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STARTING A NEW E-BUSINESS AND BASIC BUSINESS TIPS

Updated on December 29, 2011
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STARTING A NEW E-BUSINESS AND BASIC BUSINESS TIPS

E-business is using the internet for every aspect of running a company or adding extra income to our pockets. Three practical lessons learned about effective e-leadership are:

1. Select workers that are self-disciplined. This includes yourself. You must make it work by using tools available. Today there is a lot of help for your success. For example, Google offers many free services such as AdSense, AdWords Express, Google Analytics, Google+ Your Business, Chromebooks for Business, and more.

2. Find a way to monitor performance from a remote location, this is if you have more than one employee.

3. Ensure you and/or your employees are not over stressed due to the continuous connection to their job. Take a break and have fun with your new E-business.

Basic Business Tips

85-15 rule

Deming’s 85-15 rule refers to: 85% of the time something goes wrong at work it is due to failure of the system such as equipment, poor trading, or rules. Only 15% of the time is fault of the employees, but employees get most of the blame for the problems. By managers realizing this, it will help improve employees’ performance. This means it is your responsibly to ensure you use the on line business tools available to take care of the 85%.

Total Quality Management

The first principle of total quality management is do it right the first time. You must take time and learn. This is done through proper training. Google has very good information on how to be successful if you use their services. Second is to listen and learn from customers and employees. Without proper input companies would not be able to fix any problems or adapt to changes. The third and forth principles are to make continuous improvements and to build teamwork, trust, and mutual respect.

Contingency Approach

Contingency approach to management refers to using different managerial concepts based on each situation. Mangers cannot follow one plan for every situation, they must be flexible. Human and social capital refers to the importance of employees and how important they are to the company. The difference in human capital is the importance of each individual and what potential they bring to their company. Social capital is the potential that how the relationships of employees can affect the company.

Positive Psychology

Positive psychology is the thought that one must improve strengths and health to prevent psychological disorders. Companies use this thought and call it positive organizational behavior. Improving employees’ health, knowledge, and happiness will benefit companies by having productive employees.

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