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WHAT’s on BUSINESS PRACTICES?

Posted by admin on Oct 9, 2008


WHO’s who on MIsmanagement

Posted by admin on Oct 9, 2008


EMBRACING THE ONLINE INTERACTIVITY

Posted by admin on Mar 26, 2008

20070424131437-internet.jpg In these days and age, information and communication technology has almost entirely encompassed the way we do things. From education, religion, entertainment, sports and business aspects, its utilization and effect is undeniably prevalent.

 

In the field of education, learners mostly cling to surfing the net in gaining a wide range of information on any areas of study. Simply because they got the most of what they need from the particular even in general scope of informations desired with the updates as well. The same thing is offered in the aspects of religion, entertainment, sports and business etc. And since the world of business connotes a broad scope, this is just to enumerate some of the multiple services of the Internet in marketing, sales, customer care, crisis management, and other key business applications. It has been the electronic marketplace where one can do business exclusively online. Also, that businesses over the internet find it faster and cheaper to deal with their valued customers and suppliers.

 

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Indeed, with the advent of information and communication technology, man has conquered time, space, distance, and the used to be impossibles in creating, transmitting information. This definitely wont be the end in mankind’s system, but just the beginning of more sophisticated and one touch access to every man’s endeavor.


THE GIANT OIL— MANAGEMENT

Posted by admin on Mar 16, 2008

 

Big oil is forsaking the future!

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Today, however with prices approaching a barrel, big oil has failed to ride to the rescue. The leading multinationals have grown too timid to spend aggressively on oil exploration-even at a time of record oil prices. Unless we adopts a new national energy strategy and finds way to pressure the majors into changing tactics, Big oil could face serious trouble ahead.

 

Some might argue that this is nobody’s fault, there’s just less new oil out there to be discovered these days.

As the majors decline, national oil companies-state monopolies in countries like Saudi Arabia, Iran, India and Russia are coming on strong. All this could lead to less competitive global oil markets and even higher prices in the next decade. The majors may think they have the luxury of not needing to search for new oil. They say that they have shifted emphasis to mega-development deals with other country and to bringing to market already discovered but remote reserves in other places. But despite high expectations did not bring much more oil to market. That’s because the majors’ mature reserves began declining due to natural geologic factors and many mega deals as hope. With resource nationalism on the rise, such opportunities will be even scarcer in the future. The majors won’t be willing to drill. And if they take over smaller firms, they could well out exploration there as well, leaving us in an even worse bind.Long-term investors are starting to recognize what the rest of us understand that oil companies should be looking much harder for more oil.

What should world do to make sure this happens? The world has until now avoided taxing profits out of the belief that companies should be allowed to retain their capitals so that they can respond to higher oil prices by investing more. The problem is that the top companies are now clearly not responding as they’re meant to. Government should therefore step in and impose a “use it or lose it” tax on oil profits, companies to spend more on exploration or alternatives or face the taxes.

Our country should also think on a serious national effort to lower oil demand and increase federal spending on alternative energy resources. But if we do nothing, we will continue to transfer more of its wealth to OPEC countries. That might see problematic yet. Good management is we need!