#1 Be Prepared Essays - Business, Economy, Professional Studies

#1 Be prepared E-commerce activity has grown rapidly during 1999 and is set to finally explode in 2000 and 2001. You need to ensure that your business is ready for this incredible opportunity by building a Web store now. This will allow time for you and your employees to learn the necessary new skills and to adapt your business processes. #2 Being first secures market share The initial entrant to a market captures the mindshare of consumers and can prove difficult to dislodge - just look at the mighty Barnes and Noble trying to play catch up with Amazon. Even if you aren't first, you still need to get on line fast to protect your current off line market share being stolen by an on line entrepreneur. #3 Low entry costs Although large enterprises typically spend a six-figure sum on an e-commerce enabled Web site, you can do it for a lot less. And no matter what you spend, it will be considerably less than the cost of setting up a bricks-and-mortar store. #4 Lower transaction costs Dealing with customers via the Web, whether processing orders or fielding support calls is typically cheaper than traditional methods. For example, Dell estimate that they save $8 each time a person checks their order status at their Web site instead of calling them. #5 Access to a global market Your telephone and fax machine already give you the power to sell globally, but the Web is unique in its ability to allow you to market your products globally. #6 Access to wealthy consumers Although the Internet is moving slowly towards mass consumerism, the median income of the typical Web user is still well above the American average, with 57% of on line households having an income of greater than $50,000, according to AdAge. Your Web store will give you increased access to this desirable demographic segment. #7 Off loading perishable inventory If the nature of your business regularly leaves you with a large, perishable inventory, a Web store can be an ideal way of getting rid off it. For example, American Airlines use their Web store to off load their unsold seat inventory. #8 On line distribution The distribution of data and software through the Web has quickly moved from a novelty to an expectation. If you are in the business of selling these soft goods you need to start distributing them on line now, or lose out to your competitors. #9 Because your customers demand it For years, many large corporations have tried to push their vendors to use EDI but have let their smaller vendors off the hook because of the acknowledged difficulties in setting such systems up. However, using the Internet for e-commerce transactions is much easier than traditional EDI and soon many companies will mandate its use for all dealings with them. #10 Making money OK, we've all heard the saw about how no one's making money on the Internet. There are some grounds to this as only a small number of Web sites are currently pulling in significant revenues. This is all about to change as the Web finally reach mass-market proportions in the United States, with nearly 25% of households forecast by IDC to be on line by the end of 1998. This will allow Web commerce to take off and, at last, there will be a real opportunity to make money.

Sample MBA Leadership Recommendation Letter

Sample MBA Leadership Recommendation Letter As part of the admissions process, most MBA programs ask students to submit recommendation letters from a current or former employer. The admissions committee wants to know more about your work ethic, teamwork capability, leadership ability, and work experience. This information helps them to determine whether you would be a good fit for their business program. Tips for a Great MBA Recommendation Letter The  best MBA recommendation letters  support the rest of your business school application by providing details about your work experience, leadership, and personal qualities. They can push borderline candidates into the acceptance stack. Choose your recommenders wisely.  Business schools would rather see professional recommendations than academic recommendations, preferably from your current supervisor. Your MBA recommenders should be able to speak in detail about your qualifications, supporting the points you made in your essays.  If you dont know many people who can do this, start cultivating some. Prepare your recommenders well.  While its not advised to write your own recommendations for others to sign, you should provide your recommenders with the necessary background information to write compelling letters.  This should include: The resume you plan to submit with your application.A statement of purpose indicating how you’re presenting yourself in your application. If you havent written it, provide a rough outline of what you plan to say.Talking points. Remind them of projects you managed that they can use to highlight your skills.A list of schools to which you are applying.A list of deadlines.  Ask for recommendations well in advance of deadlines.Instructions for how to submit letters, through  the school’s online system or by mail. If your schools require mailed letters, include envelopes and postage. Send a thank-you note.  Send it two weeks before the deadline, which will also provide a gentle reminder if the recommendation  hasnt been written. Once you get your decisions,  let your recommenders know how it turned out. Sample Leadership Recommendation Letter This sample letter of recommendation was written for an MBA applicant. The letter writer made an effort to discuss the applicants leadership and management experience. To Whom It May Concern:Janet Doe has worked for me as a resident manager for the past three years. Her responsibilities have included leasing, inspecting apartments, hiring maintenance staff, taking tenants complaints, making sure common areas look presentable, and keeping track of the property budget.During her time here, she has had an amazing impact on the appearance and financial turnaround at the property. The property was near bankruptcy when Janet took over. She turned things around almost immediately. As a result, we are expecting our second year of profit.Janet is highly respected by her co-workers for her willingness to help anyone anytime she can. She has been instrumental in helping institute new companywide cost-saving procedures. She is very well organized, diligent in her paperwork, easily reachable, and always on time.Janet has real leadership potential. I would highly recommend her for your MBA program.Sincerely,Joe SmithRegional Property Manager Source How to Get A Great MBA Letter of Recommendation. The Princeton Review, TPR Education IP Holdings, LLC, 2019.