The Biz Blog

Statistics is one of the business fields that contribute immensely to the optimal performance of a company. It involves the analysis of data on various aspects of the business operations to derive useful information that can be used to make actionable plans as well as predictions. Departments such as finance, accounting, production, as well as marketing apply statistics in their operations to make accurate predictions on the various aspects of business performance on a daily basis. Statistics is particularly useful in employee performance management.  A manager can apply statistical analytical methods on statistical data collected about the performance of the employees in a given business organization to identify mechanisms that can be used to optimize employee performance and achieve maximum productivity. Additionally, statistics play a critical role in managerial decision making. Through statistical analysis, a manager can compare various investment options under consideration...

I recall that I have spent a summer helping out at a coffee shop when I was younger. The coffee shop was located at a city famous for tourism and sight seeing spots. When I chatted with the owner, he told me about difference in profit due to season change, climate change, new trending, and many other possible elements. I learnt during this hands-on experience that having a business requires such broad knowledge in many subjects within the field of business, such as business analytical skills and profit prediction experiences. After this experience, I was determined to acquire as much as knowledge I can as a business major.             The owner of the coffee shop told me about the major difficulties he had encountered before. He told me that once a movie was filmed by a local sight seeing spot, which brought the town, including his coffee shop, unimaginable profit. He had failed to purchase enough supplies, so he was forced to...

One hand on experience of business I had was on the field of sales and marketing. I got the opportunity from the Entrepreneurship Club at school. There was an event during Halloween for the small businesses in town, and the students, including me, opened stands at the town fair to sell the products of the shops in town. I represented a craft shop and sold handmade soap for them. Single handedly, my three-person team was in charge of both marketing and selling the soaps. This hands-on experience was unforgettable because it was the first time for me to use my knowledge in business. I learnt that graduating with good grades as a business major means different from being skilled at doing business. When I put the marketing knowledge in action in the real world, I found out that it seemed so much easier on the books and a lot harder in action. It is true to say that the books leave out a determining element, people. People’s actions and thoughts are unpredictive and various. So, it require...

With all the controversy surrounding climate change, auto companies are becoming more and more environmentally friendly. Making cars with the best gas milage or even cars that run without gas has been a trend over the past few years. This is all in an effort to reduce emissions and make our environment more healthy. It is important to be the leading company pushing the boundaries in a field like this. You always must be One of the the leading environmentally friends car companies right now is called Tesla Motors. Telsa Motors is a company owned by billionaire Elon Musk. Tesla makes luxury, electric cars that have been gaining popularity over the past few years. The motor company recently revealed its newest automobile; an electric semi truck. The truck has a range of 400 miles after just a 30 minute charge. This a a breakthrough that will allow truck drivers to make the switch from their gas guzzling semi trucks to an clean, electric alternative. On top of being electric, the truck...

When picking a job, it is important you choose an employer that treats its employees well. Companies that have happy employees are more efficient because they have an incentive to work. Coming out of college, you want to be hired by a company that has good benefits for its employees. The top 10 best companies to work for in 2017 all also have plans for ambitious expansion. These companies need a lot of new employees so to get people to want to work for them they just treat their employees well. The top 10 best companies to work for are all large, well-known companies. The top 10 best places to work is full of companies that are large and are currently hiring more and people. The top 10 includes companies like Apple, Google, Nike, Facebook, and Southwest Airlines. These are all large, successful companies which shows that maybe theres a correlation between a company's success and the way they treat their employees. The number one best company to work for in 2017 is Salesforce. Posi...

Before you graduate college and earn your degree, one of the best ways to gain experience in your field of work is by getting an internship. Coming out of college, companies are looking to hire the people with the most experience. Working an internship is something that would give you an advantage over someone else who wants the same job. But as a student, where do you go if you're looking for an internship? Every internship will vary with competitiveness and required experience depending on what the position is. Even though every internship is different, a good place to start a search is your school's Career Services or Internships Programs offices. Here advisors can point you in the right direction and give you applications based on the career you're interested in. Also, a lot of people get internships based on their connections. They know someone or can get in touch with someone who gets them the internship. Your network is an important tool you can use to get an inter...