Can social channels revolutionise business?
In this video Sharif Sakr investigates how social media usage is impacting the way businesses think of their bottom line. Billionaire IT entrepreneur Marc Benioff believes he has discovered an unforseen function in his latest product. Salesforce Chatter is a software package that helps staff in a company to collaborate. Benioff believes social networking can revolutionise business but says he uses Chatter for something else: to keep an eye on his many employees at Salesforce.com and judge which of them are pulling their weight: “The benefit to me as an executive is a lot of transparency. You know, email tends to be a very private medium. It’s not a great vehicle for sharing information, but social networks are.” Then there are software giants Google and Microsoft, who have their own online collaborative tools. Google has its Apps, and Microsoft has its Business Productivity Online Suite (aka BPOS). These tools make it easier for a small, trusted group of colleagues to collaborate on a document, or share a calendar, or access a spreadsheet from their smartphones. With many business processes heading towards more collaborative methods, perhaps it’s only right that managers should be monitoring the resulting activity. Such an arrangement could make it more apparent exactly who should be credited successes in the workplace.
Read MoreCredit card usage
People think that owning a credit card is either a symbol of status or a means of living now days. This is not the right attitude unless you have managed to lay your hands on the best credit card deals that are available in the market. Getting hold of the best credit card deals however doesn’t mean that you just log onto the internet and look up “best credit card deals” and the first company that comes up, you take the offer. It means a lot more research and a lot more patience. Every company will name themselves the best credit card deals but you need to be wary.
Use your credit card sparingly. Don’t try to use it all the time thinking that you will be able to make the payment soon. Think of the interest that you will be paying if you are not able to make the payment on time. Use the credit card only to make absolutely important transactions. Always be sure that you know what you are being charged for in the statement for the credit card. If you have a slight doubt, don’t let it be, just call and enquire about the amount. It’s better to be clear than to pay for it later.
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