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Businesses Need The Protection Of The Law

Whether it is a person or a business, need help from a lawyer that handles businesses. People typically sue for things like breach of contract, slander, and fraud, but commercial businesses also have those kinds of problems and even more because they are a business that offers goods and services to the public. Commercial litigation lawyer can help a business that is facing a lawsuit, and can also help that business with other legal matters that can interfere with their ability to make profits.

Commercial Litigation Lawyers Help Businesses

People who own a business can have a lot more legal problems than the average citizen. The idea of having their own company is to make a living, but sometimes there are things that can stop or get in the way of making money. In order to help a business actually do business, commercial litigation lawyers can be hired to make sure that a business can make money without anything getting in the way.

Here is more information on some of the benefits of a business owner keeping a commercial litigation lawyer on the payroll:

- Commercial lawyers can save businesses time: If there is one thing that a business owner does not have a lot of is time, and every hour of the day is dedicated to the business. If something happens, like a lawsuit is filed, then the business owner is going to have to deal with it, and that can interfere with what that owner has to do on a daily basis. Commercial litigation lawyers can deal with whatever is going on with the lawsuit, and taking over for the business owner is going to let that person get back to business while a legal expert looks into the suit that has been filed.

- Lawsuits can be handled by experienced lawyers: Some business owners like to do everything on their own, but when it comes to legal matters, a typical business owner is not going to have the knowledge and experience to handle anything that involves the law. Commercial litigation lawyers have a lot of experience dealing with the law, and if a business is accused of wrongdoing, then they can take a look at what is going on and help resolve the matter.

- The reputation of a business is very important: In the world of business, the reputation with the general public is what makes people go to that business in the first place. If someone or another company is saying things that can damage their reputation, then the business owner can look into legal action. Reputation is everything in the world of business, and a business that is the subject of untrue accusations or falsehoods against them has the right to depend their name and good standing with the general public.

Commercial lawyers deal with the business world, and can be there to help protect business so they can continue to make money and provides good and services to the public.

Business Intelligence, The Key To Company Success

Business Intelligence (BI) is the ability to transform data into information and information into knowledge, so as to optimize the business decision-making process. A set of strategies and tools focused on knowledge creation and management through the analysis of existing data from an organization or business.

From the point of view of information technology, we can say that BI is a set of methodologies, applications and technologies that allow a business to the group and transform the data obtained from structured information systems to do analysis and information generation and improving the process decision-making of the business. It covers both current understanding of the functioning of the business as well as an anticipation of future events, in order to provide a body of knowledge to support business decisions.

Referring to business intelligence, we can differentiate the concepts of data, information and knowledge. Data is something that is vague, for example, the number 10, while the information is more accurate, such as April sales were 10. Finally, knowledge is obtained by analyzing the information.

Data are the minimum semantic unit and are the primary elements of information. These alone are irrelevant to the decision-making process. A phone number or a name of a person are examples of data.

The data can come from external or internal company sources, can be objective or subjective, qualitative or quantitative.

Moreover, the information can be defined as a set of processed data, which are relevant and have a purpose and context. The information is useful for decision-making, as it allows reducing uncertainty. The data is transformed into information to add value.

The information is capable of changing the way the receiver perceives something, impacting on their value judgments and behaviors.

Information = Data + Context (value added) + Utility (reduce uncertainty)

Knowledge can be defined as a mixture of experience, values, information and know-how, that form a framework to incorporate new experiences. The knowledge derived from the information and information from data. In order that information becomes knowledge is necessary to perform actions such as:

· Comparison with other elements.

· Prediction of consequences.

· Searching for connections.

· Talk with other carriers of information.

By gaining knowledge of the business once the information is captured from all areas in the business, you can set strategies and define what are the strengths and weaknesses of the business.

Business Intelligence is the broader concept of the use of intelligence in organizations. This has emerged from the contributions of the various areas of information such as market intelligence, competitive intelligence and business intelligence.

Market Intelligence corresponds to the strategic management discipline within companies that allow a more deeply know of the market and the company’s performance within it, through a constant flow of information.

Competitive Intelligence is defined as the process of collecting and analyzing information on the activities of competitors, so as to support the achievement of the goals of the business. Through a continuous flow of information, allows a business to know what the competitors are doing in the commercial, financial, and organizational aspects.

Finally, Business Intelligence refers to the set of tools to extract business experience. A set of systems to delineate dynamic customer base, such as sales trends, niche value, customer churn, profitability segments.

Intelligence tools are based on the use of information systems that bring together data from production processes, information relating to the business and economic data.

Using the techniques to extract, transform and load (ETL), data extracts from different sources, are purified and prepared for a load them into a data repository.

This toolkit has the following features:

• Access to information. The data are the primary source of this process. Systems have to ensure user access to data regardless of the source of these.

• Support the decision making process. Beyond the presentation of information, users need access to analysis tools, and select the data that interest them.

• Orientation to the end user. Independent expertise of users, these systems, must provide facilities that allow users to use these tools.

Business intelligence acts as a strategic factor for a business to build competitive advantage, by providing privileged information to respond to business problems: entering new markets, product promotions or offers, eliminating islands of information, control finances, cost optimization, production planning, customer profiling analysis, profitability of a particular product.

The main business intelligence products that exist in the market are:

• Balanced Scorecards (BSC) are tools to establish and monitor the objectives of the business and its different areas or units.

• Systems Decision Support (DSS) corresponds to interactive information systems that help companies make decisions, using data and models to solve unstructured or semi-structured decision. Supports decision making by generating a systematic evaluation of different alternatives or scenarios for decision.

• Executive Information Systems (EIS), are systems that provide top executives easy access to internal and external information that is relevant to their critical success factors. The Executive Information Systems support the decision making process of senior executives of an organization, presenting relevant information and using visual aids and easy to interpret, in order to keep them informed.

In reference to the origin of the data, existing components are: Datamart and Datawarehouse.

A Datamart is a departmental database, especially in storing the data that is specific to the business area. It is characterized by having an optimal data structure, to analyze information from all perspectives that affect the department.

Moreover, a data warehouse is a corporate database, characterized by integrating and debug information from one or more sources in order to allow analysis from many perspectives.

On the other hand, a Business Intelligence solution establishes a cycle from the following activities:

• Observe: what happens?

• Understand: Why is it?

• Predict: what will happen?

• Collaborate: what actions you should take the team?

• Decide: which way forward?

Why is it so important Business Intelligence?

For a business to be successful, it is very important the ability to make accurate and quick business decisions. Traditional information systems tend to be inflexible structures, making it difficult to adapt to the data capture processes of the business, and rapid generation of information for decision-making.

To overcome the limitations of these systems, business intelligence relies on a set of tools that facilitate the processes of extraction, purification, analysis and storage of data, with appropriate speed in order to support the decision making process of the business.

We cannot say that BI products are better than traditional applications, but they are developed for a different purpose, and therefore are more efficient for the decision-making process.

Business Intelligence solutions enable companies to:

• Process requirements quickly, intelligently and efficiently.

• Respond quickly and efficiently to changing conditions affecting the company.

• Establish information as the main asset of the business.

• Transform business data in intuitive graphical reports that can be analyzed quickly and easily.

Intelligence is the Key to Success. The Business Intelligence systems are now available to everyone. The well-designed BI applications can offer employees the ability to make better business decisions quickly, understand the various “information assets” in their business and how they interact.

We conclude that the key to thriving in a competitive marketplace is staying ahead of the competition. Making sound business decisions based on accurate and current information takes more than intuition. A Business Intelligence system thus becomes a determining factor for the success of the business.

Use Business Blogging to Build Your Business Brand

Every business should always be looking for ways to promote their products, and keep their business in the public eye. One area that is often neglected is the area of blogging. A blog can be very useful as a means of maintaining communication with your customers.

Blogging about your business is a very effective marketing tool

You can use a blog to introduce your products to customers. Share company news, announce new product launches or whatever you would like your customers to know about your business. It provides a fast, low-cost way of promoting your business.

Blogging about your business will increase your sales

Your company blog will act like an online salesman. Business blogs are a great way to showcase your company products or services. A blog article provides a way to tell customers all the benefits your product offers them. You could also use your blog to feed your customers news and offers relating to your existing products. Blogs are popular with customers because they provide them with the feeling of being in possession of ‘inside information’ about your business.

Blogging about your business will increase customer satisfaction

Business blogging is a great way of establishing a conversation with your customers. Customers enjoy reading and commenting on the blog posts about your business. Blogs provide an opportunity to create a sense of community around your business. If customers feel that their opinions are valued, and their concerns are listened to then they are more likely to develop an emotional attachment to your business that leads to a long term business relationship.

Blogging about your business helps to build your business brand

Blogging helps you to communicate your business brand to your current and future customer base. A business blog is your opportunity to tell people what your business is doing, and present your business to the world.

Presenting a consistent, branded approach to your customers encourages them to feel more trusting and loyal towards your business brand, and produces a sense of security for them.

Isn’t business blogging really difficult?

Maintaining a blog for your business requires a regular flow of information from your business. You need to aim to post updates for your blog two or three times a week at least. Once a day would be even better.

You can make your blog updates as long as you wish. If you have lots of information to convey then it may be better to break the information down into several smaller posts. This has the advantages of allowing customers to more easily find information that they are interested in, and providing you with topics to blog about on several different days.

What if I don’t have the time to maintain a regular business blog?

It is always possible to pay a professional blogger to write blog posts for your business. This approach will obviously involve a you explaining to the blogger the subjects you wish to covered in the blog, and you will need to be available to answer any company specific company feedback that your business blog may attract, but this approach can work well for smaller businesses seeking to enter the world of business blogging.