September 22, 2021

Coin Tastic

Business Managements for you

The Advantages And Disadvantages Of Using Facebook

I started my company (EMJ) from the trunk of my car (and it was a...

I started my company (EMJ) from the trunk of my car (and it was a small trunk so that’s a small business). Islam which reaches from the west coast of Africa to the Philippines and across a wide band that includes Tanzania, Central Asia, Western China, India, and Malaysia, has more than a billion followers11. Islam is also a significant minority religion in many parts of the world, including Europe. Islam has a pervasive role in the life of its followers, referred to as Muslims, through the Sharia (law of Islam). This is most obvious in the five stated daily periods of prayer, fasting during the holy month of Ramadan, and the Hajj, the pilgrimage to Mecca, Islam’s holy city. While Islam is supportive of business management, it nevertheless strongly discourages acts that may be interpreted as exploitation. Islam is also absent of discrimination except to those outside the religion. Some have argued that Islam’s basic fatalism (that is nothing happens without the will of Allah) and traditionalism have deterred economic development in countries observing the religion.

Business grooming enables companies to recognise their strengths, identify opportunities, create business plans that withstand financial scrutiny and enter new ventures or markets in a measured and low risk manner. Smaller companies have become so adept at responding to crisis that management-by-crisis has become the order of the day. Whilst senior managers focus on fire fighting and managing one crisis after another, the management time is not spent on strategic thinking, planning for the future and managing change or adapting to new environment. Business grooming helps companies to anticipate crisis rather than react to it, reduces waste by focusing on sound decision making process, and nurtures innovation so that companies can take advantage of new opportunities presented to them.