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| Stocks jump on better-than-expected GDP, jobs data Thu, 28 Aug 2008 22:03:21 GMT |
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| NEW YORK (AP) -- Wall Street barreled higher Thursday after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up. The Dow Jones industrial average jumped more than 200 points.... |
| Dell 2Q profit drops, hurt by PC price cuts Fri, 29 Aug 2008 05:51:39 GMT |
| Computer maker Dell Inc. said Thursday its fiscal second-quarter profit fell 17 percent, hurt in part by PC price cuts. Both earnings and margins fell short of Wall Street estimates, and Dell shares plunged.... |
| Toyota lowers 2009 global sales target Fri, 29 Aug 2008 02:02:04 GMT |
| TOKYO (AP) -- Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material costs, a slowing U.S. market and soaring gas prices.... |
| Spring's economic rebound unlikely to last Thu, 28 Aug 2008 20:43:04 GMT |
| WASHINGTON (AP) -- The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.... |
| Boeing sends machinists final offer Fri, 29 Aug 2008 01:38:29 GMT |
| Boeing Co. delivered a final contract offer to its union machinists Thursday that it said would boost pay by 11 percent on average over three years, the latest effort by the airplane maker to avoid a strike that could cost it millions of dollars a day.... |
| Oil jumps in Asia on fears Gustav will hit Gulf Fri, 29 Aug 2008 05:31:26 GMT |
| SINGAPORE (AP) -- Oil prices jumped Friday in Asia to near $117 a barrel on expectations tropical storm Gustav will soon enter the Gulf of Mexico area, home to a quarter of U.S. crude supplies and 40 percent of its refining capacity.... |
| Automakers face conflicting safety rules worldwide Thu, 28 Aug 2008 21:08:43 GMT |
| DEARBORN, Mich. (AP) -- It seems like an easy solution: Americans are looking for more fuel-efficient vehicles, so Ford Motor Co. is bringing over some of the small, gas-sipping cars it's been selling to Europeans for years.... |
| CDC: Salmonella outbreak appears to be over Thu, 28 Aug 2008 20:14:24 GMT |
| WASHINGTON (AP) -- The government said Thursday that the salmonella outbreak that sickened at least 1,440 people appears to be over, but its ultimate source may never be known, partly because of shortcomings in the nation's food safety system.... |
| Sears' 2Q profit drops 62 percent Thu, 28 Aug 2008 20:37:23 GMT |
| CHICAGO (AP) -- Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere.... |
| Jewelers look abroad to boost sales as US slows Thu, 28 Aug 2008 20:35:49 GMT |
| NEW YORK (AP) -- Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic weakness.... |
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FreeBusinessContent.net » Business-tips » Business Trends: The Oil Market And Virtual Employees
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Business Trends: The Oil Market And Virtual Employees
Author: ZindyMaseko
Total views: 48
Word Count: 514
With the oil business, the truth is that those on the inside of the oil business know full well that the oil business is tremendously cyclical. That means that the old adage, "whatever goes up must come down" definitely applies to the oil markets domestically and around the world. The current high prices are more a reflection of problems with refineries and with supply due to tension in the Middle East than it does with the profit objectives of the oil companies involved. In truth, oil companies have to cope with sweeping shifts in supply and demand and it impacts how they plan their economic futures as much or more than it affects the average consumer.
This is not just pie in the sky forecasting but an industry trend in the oil business that is supported by years of experience, research and tracking by the businesses most impacted by sudden supply and demand turns in the markets, those big oil companies. The oil business is so used to the roller coaster nature of the market that even though the market is good now for the oil companies, they are already preparing for the next downturn and how they will survive when supply exceeds demand and prices drop leaving them with big adjustments to make in how they do business.
And this shrewd business practice is a good signal to those who are investors in the oil industry as well. Just as the companies who are fattening up our portfolios now are strong investments, we should know that the downturn is coming and diversify while times are good. Then we can ride out the next oil slump just as handily as the companies that live or die by the oil markets do year in and year out.
Virtual Employees
When we say something is "virtual" in modern terminology, we are almost always talking about something related to the internet. So Virtual Dating is dating using the internet. "Virtual" does not mean something that does not exist. But it implies you are replacing a normal physical entity with a real but for the most part unseen entity that lives online.
But the concept of virtual employment is going beyond providing another variation on outsourcing to a consultant. Many virtual employment agencies provide administrative assistants, sales support and many other functions normally associated with a full time employee but those services are done "virtually". A virtual office manager can have calls routed to his or her remote phone, email redirected and conduct office meetings and negotiations with vendors via email or instant messaging. Using these modern tools, a virtual assistant can provide almost every function an on site assistant might be able to do but do so at a lower cost to the employer.
Virtual staffing is a trend that has been a success for all involved as it has matured in the last few years. We can look for this twenty first century methodology for bringing in talented workers to continue to grow as more and more businesses get comfortable with staffing their employee ranks "virtually".
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