Project Management for Business Essay Example | Topics and Well Written Essays - 3000 words

Undertaking Management for Business - Essay Example Measures should be instituted to assess the accomplishment and progress of the goals. Undertaking supervisors are along these lines entrusted to liaise with all the partners to set up targets which are ordinarily concurred on. Items in which a task draws in are differed and can be named new, procedures or administrations. Any sort of item that is managed should be created to meet the organization goals and furthermore to increase the value of the association. Enunciation of the undertaking benefits is imperative at the commencement. This will give a reasonable guide to the achievement and advantages of the task. Correspondence is indispensable component of the task. Clear data should be handed-off to the individuals who are probably going to be influenced by the venture. The end clients ought to likewise be made to fathom the potential advantages that are probably going to collect from the presentation of a given item. Appropriate correspondence components will assist with doing combating the conceivable human hesitance to change in instances of new or completely improved items (KLOPPENBORG, 1900, np). Assets that are expected to actualize the goals ought to be distinguished and set up to guarantee smooth running of the undertaking. These are as far as time, specialized, budgetary just as HR. Individuals are the last significant component that is required for the achievement of a task. They are the partners and individuals who have different jobs and personal stake which are designed for the achievement of the task (KLOPPENBORG, 1900, np). The most significant individuals in a task are the backers, the undertaking chief, the colleagues and the potential clients. The standards of venture the executives spin around five columns: commencement, arranging, execution, checking and control at that point in conclusion. They resemble the procedures through which a task needs to pass, directly from its commencement to twisting up. The starting procedure includes the techniques which are set up so as to kick off an undertaking. At this stage, new tasks may require to

My Leadership Style Essay

As indicated by the authority evaluation, I am a greater amount of undertaking focused pioneer than a people-arranged pioneer, however I scored high in the two territories, in this way I have a sound equalization of both which is significant for an innovator in any organization. My authority style permits me to get my work finished in a sorted out manner, while being available to different thoughts; I can concentrate on the little activities while proceeding to see the comprehensive view or vision. Since I score higher on the assignment arranged side, I can be increasingly totalitarian in my reasoning. This will constrain my capacity to show my aloofness for my staff and representatives Furthermore, I am additionally a transformational and charming pioneer. I am best in littler associations that have direct cooperations with my staff. As indicated by Robbins, this assists with making me successful as a pioneer, which will give an organization â€Å"low turnover, higher efficiency, l ower worker stress, and burnout, and higher representative satisfaction.† Furthermore, Robbins shared that this administration style isn't powerful with the individuals who are â€Å"highly individualistic and don't promptly surrender dynamic authority.† Since I am ready to speak with my staff the desires, dreams promotion draw in my staff, I likewise have a Charismatic initiative style. I ceaselessly center around the ultimate objective, large picture and bind that enormous picture to crafted by my staff, making it feasible to my staff. One of the significant drawbacks to charming authority is that it tends to be situational, as per Robbins. Job in Company The job I might want to seek after inside the organization is that of an administrative manager. As indicated by Robbins, associations need solid administration andâ strong the executives for ideal adequacy. I feel that since I have authority and administrative qualities and attributes, I would be an incredible possibility for that specific job. In an administrative job, I am an immediate pioneer. I work straightforwardly with my staff on a one-on-one premise and in a group design; I will have more impact legitimately on my staff. As the administrative boss, I am ready to help, perceive, create, plan, and mentor/tutor my staff while observing, defining objectives, and regulating everyday tasks. This is apparent as a result of my solid parity of errand and individuals direction. Authority hypotheses material to my initiative methodology The Big Five Trait Leadership Theory is pertinent to my administration approach since inquire about has demonstrated that the huge five character factors are solid pointers for work achievement and execution. I scored high in the regions of extroversion and principles. The positive factors about scoring high on conscientiousness’s is that generally, those with good grades here have better employment execution and those are increasingly dependable, exhaustive, composed, point to design, and determined by the appraisal. These attributes are comprised with those of undertaking focused pioneers. Be that as it may, the Leadership Substitute Theory would be counter shown for the regions of subordinate, undertaking, and gathering/authoritative attributes. This is on the grounds that my staff could require little course from me as their administrator on the off chance that they have broad experience. Additionally, when staff rehashes their assignment again and again, they become capab le and don’t need criticism, however are building their own inspiration. As an assignment arranged, transformational, and alluring pioneer, I would battle more with staff who are progressively free or didn't function admirably in the gathering. I like to offer opportunity to my staff, however my style makes it important to realize what is happening in the positions consistently. End My authority style is transformational, alluring with my fundamental spotlight on task-arranged administration. I endeavor to rouse my staff, while additionally fulfilling time constraints. I concentrate better when I’m working with a group as opposed to people who do whatever them might want to do. Research has demonstrated that my initiative style is a resource for some organizations whenever used in the correct manner. This is the reason I might want a place that permits me to sparkle, start to lead the pack of a group, while concentrating on the organizations â€Å"big picture.† References Robbins, S. P., and Judge, T. A. (2011). Hierarchical conduct (fourteenth ed.). Upper Saddle River, NJ: Pearson Education. Yuki, G. (2010). Authority in associations (seventh Ed.) Upper Saddle River, NJ: Pearson Education.

The Tried and True Method for Video Essay Samples in Step by Step Detail

<h1> The Tried and True Method for Video Essay Samples in Step by Step Detail </h1> <p>Rather, the best short movies revel in a given second or feeling a character is encountering. In contrast to Hollywood, the characters aren't on-screen characters so keeping up a fantastic connection with them is essential to the consummation of the film. Regardless, your response may likewise make a general location to the full narrative without picking parts. Ensure that you watch both of different parts before watching this. </p> <p>HOW-TO VIDEO ESSAYS By Greer Fyfe and Miriam Ross on the off chance that you have never accomplished any video work it may appear to be threatening from the start however you'll see it simpler than you may suppose you work through the ensuing advances. People are as yet addressing whether its alright to retain substance of the film so as to draw out the story. Part two STORY ARC Michael's story is tied in with hitting back. </p> <p>Really, there are no guidelines for how you ought to convey what you wish to. Attempt to recollect, non-verbal communication is the significant part of correspondences. Following that, you'll have consummately done paper tests within reach, so you may utilize them as instructive devices and lift your own abilities! Use your scholastic aptitudes to search out statements, verifiable explanations and references you may join Keep your eye on the quality of the visual material you're working with. </p> <p>The reason for the repl ay being, obviously, to procure truth noticeable. It's feasible for you to see him not utilizing this hand to oppose toward the beginning and when he does he recoils in torment. My prompt response was that I wished to line this up with something other than what's expected. There'll remain an entire bundle of things you'll need to state because of an inquiry a large portion of us do. </p> <p>If you've caught the whole PC screen you may need to trim the picture. You don't need to get your whole body in the video. So it's fitting to place cash into an economical tripod. </p> <p>The video paper has developed in fame chiefly because of simple access individuals need to PCs and thoroughly free video altering program. Getting in a situation to build up an incredible video article requests that you have abilities in the utilization of video and sound altering devices. For example, if your ability is photography, don't simply win a video indicating your best pictures. Once more, in contrast to the earlier form, the evaluation of video creation matters. </p> <p>Indeed, on the off chance that one investigates pretty much any major event present on the business these days, they will see how much abuse, sexualization, and stereotypization a couple of these games contain. The idea of introducing things outwardly has ever been a tremendous aspiration. A few people break under a tight cutoff time, and a couple of individuals do their absolute best work. In the business these people are known as subjects. </p> <p>Interviews can in like ma nner be directed by visiting the Broad MBA program for someone visit. Clark can't get away from a sentiment of complete and significant duty. Part 1 is exclusively committed to investigating why we should place cash into profound work. </p> <p>In request to be certain a video article is conveyed month to month, I attempted to put a top on the aggregate sum of sources I will plunge further into. On the off chance that you like you may look on the web and discover one that you like. Contrapoints, strikingly, decides to deliver just 1 video-article every month and on the off chance that they show up, they are commonly definitely justified even despite the pause. </p> <p>You can either decide to help the contentions or thoughts in the film, or focus on contesting them. There's another way to deal with create an exposition and it has begun to be actualized by countless universities for affirmation articles along with different assignments. The training questions a re crucial! Totally free changes As the perfect paper composing administration, we might want you to feel completely upbeat about your buy. </p> <h2> Here's What I Know About Video Essay Samples </h2> <p>If you accept about, numerous music recordings are in certainty video articles, so chances are, you discover significantly more about video papers than you may might suspect. By the by, it is consoling to accept that the video article opened more flawlessly into some sort. In case you're genuinely acquiring a video article, I'm not sure how much innovative space you require, to come clean. Independent of runtime, the video paper requests a story. </p>

A Secret Weapon for Ethics Essay Topics 2016

<h1>A Secret Weapon for Ethics Essay Topics 2016 </h1> <h2>Whatever They Told You About Ethics Essay Topics 2016 Is Dead Wrong...And Here's Why </h2> <p>Life doesn't have wrong options. Others feel it's anything but a human until it has created and can support life without anyone else. Life is made out of decisions. It is better than it was 50 years prior. </p> <h2> Up in Arms About Ethics Essay Topics 2016?</h2> <p>Many additionally question the power of undeveloped cell research and whether it can possibly find solutions for ailments like malignant growth, AIDS or Parkinson's. The patient reveals to her human services supplier that she's enduring so much that she wishes to bite the dust and in certainty is likely going to execute herself. Yearly driving tests should be required over a particular age. They ought to be compulsory for the initial five years in the wake of getting a permit. </p> <h2> All About Ethics Ess ay Topics 2016 </h2> <p>Googles auto-complete capacity uses negative generalizations. An extraordinary meaning of morals incorporates doing what's ethically satisfactory or what's quite right as opposed to doing what's awful or wrong (Sims, 1992). It's the principal thing which should be broke down before looking into morals. </p> <p>The commission's executive must be free as well, and to forestall any conceivable irreconcilable situation, report just to the commission. School tests aren't viable. </p> <h2> Top Ethics Essay Topics 2016 Secrets </h2> <p>Thorough investigate work is very tedious. Morals is particularly appreciate a way of thinking on life, since there isn't any genuine strategy for figuring out what's good and bad. Clients criticism is the secret to progress. </p> <p>At whenever you discover yourself feeling enthralled by an individu exposition or article, investigate it. Consider something you're not allowed to do however wish you could. You're free to set your buy right now and spare your valuable time realizing your magnificent paper will be conveyed speedily. Clearly, you won't generally have a genuine circumstance to examine for each and every point in some cases you must get thoughts from various individuals or only apply your creative mind. </p> <p>Always contemplate the best approach to make an incredible paper structure it's a critical part scholarly composition. In case you're taking a morals course in school, you'll be relied upon to create a morals article sometime. Additionally, a whole amendment is fundamental at the end of the undertaking. Peruse and break down some convincing exposition guides to discover more concerning the structure and jargon utilized inside this sort of essay.</p> <p>Writing a triumphant paper, particularly intentionally, is an incredible method to exhibit your knowledge, yet also your hard working attitude. Select a captivating article point, and you're going to start getting a charge out of it. A few people may accept that the fabulous substance may be composed on any point and the paper achievement is needy just on the authority of the essayist. At the point when it has to do with composing, you generally get an opportunity to learn, and it is much better to gain from the absolute best of the very best.</p> <p>For the situation when you can't choose what things to convey in your discourse, we've made a rundown of themes that you may discover supportive. It is important that the issue of advance mandates and the issue of killing not be confounded. Hence, the theme should be far from being obviously true! At the point when it has to do with settling on a theme, you will have a simpler time on the off chance that you select o ne which you hear a solid point of view about. </p> <p>Inadequate authority is the chief wellspring of business chapter 11. Ordinary authority preparing is fundamental for all ventures. Having said this, most research papers will focus on a point like sweatshop work or pay off or whistleblowing. </p> <p>Use it if don't have some other thoughts! Understudies should be allowed to ask in school. School ought to occur in the nighttimes. All year school is anything but a smart thought. </p> <p>It makes it feasible for you to differ your composing upgrade your association by including connecting words. Each time you sign onto the net and visit an on-line retailer, news organization or conceivably a person to person communication webpage, PC web organizations assemble data about you. It's workable for you to watch commercials wherever encouraging you to get items which will apparently support your look. On the off chance that you might want your examinat ion to be current, and you have zero chance to show up through not insignificant records, here's a snappy accumulation for you.</p> <h2>Life After Ethics Essay Topics 2016 </h2> <p>Essays that success could end up in more extensive distributions as well, which can assist you with developing your system. Reading material should be free. They ought to never be prohibited. </p>

How to Spot Economical War Sample Essay Compilations

<h1>How to Spot Economical War Sample Essay Compilations</h1><p>Finding great financial war tests can be troublesome on the off chance that you don't know about how to go about it. The objective of this article is to offer you some guidance on the most proficient method to detect a phony from a genuine one. Despite the fact that it might appear to be a simple undertaking, there are numerous occurrences where it is fairly difficult to differentiate. This is the reason I have felt free to compose this article.</p><p></p><p>In request to check whether financial war tests are truly real, you need to realize what to search for. As a matter of first importance, you need to take a gander at the names of the organizations. On the off chance that they are not utilizing their genuine names, you should be dubious. Most monetary war tests will utilize the names of renowned individuals, mainstream films, or whatever names that can be utilized to sell some thing. Investigate a genuine organization and check whether they are utilizing those names.</p><p></p><p>The next thing that you should search for is if the organization has any experience working in remote nations. On the off chance that they don't have any involvement with working in remote nations, you should at present be dubious. You ought to likewise check whether they have any experience managing universal businesses.</p><p></p><p>The next thing that you should search for when searching for these phony organizations is in the event that they are utilizing a demonstrate innocence. On the off chance that they are utilizing a name that isn't extremely simple to articulate, or that is an exceptionally hard name to spell, at that point they are no doubt fakes. A great deal of these phony organizations have attempted to become well known with their short, one of a kind names.</p><p></p><p>You ought to likewise investigate their new resume. Normally when the new resume comes out, there is somewhat of an issue with spelling, as a great many people simply compose the words that ring a bell without verifying whether the data is precise. You should check the data that they give on their resumes.</p><p></p><p>If you check the spelling of the organization, their new resume, and their name, you ought to have the option to tell that the data is phony or a phony. Investigate the areas and see whether they have any involvement with that region. You should check whether the organization has any representatives that live in various nations and check whether they have experience working in various countries.</p><p></p><p>The last thing that you have to investigate is their sites. As you most likely are aware, with regards to sites, they ought to be forward-thinking and everything ought to be all together. On the off chance that you don't see anything on t heir sites that appears to be strange, at that point you ought to be dubious. There ought to be one site and it should be dynamic all the time.</p><p></p><p>The last thing that you should search for is if the organizations that they use to help their items are truly real. There are a considerable lot of these organizations that are simply making up these things to get your cash. A ton of these organizations don't have a site any longer, so it is extremely difficult to make sense of what their identity is. Search for organizations that have a substantial permit to operate and can demonstrate that they have been around for some time and are truly legitimate.</p>

Teaching Bible Essay Topics

<h1>Teaching Bible Essay Topics</h1><p>As an instructor I've frequently discussed how it's essential to show the book of scriptures exposition points that understudies know. In any case, I likewise need them to have the option to dive into every point so they can make sense of what they have to know. Here are a few hints on the most proficient method to do that:</p><p></p><p>When you initially get your poisonwood book of scriptures exposition points, utilize the tip above. Pick a theme that will intrigue your understudies. Make a definition for the theme. Give them a diagram of the terms and the most significant things that understudies should think about the topic.</p><p></p><p>From there, it's extremely simple to utilize the pursuit confine your own site to discover inquiries for your understudies. This can spare you significant time and now and again will make it simpler for you to try out the topics.</p><p ></p><p>Let your class conversation go to the meat of the issue. Rather than attempting to stick them in a conversation and getting them to recollect things that you previously secured, call them or a stroll through of the point. Permit your understudies to figure out it before getting into the meat of the lesson.</p><p></p><p>As you read the poisonwood book of scriptures paper themes, you should concentrate on the most significant pieces of the material. Don't simply bounce directly into a total synopsis of what the theme is about. A synopsis can in some cases divert understudies from the fundamental point.</p><p></p><p>If you will do this, return and give them an incredible outline of the material. Try not to spend an entire class period simply removing time from the principle material.</p><p></p><p>Finally, in case you will incorporate a challengein your poisonwood book of scriptures paper them es, utilize the last piece of the conversation as the test. Make it somewhat fun by having them work with you to think of a solution.</p><p></p><p>Students need to get the key focuses and the significant data to pass this course. The more they know, the more ready they'll be for future book of scriptures classes.</p>

E - Business - Individual Essay - Free Essay Example

Course: BA (Hons) in Accounting and Finance Module title: E-Business Coursework: Individual Essay In this modern era, successful e-commerce firms have business models that create value to the firms, therefore the focus will be on how online social networking firms have takes advantage of the modern technology to turn into good business ideas. Thus, what will be cover in this essay is on the business model and strategies of the selected social networking sites (SNS). Facebook and Twitter are the examples of SNS that will be used. Firstly, it is important to state how technology has evolve in the modern world because this relates to how SNS grown from the past. Therefore, history and the rise of social media will be one of the first area will be cover. Besides that, the following area that will be cover after history of social media is business strategy used by these two firms. An effective e strategy will keep the firm to sustain and grow but if these firms do not keep track with it closely might give them problems in the future. The next part that will be touching on is to look into detail of the business model on these two social networking firms. Different social networking firms have different business model, it shows the strength of these SNS. Besides that, comparison between these social networking firm business models will be made so it can understand how one is better than the other one in different ways. Lastly, risk face by SNS and the future of social media is another aspect that has to ta ke into account. Technology evolve in a very fast pace and is so popular nowadays compare to the past, whether is young or old, almost everyone uses internet. Some use for personal interest such as games and watching videos, some use it for online shopping and some use business purpose. Because of this reason, it also gives firms opportunity to enter into e-commerce and capture the business based on customerà ¢Ã¢â€š ¬Ã¢â€ž ¢s preference. Understanding the needs of customers is one of the most important factors that firms have to look into. In the past decade, the rise of online social networking has been very popular and it is something that almost everyone in the world what is it about and uses now. Social network is an internet-based social media program that enables to make connections between friends, family, clients and customers. In other words, it can be done for social purposes, business or both. Facebook, Twitter, Instagram, LinkedIN are some of the examples of popular SNS. It is important to understand how social networks started and have grown into a big business. When social networking sites were first introduced, one of the very first useful and popular features that make social networking popular is that users can locate back their long lost friends. As time pass, there are more and more features that create joy and fun for users to use and it become a hit. Societies and people started to be aware of social networking when Friendster was introduced in Year 2002, it has 3 million users in the first three months. After that, social networks sites such as LinkedIn, Facebook and Twitter are one of the top social networking sites that came into the market and turn social network into to be something to be known to the world. It is true that the use of and popularity of Social Networks grown over the years. The reason behind it is the additional features that bring more benefits to users. Among all the social network sites, Facebook is the on e that won the web. Innovative features that puts Facebook ahead of the rest. In 2009, Facebook ranked as the most-used social network worldwide with more than 200 million. As we understand handset culture has rise over the years, therefore this has even made social media more popular as it becomes part of humanà ¢Ã¢â€š ¬Ã¢â€ž ¢s daily lives. For instance, in year 2011, there are 550 million people on Facebook, 65 millions tweets sent through Twitter in a day. Social media was on the rise along with mobile social media smartphones and tablets computers. It allows users to be connected with each other constantly and provides real time interaction and users do not have to wait until they get home to update their status or see their notifications. Smartphone and social media are two mediums that work together and represent the two most popular ways to keep in touch with friends. And because mobile technology is getting better and better, there are more people who access social network s via smartphones and tablets than computer. Besides that, many countries around the world heavily engaged with social networks such as United Kingdom, United States, Canada, China, Japan and etc. Since social media is so popular, many businesses change their landscape for marketing and advertising. The reason that businesses should use social media for advertising is to create brand awareness. It not only able to reach more customers, it is also able to monitor competitorà ¢Ã¢â€š ¬Ã¢â€ž ¢s latest updates and news. In terms of business strategy, Facebook and Twitter do have similarities. Both adopt diversification strategy. The way it diversifies is by acquiring its competitors. For an example, Facebook acquired Instagram in year 2012 and acquired WhatsApp this year, whereas Twitter acquiredf Namo Media and MoPub. One of the main reasons of acquiring these companies is to eliminate the competitors. Because competitors pose threats to them, an effective way of reduce the threa ts is eliminating its competitors which is what Facebook and Twitter did. Apart from this, Facebook also diversify by creating its own application, Facebook papers. Facebook paper is an application for Facebook users to discover news and share it with friends on the social network. Its feature is almost similar to Flipboard. Thus, besides having its own social site, it also expand to other areas by diversifying. For any e-commerce firms to be successful, an effective business model is needed. Business models separate into different components such as value proposition, revenue model, competitive environment and competitive advantage. The most simple reason that organisation need business model because it is a base or a guideline to lead organisation to make money. A business model is about how organisation solve customerà ¢Ã¢â€š ¬Ã¢â€ž ¢s problem in a profitable way and it will be a very useful business formula oganisation can use to understand it. With an effective business mod el in place, it able to create unique qualities of the web, provide customers real value, effective and efficient operation, avoid any legal issues that will affect the firm in a negative way, and as a result it will turn into a profitable business. As we understand that most of the SNS are free for users to register and use it, they cannot rely on users for revenue; therefore they need a unique business model in place to produce revenues and profits. There are reasons behind the success of social network sites. By having an effective business model is the key factor why some social network sites are better than another. As it mention above, Facebook and Twitter will be the two examples that will be used to discuss on their business model. It will be understandable that most of the people would agree that Facebook has the best business model among the social network sites because it is the most users. Therefore, by looking into detail in each of these components enable a bette r understanding on what that makes Facebook so special and standout against the competitors. Value proposition is one the first component of business model. It concern on how SNS create value to businesses that uses it as a tool to conduct their business. Facebook and Twitter have different value proposition. There are approximately 1.4 billion Facebook users at the moment. One of the very obvious answers is to advantage of the number of Facebook users. This is good reason why should business advertise their business on Facebook Average of 700 million users per day shows how active is Facebook is. Due to this reason, it will be a good start for business to use this as a platform to advertise so that customers will be aware of their firm and latest news or products. To relate to this point, firms can use as a marketing strategy at low cost. This will be very useful for small and medium firms with limited budget. Based on this reason, it is clear enough why firms should use Faceboo k as a tool conduct the business. On the other hand, Twitter have more or less similar value proposition as Facebook. There are about 650 million users currently. Twitter strongest advantage or its value proposition is the real time conversation and feedback and this is an area where there are slight difference compare to Facebook. The databases of tweets consists of comments, observations and opinion of the audienc leads to search engine that mines these tweets for patterns and therefore, these are real-time and spontaneous obversations that business. Business environment is very competitive in the modern world, it need to interact customers in a very fast pace and understand the needs of customers and their feedback. Statistically, 92% of all activity with Tweets happens within the first hour of the post being made. Compare it to Facebook status updates, the interaction will continue to go on for hours or days. For instance, Snickers posted a similar status on Twitter and Faceb ook : à ¢Ã¢â€š ¬Ã…“Hey @luis16suarez, Next time you are hungry just grab a Snickersà ¢Ã¢â€š ¬Ã‚  As a result, it got 39,000 retweets and 17,000 favourites but it only have 5,000 likes, shares and comments on Facebook. Therefore, Twitter will be a better choice if business that prefer instant feedback from customers. In addition, firms can also use Twitter with low cost like Facebook. Furthermore, revenue model is also part of key component of a business model that needs to take into consideration. The way Facebook generate its revenue is by firms advertise their business in Facebook. Some of the examples of big spenders are Nike, Electronic arts and McDonald. Facebook rely on user engagement to ensure viability of site for external investors. Whenever users click on the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s advertisement page, it will cost them range from 5 cents to 5 dollars to Facebook for every click. In addition, Facebook revenue do not only come from advertising, it also due to large part to its virtual games. For example, for the first quarter of 2012, 186 million US dollar revenue generated from non-advertising, such as selling credits for game like Farmville. As for Twitter, revenue also comes from advertising. 85% of Twitterà ¢Ã¢â€š ¬Ã¢â€ž ¢s revenue comes from advertising of its sites. Promoted Tweets is part of Twitterà ¢Ã¢â€š ¬Ã¢â€ž ¢s advertising. Twitter charge its advertisers based on the amount of interaction their content generates, there is usually a budget set at the start of campaign and advertisers pays per click or by per tweet. It also has a bidding system where advertisers able to compete with each other to have their content appear in a particular space. Promoted Trends is another way Twitter generates its revenue. It is a section where Twitter home page that allow users to know the popular news and whatà ¢Ã¢â€š ¬Ã¢â€ž ¢s hot. An organisation able to place Promoted Trend banner at the top of Trend Section and when users click on it, it will lead the users to the follower page for the movie or product. Promoted Trend is reportedly to be Twitterà ¢Ã¢â€š ¬Ã¢â€ž ¢s best source of revenue. Unlike Facebook, it does not have feature where it can generate revenue through virtual games due to its simplicity. Competitive environment will be another important element of a business model. It refers to what other companies or competitors in the same marketplace that sells similar products. SNS is very competitive industry, each of these SNS are competing for market share. Both Facebook and Twitter have many competitors. Many SNS see it as a business opportunity to attract firms to use their site as a platform. Facebook and Twitter itself is a biggest competitor to each other but there are some other big competitors such as LinkedIn, Pinterest, Google plus and etc. In addition, Facebook and Twitter have unique competitive advantage is the reason they are in firm position compare to competitors but they have different fe ature or platform that make them unique. First and foremost, Facebook platform is key to Facebook current success. What make them special is it made it possible for third party developers to create application that work together with Facebook. And this is where it gain massive amount of attention. Currently, there are thousands of applications built on Facebook platform, it is so much that Facebook has to launched its own App Store to organize all of it. Twitter competitive advantage is more or less the same as its value proposition. What makes Twitter special is its real time sharing and spontaneous observations. Although SNS such as Facebook and Twitter generate most of their revenues from business that advertise on its platform, it still faces issues that result in reduction of profit. There are certain factors which are out of its control such as government control. For instance, Facebook and Twitter are blocked in China. China has the biggest population in the world and it i s massive of advertising revenue opportunity. It is not only a missed opportunity but it also creates advantage to its competitors. As RenRen is new leading site in China, it could pose threat to top SNS such as Facebook and Twitter because if RenRen expand and move out of China. Besides that, bad publicity could also be another factors could have a negative effect on SNS. Government surveillance, child molesters and stalkers are some of the examples. Bad publicity affects its reputation, as a result, it will be hard to retain users and this relates to associated revenue. Since many firms are using social media for marketing and advertising purpose, the future of social media is an important factor to consider too. Facebook and Twitter might be the leading SNS that business use for advertising currently, but whether both of these can sustain as the top in the future is an area that have to take into consideration. Because there are e-commerce firms are heavily relying on technolo gy or Facebook in order to conduct their business, it will also directly affect firms that rely on Facebook if Facebook cannot sustain its popularity. Based on the recent development, social media in the future might be open source or even community-run. One of the good examples for it is Diaspora, this site function as a small, open-source, community social network that is almost similar to Facebook in terms of appearance and operation. It is growing well since it was introduced. No SNS have overtake Facebook or Twitter, but unstable landscape of internet in this modern era, there is a possibility it will not remain true in the future. As a conclusion, we understand that technology evolve very fast, it create more and more business opportunities and it is important that businesses take technology into consideration in this competitive business environment. As SNS is seen as a very useful platform for business to use, it is important for it to cope with competitive business envir onment. As a result, business model and business strategy of Facebook and Twitter were analyse in detail to get a good understanding of it. Examine the similarities and differences between Facebook and Twitterà ¢Ã¢â€š ¬Ã¢â€ž ¢s business model and business strategy is an important aspect because it shows how their platform provides benefits to the business in a different way. Reference The Brief History of Social Media. 2014.The Brief History of Social Media. [ONLINE].Available.at:https://www2.uncp.edu/home/acurtis/NewMedia/SocialMedia/SocialMediaHistory.html. [Accessed 02 August 2014]à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ The History of Social Media | Digital Trends. 2014.The History of Social Media | Digital Trends. [ONLINE] Available at:https://www.digitaltrends.com/features/the-history-of-social-networking/#!bpWb7N. [Accessed 02 August 2014]. Social Networking Definition | Investopedia. 2014.Social Networking Definition | Investopedia. [ONLINE] Available at:https://www.investopedia.com/terms/s/social-networking.asp. [Accessed 02 August 2014]. 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