally provided positive psychological effects on the multiple sections of society. Essay. A miscalculation or a case of improper grammar can be … This research article also deals with capital structure & performance of family businesses in India. This paper is an attempt to explain the effect of dividend announcements on stock prices of chemical and pharmaceutical industry of Pakistan. Increase in Your Brand Awareness: Positively, Facebook has revolutionized...... ...Effect Of Dividends On Stock Prices Management is needed in all workplaces or else there would be total disorder and the business would most likely not be a very well-run business. PS101 Introduction to Psychology Valerie Helfman Turn Customers into Fans, Hindsight is 2020: 5 ways to prepare your business for 2021, How to Minimize Cost in Your Contact Center, Solving the Top 3 Privileged User Access Problems, Data Growth and the MSP: Best Practices for Profitably Delivering Data Protection, Self-Service Maturity Model: Gaining a Competitive Advantage from Self-Service. Here are 6 Positive Effects of Social Media Marketing on Your Business 1. Introduction 3 Keywords: January Barometer; Indian Stock Market; Monthly Barometer; Other January Effect Political If you want your business to succeed today, you should use the right technological tools. Regression analysis was performed to determine whether market orientation is associated with firm’s performance and website adoption using the Partial Least Square (PLS) technique. By 2019, it is estimated that there will be around 2.77 billion social media users around the globe, up from 2.46 billion in … More...... ...HR3010 So, What Are The Positive Effects Of The Internet On Business? Effect On Website Traffic Many people are spending a considerable amount of time on social media. A sample of twenty five companies listed at KSE-100 Index is taken from the period of 2001to 2010. So, let’s look into the positive effects of social media on businesses. Teamwork Technology made communication easy. What are the things business people can do today because of the improvement in technology? Reduction of the Cases of Human Errors in Business. Communication is of many types some of them are non-verbal communication, verbal communication, oral communication, written communication etc. 6 communication is the activity of conveying information through the exchange of ideas, feelings, intentions, attitudes, expectations, perceptions or commands, as by speech, gestures, writings, behaviour and possibly by other means such as electromagnetic, chemical or physical phenomena. That puts the business in a better position to improve. For more information about the conference please visit the conference website: http://cgr.umt.edu.pk/icobm2013/index.html or write the organizers at icobm@umt.edu.pk organized by School of Business and Economics University of Management and Technology, Lahore, Pakistan This paper has been included in the conference proceedings with good intentions, where the conference and its organizers are not liable at all for the contents of this paper and / or any part of it. The case for establishing a truly diverse workforce, at all organizational levels, grows more compelling each year. 7 Positive Effects of Technology in Modern Day Business 1. The coronavirus outbreak has left over 3,000 people dead so far, more than 90,000 infected and 50+ countries affected. Technology has made it possible for them to work in synergy. Studying the impact of market orientation on business performance has been a popular research topic in recent years. Here are the 8 positive impacts of Covid-19 pandemic that we must look forward to. Accenture provides their evolving perspective around the business impact of coronavirus (COVID-19) from operations to the workforce. Once her workplace psychology is affected then it will most... ...the title of the presentation is Impact of personal freedom. Positive effects of social media for business 1. When it comes to management in workplace psychology that is just has important because you need to understand that in order to manage the business your psych needs to be stable in negative and positive situations. Have a good website to persuade the customers to purchase from your company rather than look for what is provided by the competitors. Consequently, the organization has higher chances to prosper. For example, now people can communicate efficiently and without delays. For example, a company selling air conditioners can give tips on how to maintain a hair conditioner. This way you will be prepared to get into sussing out the potential new inefficiencies that you may accidentally unleash in pursuit of greater efficiency. Read about the types of business growth: rapid and organic. A Reduction of the Cases of Human Errors in Business. Submitted by Abstract According to previous studies market orientation is a prerequisite for a successful business operation, but actually there is not enough evidence in support of this relationship in an Iranian context and particularly about the impact of market orientation on the perception of managers toward having websites. There is an increase in online advertising due to the Internet. Assignment 1: Literature Review Communication requires a sender, a message, a medium and a recipient, although the receiver does not have to be present or aware of the sender's intent to communicate at the time of communication; thus communication can occur across vast distances in time and space. There is client-relationship management software used by most businesses that allows them to keep track of thousands and thousands of customer profiles. Jayen B. Patel, Adelphi University, USA With efficient communication, operations within the business are more seamless. Does Facebook Have Generally Positive Psychological Effects? Thesis Statement: There are several brands that are trusted by the people. For example, there are accurate accounting packages that enable businesses to calculate their revenues and deal with the expenses appropriately. In today’s chaotic economy, business management degrees are sought after by many employers and are looked at as a keystone to success. However, downsides to technology do exist, if it is not handled properly. The pharmaceutical company has to make sure that it has strong management so it can stay afloat. Though the smartphone has made communication much easier, it has also created a less social society favors communication over the phone rather face to face (Ferren). Facebook has provided both positive and negative psychological effects. It is the customers that make these purchases. Fortunately, technology makes it possible to put your business out there for potential clients to find it. In the UK, approximately 76% of the largest 8,000 companies are either family owned or controlled (Gallo, 1994). Yes, Studies have shown that humans are social creatures and we like to make new connections and to communicate our opinions and to listen to others, and through regular Facebook status updates that pop up in our friends news feeds or vice a versa we are able to do this. There is no argument that though smartphones have increased our availability of communication, every second spent on a phone is a second not spent observing the world and the “usage of these devices may be stealing the most valuable moments of life away” (Perlow). ...Does Facebook Have Generally Positive Psychological Effects? Return on assets is used as a measure of profitability. They are highlighted below. "Some key aspects of creating and fostering positive social environments include building trust, team spirit, teamwork, job satisfaction, customers, and leadership, specific details, explanations or descriptions of those." Narver and Slater’s scale (MKTOR) for market orientation, Weerakoon’s Multi-Model Performance Framework (MMPF) for business performance and Technology Acceptance Model (TAM) for website adoption are tested and used. For example, they have concerns like, “can someone write my paper and highlight the important policies I should implement?” It should be possible to get the required solution. Confirmatory factor analysis was used to validate the measures in the study. In this study, it is examined if any particular calendar month return can effectively be used as a monthly barometer to accurately predict future direction of the Indian stock market. It will become a huge issue for the organization to achieve their objectives as no organizations in fact, can survive in today’s competitive world unless their employees work effectively and are committed to the organization’s goals. Corporate culture and organizational commitment 8 The final positive impact of technology on business is it allows us to achieve things at a scale and pace humans simply aren’t capable of. Economic effects. Take a look at the negative impact inefficiencies in all forms are having on your business right now. And this could lead to feeling that their lives are boring and sad as and recent studies indicated as to how children and teenagers feel because of this. These will be considered when we decide what changes internal and external are required for transformational change within our organisation. Cultural effects. Several factors determine the operation of a business. SMM report says, more than 65% of businesses are on social media to increase leads. Submitted to: Prof. Phillip Alalibo (2013, Janaury). Raise brand awareness and promote positive word-of-mouth. 2 Tourism influences social and cultural lives of people in a positive way by stimulating the development and revival of local cultures and encouraging intercultural exchange. Business management is the act of getting people together to accomplish desired goals and objectives. Disadvantages of business growth. TECHNOLOGY AND COMMUNICATION And because people may only post positive status, people tend to get the impression that all is well in their lives and they have no problems. For enhancing business operations, various corporations are progressively experimenting with the use of social media (Swartz, 2008). The countries should be aware of the negative effects of tourism in order to avoid them. 1 Challenging each other and … By some estimates, over 90% of all business enterprises in the United States are family-owned and 60% of all employees are in family owned businesses (Ibrahim and Elis, 1994; Colli, 2003). This paper has been presented in the With that, the customers get the impression that you are not out to make money at the expense of their well-being. References 9 Pujari stated (2015) "Internal environment also includes all those factors which tend to influence business and which are present within the business itself." Division of Industrial Marketing and E-commerce, Tarbiat Modares University, Tehran, Iran Business growth – Social interaction between businesses & customers is a growing trend that increases sales and improves brand loyalty. © 2021 Technology Marketing Corporation. The exigence of this paper is rooted in my interest in the future communication skills my generation and the impacts that smartphones have on not only myself but those around me. ...The family owned business is the backbone of the world economy. The most important positive economic effects of tourism are as follows: increase in budget revenues, production expansion, stimulation of investments, and improvement in the population’s welfare. Introduction of Topic and Clarification of Research Statement POSITIVE EFFECT OF BUSINESS Every decision has some positive effect in an organization. For some countries it is one of the main sources of national income. Yasaman Darabi Otherwise, it may not have the high output anticipated at the start. Volume 13, Number 1 The Negative and Positive Effects of Tourism 2 Today, Social media has become a tool to attract clients, balance association with business partners, to display... ...background. . Table of Contents Positive Effects 2 Great Place to Work Ecommerce has affected businesses positively and negatively. Political effects. The accuracy of prediction did not substantially improve whether the predictor month had generated positive or negative returns. #2. Many employees considered that their organization has broken the secure organizational bond and unhappiness might bring employees to tend to begin their new job search. Social environment affects the...... ...smartphones have an impact on society is long over and the answer is obvious, the debate has now focused on whether the impact is more positive or negative. Comparison of Research Questions Employees tend to be influenced by context in which they work and that can have positive and negative impacts on productivity. Global trade, commerce, tourism, investment and … Most research done in the field focused on corporate governance measures, family relationships, succession, and performance indicators of family owned businesses. 1 Results of this study is based on Fixed and Random Effect Model which is applied on Panel data to explain the relationship between dividends and stock prices after controlling the variables like Earnings per Share, Retention Ratio and Return on Equity. But if you expand too quickly you risk your business becoming unsustainable. . Getting profit means you should also invest in the right areas. They are 1) how does family...... ...capability with current kit and intake despatch capabilities of around 60 million, with around 25% floor space vacant and available to include further investment in new lines. Remember, efficiency leads to improved productivity. Information technology helps in developing automated processes for businesses. Non-verbal communication describes the process of conveying meaning in the form of non-word messages. “ We enjoy having these interactions with users and restaurant partners. Does Facebook have a generally positive psychological effect? Both of these topics examine employee outlook and job gratification in the workplace as well as the impact employees have on customer mindsets and business outcomes. Facebook use has become a part of millions of people’s daily routine, whether it is to update a status, reply to a message or even to read the News. The positive effects of social media on business are clear according to the leading food ordering giant. Most employers take the necessary steps to instill and maintain a harmonious and positive social environment in the workplace which also tends to instill future success. What is the influence of 4 dimensions of Corporate Culture on Organizational Commitment on Organizational Commitment? Therefore, businesses can access a wider market compared to what has been available for them before. In total, there are 12 articles in the special issue, which are summarized below. Besides, there exist applications that can be used to predict the financial position of the business in the future. Introduction 2 EFFECT OF DIVIDENDS ON STOCK PRICES Introduction It serves as medium to globally link people together, regardless of their physical location. Impact of Working Capital Management on Profitability Training and development 4 Proceedings of 2nd International Conference on Business Management (ISBN: 978-969-9368-06-6) Situation in which she might be very uncomfortable is when they give feedback about bad service or such. Article 1: (Kim & Gao) Does Family involvement increase business performance On Instagram alone 80 percent of people follow at least one business. The market demand. What is the best way to go about online advertising? Improving Business Strategies. It is the meaningful exchange of information between two or more participants. ABSTRACT The January Barometer or the Other January effect suggests that January returns can predict future performance of the stock market. A miscalculation or a case of improper grammar can be costly to the reputation of a business. Social effects. You should never expect the customers to come to you. Sumaira Tufail Hailey College of Commerce University of the Punjab, Lahore Sumaira_08sep@yahoo.com The communication process is complete once the receiver understands the sender's message. Consequently, the organization has higher chances to prosper. From PricewaterhouseCooper, to Disney and L’Oreal, organizations across industries are seeking to prioritize and benefit from a diverse and inclusive work environment. Positive Effects of Change in Brand Image What happens when you improve the way your target market sees your company? On the other hand, the employees have better tools to work with. The employee attitude on organizational commitment has changed nowadays; they would no longer want to stay with a particular company for their whole working life. Here are the the top nine reasons why it's imperative for businesses to be on social media, and how it can help ensure your brand’s success. 11 INTRODUCTION 6 They include: For these entities to work well, there has to be an interconnection between them. E-business supplies numerous e-services and is a superior platform for services such as teaching. Communication is simply the act of transferring information from one place to another. There are specific areas where the proper application of technological advancement can give your business an upper hand. Among the negative effects of tourism, the most important ones are inflation, financial leakage, infrastructure costs, and economic dependence. Body Daniel Koys’ article, “The Effects of Employee Satisfaction, Organizational Citizenship Behavior, and Turnover on Organizational Effectiveness: A Unit-Level, Longitudinal Study”, addresses the issue of whether business outcomes are influenced by employee attitudes and behaviors or vice versa. In this special issue, we have invited scholars from different areas of business and management to write brief papers on various aspects of the effects of the COVID-19 pandemic. The first is the possibility of availing important company information out there, as it can be used by the competitors to strategize against your business. Winter 2015 Here are just a few benefits of getting a bachelor’s degree in the business industry: 1. Work on your marketing strategies so that you can get the clients ahead of the competitors. In article 1, transformational leadership and its relationship with employee attitude was also questioned. Various research has suggested that the social environment of a business is integral aspect as to whether that business is a failure or a success because of a positive environment with positive reinforcement and teamwork which helps to inspire and encourage employees to work together and collaborate on projects. Employees can also work whenever regardless of their location. Business to consumer (B2C) trading which involves a business such as a company directly dealing with consumers over the world wide web. The current research paper covers the main effects of global tourism, both positive and negative. There have been many changes in the world of technology. The research suggests that some styles of management, such as transformational leadership, may be more effective in the dedication of customer service employees. Abstract In Pakistan corporate sector is adversely facing competition due to economic downturn in the world and making efforts to survive in a competitive and uncertain economic environment. Inflation. Once they like your page, your customers will receive your updates on their wall, where their friends will also see them. Top 9 Benefits of Social Media for Your Business. The results indicate none of the calendar month returns has consistent ability to accurately predict the performance of the Indian stock market over the next twelve months. An increasing aspect of government intervention is through efforts to shift consumer behaviour – e.g. In our culture we take the negative we receive and try to turn it into a positive but in this instance she might not know how to handle negative feedback and take it hard and put more stress on her shoulders. To test these assertions, this study looks into the nature of the relationships between market orientation, company performance and website adoption using 117 website adopters and 102 non-website adopters as sample data from Iranian SMEs. However, there seems to be a lack of empirical studies that measure market orientation in an e-commerce environment. DeVry University Communication requires that the communicating parties share an area of communicative commonality. Environmental effects. Effect of Dividends on Stock Prices– A Case of Chemical and Pharmaceutical Industry of Pakistan Kanwal Iqbal Khan University of Central Punjab, Lahore One of the biggest advantages of technology is to provide good communication... 2. In the past, employees might be happy to remain in the organization where it could provide good job security. Presentation topic : Social Environments Another positive effect of social media on business is “increasing your brand... Increase in Your Brand Loyalty: Besides the advertisements, avail information that is useful to the clients. These researchers further hypothesized that transformational leadership would result in a positive employee attitude and overall job satisfaction. With a permanent highly unionised workforce of around 250 and a variable agency work force of around 100.The majority of equipment is older than 10 years and most operations are semi automated with high opportunity for full automation. Effect Of Dividends On Stock Prices In case the future seems bleak, corrective measures can be implemented early. One of the most common arguments that support the idea that smartphones have a negative effect on society is the argument that smartphones have taken our focus away from everything from driving, to family, to our...... ...Impact of Working Capital Management on Profitability Ayame probably comes from a very strict and tight environment and is easing into a career where everything is going to be upfront and straight forward. The businesses that exist today wouldn`t survive if there were no technological devices. Financial leakage. Teamwork 5 Therefore, organizations can also tap into the expertise of people who do not like working in a conventional office work environment. Many of us know intuitively that diversity is good for business. Tourism has both positive and negative effects on the environment. Stock prices of chemical and pharmaceutical industry of Pakistan keep track of thousands and of. 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