To be more creative in business

Posted on 2 March، 2019

Description         

Name: Sara AlGhamdi

Event: the seminar of entrepreneurs

Date: 14 February 2019

Organizer: PNU

Presenter: MS Hannan, MS AL Anoud, MS Modhi, T.Shahad

Location: PNU aduitorium

     In this workshop, MS Hannan explained several things in entrepreneurship and mentioned some tips and experiences we have seen in the field of business from MS AL Anoud, MS Modhi. Where they talked about the difficulties they faced, how they started in the business, how people accept their ideas, also the competition in the field of work. my thought before this workshop about what topics will be presented in this event: What is the Princess Madawi Fund? and how to put the business plan? we were able to participate and ask questions which enhanced my understanding of the subject.

Analysis of learning

The main key learning in this activity was about Women in business practice free work and own small business. Therefore, Deem Al-Manahil has helped Saudi women in this field, which is a private non-profit established upon an initiative by Al-Manahil Company. Their goals were Training and qualifying the Saudi woman in the field of business. Providing the woman with the necessary finance to establish a private project or develop an existing project. and Creating real and renewed work opportunities. MS Hannan advises every student Try to engage in business, even if it is simple financial where the most successful project was from students. I have learned creative thinking in the field of work and how to put in my own business something that distinguishes me from others. And to go to the hand that supports me at the beginning of my project like (Deem Al-Manahil Fund)

What are the difficulties? Also, the topics are the work environment and difficulties in work. According to 2012 standards, women faced difficulties in entering the work environment and opening their own business. But nowadays there are no difficulties for women in terms of work. The difficulties faced by women and men together not only for women. The start of a decision to open your own business is the most difficult stage for the entrepreneurs to go through. So, we learned from MS AL Anoud persistence, determination, and desire to do something and stick to dream. Study your idea well and do it. After you skip this stage do not think you have not encountered other difficulties. the work environment has a negative and positive. To be a successful leader use the negatives in developing yourself. As we saw with MS Modhi, there are a lot of competition and challenges. In these days, the trend of healthy food has become greater. Therefore, we find MS Modhi, living experience of competition. I learned from her not to stop developing my business .and to be different in my business to win the competition.

Evaluation of learning

This workshop made me realize the success of the small business and its advantages. the definition of small businesses “that small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.  ” (Entrepreneurs, Dr. Nabi)

Families work together and open their own small businesses or men/ women seeking to open their business and succeed in it. Of course, there are difficulties and challenges they will face. This is often a result of poor planning rather than economic conditions. Over half of small firms lack a business plan, a tool that is considered one of the most important factors for a venture’s success. So that you can open a successful business. You have to have a plan and look for your passion. Also, you have to have a broad mindset to be distinctive in your work. Ask yourself what are your resources? After this join the learning courses.The biggest concern of people is their fear of bankruptcy, that their loss is more than their profit, they do not have the spirit of risk and adventure, the difficulty of providing documents, or financial statements to a large extent and so it is clear from the characteristics of small projects that Hank help factors and other impediments to these projects.

What I learned: So, I learned from the workshop. To gain more experience, join a small business and work for them. Then you will learn more than to work for a large company. Then open your own business. I strongly agree with this. One of the questions answered by MS Hannan. Does top capital make the probability of business success greater? Answer: No. not necessary, many successful businesses were in a small financial amount. I realized then that any university student could start a business now

One of the special ways with the competition is: talk to your customers, ask them about their wishes and reservations, ask them suggestions and ideas to improve your services, and give them an appropriate working environment, customers are the real key to success. Also, study your competitors and identify their strengths and weaknesses, and know their competitive advantage. And finally, do not look at the competition as an enemy that seeks to destroy you and do not remind them of bad or distort their image

finally, Applying for what I learned in the workshop, I will work in a small business to learn the fundamentals of business. Linking what I knew before: I knew what competition was, and now I know how to deal with the competition and be successful in it

References

Helena Eriksson. (2001). Business Modeling with UML. semaneicScholar:https://www.semanticscholar.org/paper/Business-Modeling-with-UML-Eriksson/1d9c68b162b47c6466aa08fcad2519f80e211f4f

RamonCasadesus-MasanellJoan EnricRicart. (june, 2010). From Strategy to Business Models and onto Tactics sciencedirct:https://www.sciencedirect.com/science/article/abs/pii/S0024630110000051

William G. Zikmund  Business Research Methods.

 

DESCRIPTION

name:SARA AL-GHAMDI

Event: Business Fundamentals: Effective communication

Date:8 February 2019

Organizer: the open university (OU)

Presenter: Hilary Collins

Location: https://www.futurelearn.com/courses/effective-communication

I think in this course we will learn about the importance of communication within the company and how to communicate formally

ANALYSIS OF LEARNING

Business communication is the interaction between people who work in one place, There are two types of communication: internal communication and external communication.
Examples of internal communication within the organization, such as communication between the manager and staff There are several forms of external communication that a company may communicate with a ONE member, There are several forms of business communication: face-to-face, online, over the phone .

There are basic principles to help you easily communicate with your audience “Students must be familiar with the basic principles of business communication. To achieve this goal, government companies must use clear language in the curricula through which principles can be incorporated”RACHELLE R.GREER,APTIL 12,2012

Here are the basic principles

·         Clarity

The sender must provide a clear message to the recipient. What is clear to the sender may not be obvious to the recipient because of his different background, etc.

·         Understanding the context of communication

·         A clear goal

·         Choose the most appropriate broker

–          In order to achieve effective communication, you have to understand your audience and with whom you talk and communicate with the client and the patrons and how to communicate internally in general

–          Who are stakeholders? Is a party that has an interest in the company that can be affected and can be affected. by investors, employees, customers, and suppliers. can be an internal or external stakeholder. example of internal stakeholders is investors. and external stakeholders who do not have a direct relationship with the company. So you have to understand different interests.
Hoffstead’s theory suggests that the culture of society influences member values ​​and the extent to which these values ​​relate to behavior using a structure derived from factor analysis.

Dimensions set by:

·         distance index

·         Masculinity about femininity

·         Individual dimension

·         Tolerance vs. restraint

·         Long term vs. short term

Geert Hofstede

Education: University of Groningen (1967), Delft University of Technology (TU Delft)

Born: October 2, 1928 (age 90 years), Haarlem, Netherlands

-The theory of media is sometimes referred to as the theory of information enrichment: it is the description of the means of communication according to its ability to produce the information transmitted through it has developed this theory both: RICHARD L.DAFT AND ROBERT H. LENGEL.

– “A meeting is a combination of a transaction or project of two persons and more” William lane Craig books 1966

Occurs in companies for information exchange, project planning, and decision making. Informal meetings are held at the coffee shop.  most meetings occur on four categories:

·         Group meeting

·         Information Meeting

·         Meeting decision-making

·         Meeting of the exchange of ideas

– Minutes are a record of what happened during the meeting and what are the commitments?

– Businesses use presentations as a way to present ideas for training or to motivate the public. The speaker must train to make sure he is ready for the presentation. Good presentations often bring viewers new information, not being restricted. The most useful presentations are content that has useful, applicable information such as: How to develop yourself? It is essential that the presentation of the work takes the attention of the attendees; So there are several ways to gain audience attention such as presentations, slides, color posters, and body language. To make the presentation effective, there are several things: good presentation design and context, a good presentation has a clear goal, an effective presentation that is clearly organized, and easy to understand the viewership. Plan well for the presentation you will make.

– “Presentation Structure” Presentations should be very easy and logical, and it is important to avoid complex structures and focus on the need to explain and discuss your business clearly such as Welcome Introduction, A coherent series of key points, A clear and meaningful conclusion. Give the audience a brief summary of the presentation, receive their questions, stop between two different themes, change the tone of voice. Read more about Claire ‘s style for more information.

– E-mail is more popular in business contexts, more formal, and more widely used during business responds to use them in a decent way to work. The selected vocabulary must correspond to the nature of the publication, clarify the purpose of the message in short, and the appropriate closing statements, and contain the sender’s information.

In order to be convincing, your article should contain facts and figures (from official sources). It may not be easy to convince other people so when writing your report, select the purpose and determine the calibration of your analysis and the source of the necessary information. Preparation for writing a proposal requires your understanding of the information well and sorted and arranged in a chart on multiple forms such as fish structure, causal relationship, multiple effects and so on.

EVALUATION OF LEARNING

I finally learned a lot from this course and learned how to give my idea to others other than through presentation or message

But I did not like the duration of the course. It is better to be less than 4 weeks

References:

Calvi, A. (2019). Business Fundamentals: Effective Communication – Online. [online] FutureLearn. Available at: https://www.futurelearn.com/courses/effective-communication [Accessed 13 Feb. 2019].

Videos

-How to Do a Presentation – 5 Steps to a Killer OpenerWebsite title: YouTubeURL: https://youtu.be/dEDcc0aCjaA
-Article title: Effective CommunicationWebsite title: YouTubeURL: https://youtu.be/I6IAhXM-vps
– YouTube. (2019). How to Do a Presentation – 5 Steps to a Killer Opener. [online] Available at: https://youtu.be/dEDcc0aCjaA [Accessed 11 Feb. 2019].