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Monday, November 23, 2015

Synthesis Post

After researching the world of business, our team found out some very useful information that anyone who is looking for a career in this field should know. There are certain tips on getting jobs, staying connected with people within the business field, and just general tips on being a consumer that we have learned from various news articles or people we have talked to in person that have years of experience under their belts. This blog served as a guide for someone who had little to no experience in the field, and these are the most important tips we discovered.

The entire field of business is a giant connected web.  Business can really mean a variety of things, business is everywhere, it’s not defined to a single skillset or category. Companies and industries really begin to be successful when a multiplicity of business aspect’s come together to form a whole.  An article that we wrote on the logistics of retail pricing does a profound job at illustrating really how vast and connected the world of business is. One of the major costs of running a business is manufacturing costs. The manufacturers, one aspect of business, produce the product and charge the retail stores, an aspect of business that is intertwined and connected with the manufacturer.  Another piece of the retail business world is called “overhead”.  Overhead costs include things like paying rent, the cost of store technology, and more.  In this case, the renters and the producers of the technology are paid by and therefore connected to the retail store.  The final  portion of the retail business equation is labor, or the store’s workforce.  These workers are a business subcategory of the store itself, the larger business entity.  Business as whole, not simply retail, essentially operates the same way.  In the large scope, the business world can be and mean so many things, and in the end, all of these aspects are linked in some form.
Within the business field, it is incredibly important to establish connections with people who work at important companies. Forming relationships with recruiters, bosses and everyone in between is vital for getting jobs and moving up in the industry. Networking is especially important for college kids who have little experience and are looking for their first real internship at a big name company. Joe Gaglio, who is a senior executive at Deliott Risk Advisory, recently gave a presentation on the importance of networking and keeping up good communication within the workplace. By making good first impressions on recruiters, you are more likely to distinguish yourself from other potential employees who are trying to get that same job. Having a more personal relationship with a recruiter also gives you a chance to get to know more about what that company does from the inside, and maybe even learn things that you can share with an interviewer. Joe also explained that once you have a job, it is important to get to know the bosses and people who have been with the company longer than you have, as they can help you to perform better and maybe even help you move up within the company. Finally, it is also important to get to know other business people outside of the company you work at, as it allows for possible partnerships and even allows the possibility of getting a better job at a different firm. Networking is one of the most important skills you can develop and use in the business field; it gives you an edge over other potential recruits, and allows you to  move up within a company or even to a better job at a different firm.
As business majors, it is not a secret that the job field is very competitive. So our goal as a blog group was to provide information on how to prepare for the job search process. This all starts with interview etiquette, what to look for in companies, and how to build a resume. It is essential to be very well educated on topics like this because your accomplishments that you have made in the past only really get your foot in the door. If you can’t impress in the interview, then say goodbye to having any chance on landing that job you’ve always wanted. You have to know how valuable researching and rehearsing is, and how important it is to dress to impress, for example. It’s also critical that you know where to work, and why that specific company will be a great fit for you. So, we tried to give our readers perspective on what to look for in relation to employee satisfaction, benefits, and overall workplace atmosphere.
There are very many minors and classes you can look at to advance your business degree. For example, human communication, sociology and computer science. There are also a lot of different business degrees. There are ones that involve the financing aspect of a business, the marketing aspect, different management aspects and many more. Due to the vast amount of choices in this field it can be easy to find the right fit. Most companies offer jobs in all of these different areas in business. The best degree to get in college is the one that helps what you want to accomplish in a company. If you decide you want to deal with people, the best degrees to look at would be something with human resources and human communications. If you decide you want to be involved in something with math and problem solving then the best fit for you would be something in accounting and financing. If you want something to do with creating and designing advertising and marketing would be degrees that could help with that.
The best way for a student in any field to get a leg out on the competition is to take advantage of the opportunities you are given. Luckily for us business students here at MSU we get all the many benefits of attending a university with one of the highest ranking business schools in the nation. In one the posts you can find on our blogger page there is a more in-depth schedule of all the great opportunities offered on campus including resume writing workshops every Monday at 4:15 in the Eppley center and the Global Business Festival on Sunday, November 22nd from 12:00-5:00 pm. So, as you can see there is a variety of weekly events going on around campus with more new and exciting ones popping up all the time! Through our blog, the WRA business group strives to cover all corners of business; from the global aspects of business to business right here on our very own campus and everything else in between.

Prompted Post 3


The Interview

Questions:

For this interview I interviewed my dad who is a professional in the Business World. My dad has been a land developer his whole life, but in recent years has co-owned and ran multiple convenient stores/gas stations in my the southern cities of Tucson and Casa Grand in Arizona. Before my interview I prepared a series of question in which I attempt to further explore his field of business and get a better understanding of what his average work day consists of.

1. What do you write/ how do you communicate in your field?
After conversing with my dad he talked to me about how most of the communication involved with his job is through text messaging/phone calling, emailing and face to face. Over the phone or text messaging seemed to be the most common because it is the most convenient form of communication and with his job requiring him to be constantly on the move or driving that is the best way for him to relay information and receive information from the people he is working with. Email is typically used when he is sending over a business proposition or an extensive amount of important information

3. Who do you primarily communicate with in your work day?
His primary contact comes between him and his business partner as well as his employees. For my father to be most effective in his work day he must stay in contact with his business partner who in most cases is at the stores they own running it from the inside. They need to communicate on many different topics regarding the employees as well as gas and food shipments for each of the stores. He also has to stay in contact with the managers of his stores to make sure the business aspect of the stores is always running smoothly.

4. What are the most difficult aspects of your job?
For my father he didn't hesitate to say that the most difficult part of his job is firing people. While keeping up with the managing and maintenance of all his stores the hardest part is having to release someone from their job. This is a huge part of his position because it is his duty to look out for the best interest of his businesses as a whole, but he said it is never easy to fire anyone, no matter how good or bad of an employee they might've been.

Wal-Mart's Cyber Monday Sales Plan

Just like every other year with Thanksgiving comes Black Friday and in more recent years cyber Monday. Cyber Monday is Black Friday's younger sibling per say, where major stores have massive online sales. This year Wal-Mart pulled a fast one and has decided to start Cyber Monday on Sunday this year for the first time in history! With this huge sale starting at 8 p.m. Eastern on Nov. 29th Wal-Mart is projecting to generate over 3 billion industry wide. In recent years many companies have tried this and the results have turned this into the largest online retail shopping day of the year!

"Walmart Is Planning to Turn Cyber Monday into Cyber Sunday." Time. Time, 23 Nov. 2015. Web. 23 Nov. 2015.                         

By Hunter Griffiths

Sunday, November 22, 2015

Turkey Trouble

By: Vincent Kania

With Thanksgiving fast approaching, everyone is looking forward to carving into their favorite holiday meal. The centerpiece of the meal, of course, is the turkey, but consumers this year may have to pay much more than they are used to. After a devastating disease that ravished farms earlier in the year, The National Turkey Federation (yes that's a thing) estimate that nearly "48 million turkeys were wiped out over the summer"(Brennan para. 4). Prices this year are estimated to rise by about 20% compared to last year.

Despite these higher prices, retailers are looking to keep the price below $2 per pound so that consumers will still come into the store and buy not only turkey, but stuffing and other typical foods. This is a good thing for consumers, and shows how important thanksgiving day sales can be to retailers, and how consumers can benefit from these things.

Brennan, Morgan. "Grocers Will Eat Most of Increased Turkey Costs This Thanksgiving." NBC News. N.p., 20 Nov. 2015. Web. 22 Nov. 2015.

Prompt 8: My hands on experience






I have had a wide range of experiences in the work force, but not necessarily in a business that I plan on going into in the future. However, the work that I did was for a business, which helped me understand how businesses need to run in order to thrive. First of all, I worked for a small market in my hometown, which gave me my first glimpse into what happens behind closed doors. Before, It was hard to appreciate the service that I was given when I was a customer there. I learned from the owners of the market, that customer satisfaction was the most important thing for them. They went the extra mile every time a customer needed something to make sure that they were more than happy. In all businesses, I think customer satisfaction is something that needs to be ensured.

I also worked in a factory that stamped out car parts and modified dies for General Motors. The main thing i took away from there is that I really understood how hierarchy within a business worked. They had the die helpers (me), which was the lowest tier, then the die makers, the leaders, the foreman, the VP and executive board, and the owner. They all worked together throughout the day to make sure the shop ran smoothly, and they were producing as efficiently as possible. I really got a sense for what was necessary for that to happen. The passion of the workers was surprising to me because of how awful the conditions were. These guys got up at 5:30 in the morning and worked until 5 in the afternoon. They had one hour long lunch break. I don't think there was one instance when either of them complained, they just kept doing their best for the company.

When I talked to the owner of the company, he really stressed that his philosophy as a business owner and president, was to try to get his workers to take ownership in the company, and take pride in their work. He didn't think that they would be able to be where they are at today, unless his employees actually cared about their work. This is a very important thing that I took from my experience. I always have dreamed of having a job that I am truly passionate about. I don't want to roll out of bed and hate my life every day. The workers at this company taught me that you should really love what you're doing. Even if it's in the roughest of conditions. They didn't make any excuses, and thats what I admired, and hope to take after them in my future as a businessperson.

by Jack Denison

Women In The Workplace

         Women throughout the years have been progressing in the workplace, but there is still a big problem with gender inequality. There are less women in each level of a corporation than men. Women are also usually paid less than a male doing the same job, and there is a large number of women over looked for a job due to their gender even if their credentials are better than a man’s applying for the same position. 
 According to McKinsey.com, "From entry level to the C-suite, women are underrepresented at US corporations, less likely to advance than men, and face more barriers to senior leadership. In fact, at the rate of progress of the past three years, it will take more than 100 years for the upper reaches of US corporations to achieve gender parity.” 
Many women get paid less for doing the same jobs as men, there are a few possible reasons for this. One is thought to be due to the fact that women aren't as confident and demanding as they should be when deciding on how much to get paid or asking for a raise.   
According to aauw.org "In 2014, women working full time in the United States typically were paid just 79 percent of what men were paid, a gap of 21 percent? The gap has narrowed since the 1970s, due largely to women’s progress in education and workforce participation and to men’s wages rising at a slower rate.

By: Jordan Liddle



"Women in the Workplace." Women in the Workplace. Web. 22 Nov. 2015.

"The Simple Truth about the Gender Pay Gap (Fall 2015)." AAUW: Empowering Women Since 1881. Web. 22 Nov. 2015.

Prompt 6: Evaluating Sources


I read an article about the Oklahoma State University Spears school of business, and it's relation to being able to find jobs in the field of business.  This article was written in 2011, in the time of our recession, so the article was detailing how unemployment and it's benefits were continuing to persist and rise.  Despite the recession, over half of all available jobs fell into the category of business, and according to the article, the field of business as a whole witnessed a 6.2% increase in salary.  It was detailed that the demand for jobs is nearly matched by the amount of available jobs in the workforce.  The Spears school of business efficiently and readily prepares students for the workforce, and assists them in finding jobs.

Through our own personal findings and discovery's throughout the duration of the blog project, I can personally support the article's points.  The Eli Broad college of business is very similar to that of the Spears college of business.  They both do a fantastic job of setting up students with opportunities in the business field.  Not even looking at specific programs, we have found that the entire field of business as a whole is so wide and expansive, there are so many different directions you can go in career wise, and there are absolutely no shortage of opportunities, no matter which direction you decide to go in.  As the years go on, business grads are able to find more and more opportunities.  This is a major finding that we have seen consistently in exploring our field, which is why I support the findings of the article.

By: Cole Dolan

"Where Are the Jobs? In the Business Field." Proquest.com. Targeted News Service, 21 July 2011. Web. 22 Nov. 2015.