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THE PRODUCTIVITY INSTITUTE NEWSLETTER Friday, June 26, 2009 |
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Newsletter topics: Marketing, Entrepreneur, Human Resources (HR), Personal Perseverance, Networking, Social Media, Market Research
by Bruce Newman
In our last Productivity Institute newsletter,
one title attracted the most attention by far: A Violinist In The Metro – Washington, DC,
despite being the last one listed. In exploring what made this response so popular, we asked
many people in LinkedIn and received almost 80 responses.
Our results – which include our
summarizations and direct quotes - are listed below.
(continue)
by Victoria Duff
Whether
your company is private or public, you need to establish an investor relations plan. If your
company is private, if you have any investors you need to have a strategy for keeping them
informed. Furthermore, a good investor relations plan will form a framework for attracting new
investors or new money from your existing investors. If your company is trading on a public
exchange, you need formal investor relations activities to protect and grow the market
capitalization of your company.There are two kinds of investor
relations campaigns:
(continue)
by Greg Chartier
A profit center is a unit of a company that generates revenue in excess of its
expenses. It is expected that, through the sale of goods or services, the unit will turn a profit.
This is in contrast to a cost center, which is a unit inside a company that generates expenses with
no responsibility for creating revenue. The only expectation a cost center has is to lower expenses
whenever possible while staying with a specific budget that is determined at the corporate
level.
All companies, no matter what size, have both cost and profit centers
(although, if it is a single-person company, that company would really have profit and cost
activities, since all business "units" are the same person).
10 Powerful Networking Tips Using Business Cards by Carl E. Reid
Whether you
are looking for a job or running a business, giving out business cards is crucial to marketing your
skills or services. Even as a job seeker, develop the mindset of running the business of YOU, Inc.
Business cards speak volumes about who you are, what you offer and how serious you are marketing
YOU, Inc. as a business. Oh! So, you have a resume and don't need business cards. Can you carry 10
resumes in your wallet' Do you or can you carry your resume everywhere you go' A church bell ringing
lets people know they are open for business. Your business card is your bell. Here are some proven
tips using business cards to increase your chances of landing a job or creating a business
opportunity. Survey Results: People's Perception of Business, Marketing and Executive Coaches by Mel Paoli
Businesses are always told ‘to do their
research’ and ‘to make sure they really know their market.’ They often tell you
that they do know their market and then proceed to describe them, (usually) in such general terms
that might as well be anyone, someone, or even anybody—just as long as they breathe and have
money. Sound familiar? No need to worry. We all do this at some point or another. The key is to
recognize we are doing it (before it becomes a problem) and that it is okay to ask for help or say
we do not know.
I have spent a good portion of the last year
and a half doing research to find out if connecting a company’s culture with their branding
was viable and determining the market and appeal. Overall, I think I have found some amazing
results.
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Are You Prepared to do Battle in the Social Media Marketing Arena? by Neil Ashworth
It's no
secret that the current economic downturn is forcing more and more business owners to look closely
at their expenditure and cut costs where they can in order to streamline the business model and
manage the bottom line. What was previously an aim for many is now a necessity for all and if you
are going to compete in the current climate you had better employ the same level of micro management
to your own business. It's no surprise therefore that more and more
small business owners are turning to social media platforms
(continue)by Yossi Feigenson
Amidst
the turmoil and receding economy, there are small pockets of industries and companies that have
actually experienced growth. Chief among them are companies within the wellness
industry. The oft repeated phrase, “The Lipstick Effect”, was coined by Leonard
Lauder, Chairman of Estee Lauder, upon seeing a huge jump in lipstick sales after September 11th is
surprisingly insightful. It denotes that people gravitate to things that are not too expensive
but still give them a sense of well being, despite the difficult times. The Lipstick Effect
can be traced back to the Great Depression of the 1930s where, in the four years from 1929 to 1933,
industrial production in the US halved while sales of cosmetics rose. (continue)
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