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Feedback Q&A on Business

by Ron Kurtus

Readers have sent in a total of 109 comments and questions on Business issues. They are listed according to date.

You can read them to further your understanding of the subject.



List of next 10 letters

Topic

Title

Country

General Business Topics What purpose do intellectual rights serve? UK
 
General Business Topics What types of legislation protects intellectual rights? UK
 
General Business Topics What is the impact of standards on the desing process? UK
 
General Business Topics How does quality control affect business planning? UK
 
General Business Topics Outlining your corporate expectations UK
 
General Business planning and corporate expectations UK
 
General Customer focus in engineering organisation UK
 
General Business Topics How is contracting carried out? UK
 
General Business Topics How engineering organisation carries out tendering UK
 
General Main task in resource handling India
 

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First 10 letters


What purpose do intellectual rights serve?

Topic: General Business Topics

Question

March 13, 2012

what purpose does intellectual rights serve and why are they needed to be protected.

steve - UK

22504

Answer

Intellectual rights protects the creators of devices or concepts from having someone else profit from their invention or work. It is sometimes called intellectual property, which concerns creations of the mind such as music, discoveries, and designs. Common types of intellectual property rights include copyrights, trademarks, and patents.

A big problem occurs when people from another country copy products and even sell then as if they were the original.

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What types of legislation protects intellectual rights?

Topic: General Business Topics

Question

March 13, 2012

What types of legislation are used to protect intellectual rights?

steve - UK

22505

Answer

The Anti-Counterfeiting Trade Agreement (ACTA) is a multinational treaty for establishing international standards for intellectual property rights enforcement. Individual countries set up their own legislation to fulfill enforcement.

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What is the impact of standards on the desing process?

Topic: General Business Topics

Question

January 29, 2012

the impact of standards on the design process in relation to the profitability of the business

Hyden - UK

22392

Answer

in the short-term, setting standards in the design process can be more costly, but in the long-run, it is absolutely necessary. Many companies start with ISO 9000 to document requirements, standards, and procedures. Then they move to TQM to look at ways to reduce costs and improve quality. The design team should be involved in both processes.

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How does quality control affect business planning?

Topic: General Business Topics

Question

January 9, 2012

how the concept of quality control affect the application of business planning and corporate expectations.

lucks - UK

22310

Answer

Quality control and quality management (TQM) must be performed before products are sent to market. They, in turn, are dependent on clear specifications.

Documenting specifications and setting aside time for inspections and quality improvement must be included in business planning.

To some managers, it seems like an added expense. However, in the long-run, good quality products will reduce costs and increase profits.

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Outlining your corporate expectations

Topic: General Business Topics

Question

January 9, 2012

for potential customers an example of outlining your corporate expectations.

luckshan - UK

22313

Answer

Upper management should have Mission and Vision statements available to show the direction of the company. Typically, corporate expectations are for the company to grow and increase profits. However, customers normally do not want to hear that. Instead, they want to hear about customer satisfaction and quality products and services. That is typically part of the TQM efforts.

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Business planning and corporate expectations

Topic: General

Question

December 1, 2011

how the concept of quality assurance affect the application of business planning and corporate expectations.

lucks - UK

22221

Answer

Corporate expectations are usually to make more money and get more business. Quality Assurance (QA) is a way to make sure the outgoing product fulfills the specifications. Total Quality Management (TQM) not only looks at QA, but also considers reducing losses due to waste, and emphasizes satisfying the customer to get repeat business.

Efforts in TQM should be part of the business planning effort. The return-on-investment (ROI) from TQM will convince management that it is worth it.

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Customer focus in engineering organisation

Topic: General

Question

December 1, 2011

Describe the corporate expectations of an engineering organisation with a customer focus.

Hyden - UK

22223

Answer

Corporate expectations of an engineering organisation with a customer focus are probably that the products developed please the customers and that they will purchase more from the company.

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How is contracting carried out?

Topic: General Business Topics

Question

November 26, 2011

Can you describe one example of how the engineering organisation carries out contracting.

Hyden - UK

22210

Answer

Contracting has various meanings. An engineering group can obtain a contract to do work, they can contract out work to other organizations, or they can be involved in the contracting business.

You need to be specific in what information you are seeking.

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How engineering organisation carries out tendering

Topic: General Business Topics

Question

November 24, 2011

Can you describe one example of how the engineering organisation carries out tendering.

Hyden - UK

22202

Answer

Tendering is often a a call for bids or the way an organization procures its goods. There are several variations on this term.

An engineering organisation may draw up a specification of what they want and send out a request for proposal (RFP) to suppliers to determine the best one.

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Main task in resource handling

Topic: General

Question

November 22, 2011

What is the main task which is perform as resource handling in finance?

Nutan - India

22192

Answer

It is good to have a financial plan and a goal of what you want to achieve financially. Then, keeping track of income and spending on a daily or weekly basis should be done to monitor your resources. This is true for both personal finances, as well as in companies.

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