AFTA

• The ASEAN Free Trade Area

• a trade union agreement by Association of Southeast Asian Nations

• supporting local manufacturing in all ASEAN countries.

GOALS

The primary goals

+ Increase ASEAN's competitiveness through the elimination, non-tariff barriers…

+ Attract more foreign direct investment to ASEAN.

• Impact on trade activities

• Enhances the competitiveness of Vietnamese products in the regional market

• Seeking & determining comparative economic advantages

• expanding in sectors w. heavy labour & natural resources content

• increasing slightly in high capital and technology…

Challenges

• Competition

+ Development levels of ASEAN members vary greatly

+ Developing processing industries, exporting to many countries in the region and in the world

+ Vietnam’s economy is still under

• Similar Similarity

+Export structure is similar to other members’

+the latter have a higher development level and using higher technologies.

+Vietnam has not held key sectors or potential products, poor product competitiveness .

• Inactive in doing

• +Most Vietnamese enterprises still inactive in approaching markets, seeking customers.

• +Quite low value added products. Not meet new requirements imposed by the market

• + The overall rate of industrial equipment improvement is low at 10-11%. These affect the enhancement of the product quality and the reduction of production cost.

1. Solutions Policy

• formulate and implement external policies

• reform internal policies in harmony with international standards.

• revise its investment policies in both domestic sectors and foreign trade.

2. Production

• deepen domestic pro. appropriate w. new situation

• not creat any negative social shocks.

3. Human resouces

• plentiful, ><Weeknesses

• inefficient with regards to its ASEAN affiliation.

• reforming: education, training, maintenance…

• the challenges aheadàenormous à overcome àimplement simultaneously and efficiently a wide range of policies

• The success à depends on à legal, administrative systems, reforming the banking and financial sector….

WTO

Opportunities

The removal of tariff barriers and quotas

- Accessing to latest technologies

- Promoting exports

Bringing big inflows of FDI and perfect human resources

- Improving the domestic labor force

- Perfecting the qualifications of its human resources

- Equaling to other WTO members

- Avoiding being solitary in the business world

Challenges

- Tariff reduction

- Elimination of non-tariff barriers 

-> heavy competition in domestic market

- Products of low competitiveness

are defeated by foreign products

-> poor companies goes bankruptcy

-> unemployment rate increases

- The big gap’s technology and education level between Vietnam and others

- Cope with powerful competitors

->companies will not be protected as trade conflict happened without transfer

Solution

People should be fully aware of the WTO

Vietnam should be active integration spirit into the international economy

Enterprises force to make greatest efforts to increase the competitiveness of their products

Tactful negotiation complying with international laws, conventions, regulations

FAIRTRADE

“Fair Trade is a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade”

key principles of fair trade

1. Creating opportunities for disadvantaged producers

• Poverty reduction through trade forms a key part of the organization's aims

• The organization supporting marginalized small producers.

2. Transparency & Accountability

• Being transparent in management and commercial relations

• Findding appropriate, participatory ways to involve employees

3. Fair trade practices

• Concerns for the social, economic & environmental

• Fair Trade recognizing, promoting and protecting the cultural identity and traditional skills of small producers

4. Payment of a Fair Price

• Having been mutually agreed by all through dialogue and participation

• Fair-pay meaning provision of socially acceptable remuneration

5. Ensuring no child labor and forced labor

• Adhering to the UN Convention on the Rights of the Child, and national / local law on the employment of children

• No forced labor in its workforce and / or members or homeworkers.

6. Commitment to non-discrimination, gender equity & freedom

• No criticism others on religion, disability, gender, sexual, age...

• Providing opportunities for women and men to develop their skills

• Taking into account of health care and right protection

7. Ensuring good working conditions

• Providing a safe & healthy working environment

• Working hours & conditions comply with local laws and ILO conventions

8. Providing Capacity Building

• Increasing positive developmental impacts for small producers

• Developing skills and capabilities for employees

9. Promoting Fair trade

• Raising awareness of the aim of Fair trade

• Providing customers with information on corporation, products, producers...

• Honest advertising and marketing techniques

10. Respecting the environment

• Maximizing the use of raw materials from sustainably managed sources

“Fair trade coffee is coffee that is certified as having been produced and marketed to a stated set of standards”

1. Ethical basis of criticisms

• Consumers paying high price with the belief of helping poor farmers

• This money actually not reaching farmers and producers

2. What happens to the money

• Little money reaching the Third world

• Less money reaching farmers

FAIRTRADE AND FREE TRADE

Fair Trade and Free Trade now become 2 popular trends all over the world . In which, Fair Trade is considered as more humanitarian method . Many company now are express their concerns about good side and downside of fair trade as well as free trade . In this presentation. We’ll show you an overview about ‘’ what are

the differences between fair trade and free trade? What are the arguments for and against fair trade.’’

Free trade

The unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas (non-tariff barriers). Free trade is a win-win proposition because it enables nations to focus on their core competitive advantage(s), thereby maximizing economic output and fostering income growth for their citizens.

Features of free trade

- Trade of goods without taxes, other trade barriers (e.g. quotas on imports), or “trade – distorting” policies like subsidies that give some firms, households or factors of production an advantage over others.

- Free access to market

- Free access to information

- Free movement of labor between and within countries

- Free movement of capital between and within countries

Fair trade

Fair Trade is a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers .

Fair Trade organizations have a clear commitment to Fair Trade as the principal core of their mission. They, backed by consumers, are engaged actively in supporting producers, awareness raising and in campaigning for changes in the rules and practice of conventional international trade. They can be recognised by the WFTO logo.

For example, it can be understood as a movement which strives for fair treatment for farmers. In a fair trade agreement, farmers, who in other situations might be more susceptible to the will of the purchaser, will negotiate with the purchasers in order to receive a fair price for their products. Farmers who engage in fair trade also aim to pay their workers a fair price, and engage in environmentally-friendly practices.

Features of fair trade

- Creating opportunities for economically disadvantaged producers- Transparency and accountability

- Developing producers’ independence

- Fair pay to the producers, equal pay for, equal work by men and women

- Fair traders ensures prompt payment to their partners

- Gender equity: women’s work is properly valued and rewarded

- Working conditions: safe and healthy working environment for producers, labor. The participation of children (if any) does not affect adversely their well-being, security, educational requirements and need for conforms to the UN Convention of the Right of the child as well as the laws and norms in the local context

- Environment must be protected

II. Differences between Free trade and Fair trade.Free trade means that the producer (farmers, small business owners, manufacturers, etc.) who harvested the coffee beans sold them without the interference of the government's tax or monetary gifts - tariffs, subsidies, price controls or pork-barrel politics. Sounds pretty good, right? For some, it is. Free trade proponents believe that leveling the playing field among producers from all nations is the best way of matching global supply to demand while making all people involved more prosperous.

Though by some accounts, free trade leaves producers in developing countries at a disadvantage. In those countries, producers lack social security and other safety nets that would help them hold out on selling their wares during times when prices are low. While producers in more prosperous nations can wait to sell at times like these, their counterparts in developing nations must sell immediately. As a result, they lose a lot of money.

Fair trade means you believe there are some rules in trade that must be placed in order to provide for producers who have disadvantages in a free market. If you buy a fair trade cup of coffee, it means that the farmer who harvested the beans in a developing nation had some help getting his specific product to you. Fair trade aims to help producers in developing countries obtain better trading conditions and gives an extra boost to those producers who promote sustainability (that is, eco-friendly agriculture). Rather than leaving environmental standards and wages up to the market, fair trade actively pushes for higher price for producers as well as social and environmental standards.

Opponents of fair trade say that any solution that favors one group over another harms growth overall. Producers in developed countries, for instance, resent having to compete with what they call cheaper, lower-quality imports. The agreement, they say, is unfair because developing nations often sell more of their product but end up buying less from other countries.

The table below will help clarify the key differences between the two terms.

Free Trade Fair Trade

Main goal:To increase nations’ economic growth

To empower marginalized people and improve the quality of their lives

Strategy:Profit is the overriding concern

Balances concerns for people, the planet, and profit

Primarily   benefits: Multinational Vulnerable farmers, artisans and

corporations, powerful business interests

workers in less industrialized countries

Critics say:

Punishing to marginalized people & the environment, sacrifices long-term relationships

Interferes with free market, inefficient, too small-scale for impact

Financing:

Payment is received at time of shipment; credit is sometimes extended by informal lenders at exorbitant rates.

Businesses offer producers advance credit with low- or zero-interest for income during lean seasons between harvest/production cycles

Producer compensation determined by:

Market & government policies

Living wage & community improvement costs. Technical assistance and training build broader skill set, and social premiums invest in social projects that benefit all residents.

Supply chain:

Includes many parties between producer and consumer; seeks out lowest-cost labor and raw materials, often through exploitive middlemen.

Includes fewer parties, more direct trade. Disadvantaged groups are made partners in the fair trade supply chain.

Marketing:Marketing is directed at increasing profitability

Marketing is driven by consumer education and advocacy that leads to socially responsible business innovations.

An increasing number of salespeople in your company are resigning while your company is going to launch a new product soon. Hold an executive meeting to solve the corporate problem.

I. Disagreement between superiors and staff.

There are many reasons for this issue. First of all, it is distance between staff and

boss. Some employees said that they feel nervous and uncomfortable when they

see high chiefs. Besides, strict regulation is also seen as one of hindrances in

working process of many staffs. While answering question for the survey, they

expressed that due to characteristic of their job, some regulations seem to be not

reasonable. Moreover, the disagreement between employees and superiors often

comes from lack of incetive policy for sale department. These programs are seen as

the best motivation for employees to inspired them in their job and provide

company to gain more profit

II. Low salary.

Low salary is one of the reasons make salepeople leaving their job, which

result in a lot of difficulities in their life.

With a much narrower view, there are recently a lot of complains about the

company given by salepeople. They sadi that company pays for them too low for

covering the expenses of their family, which causes difficulties in daily

expenditures such as: meals, children tuition, utility account, daily purchases. All

of them put high pressure on their life.

Competitiveness in working environment and no solidarity among employees

Competiveness for higher promotion in career are also seen as cause of this

problems. Anyone know that if they are better than others, they will get better

choices, higher promotions in career. As demand pyramid, all of us want to satisfy

about beautiful houses, modern car, and more than that we expect to be respected

and be in high hierarchies. And of course, naturally, they don’t want to work under

others’ control but control others.

Besides,there is lack of team work in company. It can be seen that staffs in

department do their work individually. They avoid working with others, and

leading to lack of team work. The achievement is not too bad, but not too much

effective. There seems to be a cold war in department. People do their own work

and deny communicating with others. This discourages dynamic and enthusiasm

employees, they will find for other better dynamic and active working

environments.

Topic: Why do some negotiations fail? What are the tips for a successful negotiation?Negotiation is a dialogue between two or more people or parties, intended to reach an understanding, resolve point of difference, or gain advantage in outcome of dialogue, to produce an agreement upon courses of action, to bargain for individual or collective advantage, to satisfy various interests of two people/parties involved in negotiation process. Negotiation is a process where each party involved in negotiating tries to gain an advantage for themselves by the end of the process. Negotiation is intended to aim at compromise.

Negotiation occurs in business, non-profit organizations, government branches,

legal proceedings, among nations and in personal situations such as marriage,

divorce, parenting, and everyday life

I. Reasons for negotiation failure.

To get the perspective you need to perform your negotiations and get the most from your deal, it is important to understand why some negotiations fail. Here are some common causes:

Planning poorly. Pre-negotiation homework should be extensive and detailed. Things to consider before talks: your bottom line, your walkaway point, and time constraints. Don't forget to consider alternatives in case you fail to reach an agreement.

Failure to listen. Successful negotiation hinges on understanding your opponent's point of view and how he might evaluate your offer. Neale suggests "framing" your position to your opponent -- i.e., presenting your offer in such a way that your opponent understands your view. This technique allows you to influence the level of risk your opponent will accept.

Being insensitive to cultural factors. Cross-cultural negotiations are not always just like negotiations at home. Understanding cultural differences can create huge benefits; ignoring them, on the other hand, can result in big problems.

Failure to establish the bases of negotiation. To reach the most benefit from the negotiations, negotiators must begin the talks by clearly establishing the bases of negotiation. Lack of clarity at this important stage can cause missed opportunities.

II. Tips for a successful negotiation.

Negotiation is a technique employed to avoid conflicts and decide something which would benefit all. Individuals negotiate with each other and try to reach a solution satisfying all. Negotiation is impossible unless and until individuals learn to compromise to some extent and stop finding faults in each other.

Preparation - It is essential that an individual prepares well for negotiation. Remember if your company has chosen you for the negotiation with an external party; they must have noticed some spark in you. No way you can let them down and must try hard to live up to the expectations of your superiors as well as your organization. Accept the challenge willingly; don’t accept anything out of fear. You will never be able to do anything great. Go through all the relevant details carefully. If you are not clear with anything, do clarify with your superiors beforehand rather than going for a negotiation with a doubt in your mind. If you yourself are not clear with the details and facts, you would never be able to convince the other party.

Staying alert - Keep your eyes and ears open during negotiation. Remember the other party would try hard to convince you and impose their decisions on you. You don’t have to fall a prey to the other party. If you are not in a mood to negotiate, it

is always better to postpone it rather than messing up things.Confidence - Confidence is the key to an effective negotiation. A professional needs to be confident enough to make his points clear in front of the other party. The other person can ask you anything and you can’t afford to be nervous in front of him. Be intelligent enough to answer all his questions. A confident person always leaves his impression on others and people look up to him.

Being cautious - Be very careful with your paper work. Study the papers carefully and do take all the necessary documents along with you when you are going for any negotiation

Avoiding delays - One should always reach for business meetings on time. Don’t keep the other party waiting. If the time for the negotiation is 10 am make sure that you are there at 9.45 am. Time is precious for everyone and one should make the best use of it.

Understanding the other person well - For an effective negotiation, it is important that you understand the needs and expectations of the other person as well. It is natural to be more concerned for one’s own things, but one must not also ignore the other person’s interests as well. Remember he has also come for business. It is important that both the parties are involved in a healthy discussion on an open forum and evaluate the pros and cons of the plans carefully to decide something which would be beneficial to all. Never underestimate anyone. Make sure that everyone is happy after the negotiation. No one should complain.

Always have an alternate plan with you - If your plan A fails, make sure you are ready to present your plan B. An option is important. You should not rely on a single plan. You never know which plan would click with others.

Be a good communicator - Clarity in thoughts is important and ideas must be communicated clearly to the other person. Don’t try to confuse others. Make sure you don’t adopt a casual approach. Use relevant words. Add professional jargons and corporate terminologies in your speech. One should be careful about his pitch and tone as well. Pitch should neither be too high nor too low. It must be audible to everyone.

Be patient - Negotiation needs time and one ought to be patient enough to interact, understand the second party and make his points clear. Don’t try to wind up the negotiation quickly. Never impose your decisions on others or rush for conclusions.

Three types of financial documents and their importance to the company

A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity. For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements. They typically include four basic financial statements, accompanied by a management discussion and analysis:[1]

Financial Statements represent a formal record of the financial activities of an entity. These are written reports that quantify the financial strength, performance and liquidity of a company. Financial Statements reflect the financial effects of business transactions and events on the entity. -

1. Income Statement

The income statement shows all items of income and expense for your arts or crafts business. It reflects a specific time period. So, an income statement for the quarter ending March 31, shows revenue and expenses for January, February and March; if the income statement is for the calendar year ending December 31, it would contain all your information from January 1 to December 31.Income statements are also known as statements of profit and loss or P&Ls. The bottom line on an income statement is income less expenses. If your income is more than expense, you have a net profit. Expense more than income? You have a net loss.

Income Statement, also known as the Profit and Loss Statement, reports the company's financial performance in terms of net profit or loss over a specified period. Income Statement is composed of the following two elements:

Income: What the business has earned over a period (e.g. sales revenue, dividend income, etc)

Expense: The cost incurred by the business over a period (e.g. salaries and wages, depreciation, rental charges, etc)

Net profit or loss is arrived by deducting expenses from income.-

2. Balance Sheet

Accounting is based upon a double entry system - for every entry into the books there has to be an opposite and equal entry. The net effect of the entries is zero, which results your books being balanced. The proof of this balancing act is shown in the balance sheet when Assets = Liabilities + Equity.

The balance sheet shows the health of a business from day one to the date on the balance sheet. Balance Sheets are always dated on the late day of the reporting period. If you’ve been in business since 1997 and your balance sheet is dated as of December 31 of the current year, the balance sheet will show the results of your operations from 1997 to December 31.

Statement of Financial Position, also known as the Balance Sheet, presents the financial position of an entity at a given date. It is comprised of the following three elements:

Assets: Something a business owns or controls (e.g. cash, inventory, plant and machinery, etc)

Liabilities: Something a business owes to someone (e.g. creditors, bank loans, etc)

Equity: What the business owes to its owners. This represents the amount of capital that remains in the business after its assets are used to pay off its outstanding liabilities. Equity therefore represents the difference between the assets and liabilities.

3. Statement of Cash Flows

The statement of cash flows shows the ins and outs of cash during the reporting period. You may be thinking – well who needs that type of report? I’ll just look at the checkbook. Good point, unless you’re reporting things that don’t immediately affect cash such as depreciation, accounts receivable and accounts payable.

If I could only choose one of those three financial statements to evaluate the ability of a company to pay dividends and meet obligations (indicating a healthy business) I would pick the statement of cash flows. The statement of cash flows takes aspects of the income statement and balance sheet and kind of crams them together to show cash sources and uses for the period.

Cash Flow Statement, presents the movement in cash and bank balances over a period. The movement in cash flows is classified into the following segments:

Operating Activities: Represents the cash flow from primary activities of a business.

Investing Activities: Represents cash flow from the purchase and sale of assets other than inventories (e.g. purchase of a factory plant)

Financing Activities: Represents cash flow generated or spent on raising and repaying share capital and debt together with the payments of interest and dividends.

Statement of Changes in Equity

Statement of Changes in Equity, also known as the Statement of Retained Earnings, details the movement in owners' equity over a period. The movement in owners' equity is derived from the following components:

Net Profit or loss during the period as reported in the income statement

Share capital issued or repaid during the period

Dividend payments

Gains or losses recognized directly in equity (e.g. revaluation surpluses)

Effects of a change in accounting policy or correction of accounting error

Accountancy is a good career choice

Accounting has been around since the beginning of trade. Through the years of ongoing development, it has become a major player in the professional spectrum.

Today, it continues to accommodate a great number of business professionals around the world. Careers in accounting are flourishing due to the increased demand for its services. It is indeed one of the most promising professions.

Accounting or accountancy is one of the best careers to pursue today. Accountants are always in demand and the fields or jobs that you can choose from are many. This means that there are a lot of opportunities for a career as an accountant and you will also have a lot of career choices. Every sector and every industry needs accountants.

Educational requirements for accountants are minimal for entry level possitions. You may obtain an Associate's Degree in Accounting entirely online to get started in the industry. Much of your learning will be on the job. However, if you want to get ahead, it is advised to continue your education to obtain a Bachelor's degree and even go for your Certified Public Accountant designation to be the most marketable and command the best salaries.

In accounting, there are many benefits. You will be able to you gain experience in the field of accounting as well as learn a lot about the inner workings of businesses. Accounting will teach you on how to organize and run your own business, too.

In fact, quite a few successful entrepreneurs started out as accountants. The knowledge they gained in this line of work eventually paid off and they are now continuing to build a business empire.

Basically, their are two required skills to be successful as an accountant. The first is your analytical skills and the second is your computer skills.

Accounting also requires having good attention to detail as well as knowledge about computers. The accounting profession requires an entirely different set of skills than many other career paths.

Additionally, you don't need to know how to socialize with other people. You will work in a self-paced environment and you also do not need a high amount of initiative. We're not saying that accounting is much easier than other jobs, but it just means that it is different. It basically separates this profession from other types of careers.

The best feature in becoming an accountant is that you really don’t need special skills or talents in order to excel. The skill set may be learned and developed.

In accounting, the best thing about it would probably be the great pay. In fact, during your fist year as an accountant, it is very possible that you can earn as much as $55,000 a year. After ten years, you may be earning six figures. However, this may only be achieved with patience and with dedication to your work.

If you want to succeed in this field more quickly, then furthering your degree in accounting is the way to go, such as earning an MBA degree.

As you can see, it is not surprising why accounting is a very popular career choice. Although a lot of people are considering this type of career, you can be sure that you will never run out of jobs as an accountant as the need for accountants in all industries and sectors is growing.

So, if you want to be successful and you are looking for a good career choice, an accounting or accountancy career can be your best choice.

How Does Technology Help Accounting?

Technology has allowed for many advances in the practice of accounting in recent years. Many forms of automation in recording, storing, managing and analyzing data are allowing accountants and the companies they work for expand their financial capacities by receiving more accurate, timely and beneficial information than ever before.

Past Practices

Historically, accounting was performed in columned ledger books and required hours to record relevant information. Each transaction was recorded in daily activity, then summarized into monthly results and quarterly, annual and comparative reports. One or more clerks were responsible for recording this data legibly by hand, many using ink pens that would lead to reworking a page with too many accidental ink blots. Those using pencils and erasers had some flexibility and could then "ink over" final results, making the ledger book permanent. Storing the data took lots of space and there was always risk of fire, flood or other disasters. Along with the large amounts of manual labor and repetitive, almost mindless work, there existed a risk potential for error in the data, both in recording the data accurately and in calculating the results. These errors carried forward, polluting the data and making it more difficult to understand the reality of business results for managers, owners and investors.

Enter Technology

The advent of the mainframe computer and now the personal computer have greatly increased the ability for automation in gathering, maintaining, analyzing and reporting accounting data. Initial programs gathered data into one place. This removed some of the risk of bad information being recorded and allowed accountants to utilize better data, trading the day-to-day recording processes for additional duties each month, a prime example of technology reducing the necessary workforce.

Then the miracle that is the spreadsheet came into being. All of a sudden, accountants and managers were able to manipulate data in a multitude of ways to present information much more quickly than ever before. Mathematics and statistical analysis were now much easier to incorporate in reporting on financial results. Most companies now use some sort of spreadsheet technology within their accounting functions. Virtually all new personal computers come with a pre-installed spreadsheet program.

Advances Continue

Accounting software has continued to improve. Every business function that generates numerical data can be and usually is connected with financial reporting. Fully integrated software packages such as SAP and Oracle, along with many others available in the marketplace, allow companies to set up how data will be input into the systems and how that data links into the accounting function for immediate and later use. There is a price tag for this level of performance, both in acquiring and implementing the software system, and in the number of users required to gather all of the data desired by the company. In today's business environment, all large companies have systems of this nature, and need them up and running to ensure they can remain competitive.

Data Security and Storage

All of this data has to be kept somewhere, and access to the data needs to be effectively restricted to those approved to access it. There are minimal security measures available in all computers now, but for multiple-user databases and reporting systems, there needs to be more. Accounting software packages have taken this into account and allow for security set-up based on business function, based on customer user setup or a combination of these and other factors, to be managed by a system administrator.

Data storage and backups are now easier to handle. Companies can utilize external permanent storage devices such as CDs, DVDs and zip discs. Electronic data storage options include external hard drives and tape drives that are easily separated from systems and controlled either on-site or off-site. For larger data concerns, there are even companies who store and secure data in one or more off-site locations to further dilute the risk of data loss.

Business Intelligence

A recent advent in technology is business intelligence (BI). Basically, this is an analysis tool that allows all sorts of business data to be summarized in virtually limitless formats depending on the user's requirements. Data is gathered daily or even up-to-the-minute and imported into the BI software database for use in analysis as needed. A common use is a dashboard, showing many key performance indicators (KPI's), that is updated within the BI system. Three common KPI's are sales volume, average revenues per unit sold and daily production results. Decision-makers in a company can use this information to guide them in how to move forward.

New Direction

Business intelligence has traditionally been used as just another way to report information, but not necessarily used to improve a business. Companies are now seeing the benefit in reviewing what data they need to gather and how best to gather that data. Once this is accomplished, they can then develop useful reporting that prompts or encourages use of the data in making better decisions for the company. It will be interesting to see what new advances wil

Why Most Meetings are Huge Waste of Time

Wrong Purpose

One of my favorite posts submitted for the Frontline Festival was Jesse Lynn Stoner’s “No More Boring Meetings” The worst meetings are a one-way dump of information. These are meetings of “convenience,” for the leader. The leader asks for “updates” from each team member.

If you do not have a clear purpose for having a meeting, don’t have it. ”We always have staff calls on Tuesdays,” does not count as a purpose. Articulate the purpose of the gathering at the outset (or even on the agenda). ”By the end of the hour we will have made 4 decisions…”

Wrong People

If you need the decision maker– get her. Nothing frustrates a team more than debating and issue, reaching consensus, and then finding that they were missing key information or that a key stakeholder was not invited. Consider who must be included up front for which portions. Don’t waste time by having people sit through irrelevant topics until their subject comes up. You will gain great respect by honoring other people’s time.

Wrong Process

Determine the appropriate process up front. Unstructured meetings squander time. Create dialogue around topics that matter. Everyone does not need to speak on every topic. But if someone is tuning out, tune in and figure out why. Watch nonverbals. Invite factions to share their side bars with the group. If the meeting gets swonky, take a time out and check in with a few opinion leaders during the break

.Ways to raise productivites of meeting

Have an Agenda

Begin with a sound meeting agenda. Make sure it covers specific topics intended to produce specific result. Send the agenda in advance, with any background on important items to be discussed. This will help let meeting participants prepare ideas and materials they think will be relevant. Put major items at the top of the agenda for consideration first.

Eliminate Trivia

Don't clutter meetings with routine and trivia. Distribute minutes of previous meetings, financial information and routine committee reports in advance so you won't take up precious time rehashing them. Keep to a minimum all discussions that are not directly related to the meeting's topic.

Advance Information

Send out as much information as possible in advance, so those at the meeting can come prepared with background on the subjects to be discussed. Include suggested options or alternatives. Make a specific recommendation for action so discussion starts with a clear focus. Use technology. Send information by email whenever possible. Include links for online references.

Keep Meetings Concise

Start meetings on time and set a time limit. Don’t delay starting a meeting to wait for stragglers. Tell participants in advance how much time is allotted for the meeting and try to end on time. Schedule meetings at times and places which are convenient for those involved. Consider Internet meetings when time or location make personal gatherings difficult.

Analyze Results

If a meeting didn't accomplish everything you wanted, determine where things went astray to make the next session more productive. Consider having more and briefer meetings with fewer participants. Break down complex topics into pieces that can be handled by small groups, which are more efficient than large panels. Save the big meetings for celebrating sucessful

common corporate ethics practices in vietnam

Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.[1]

Treating Employees with Respect

All employees enjoy basic human rights and should be treated with dignity and respect in the workplace. They should not be unreasonably interfered with in the conduct of their duties and responsibilities for prejudicial reasons. All employees are entitled to freedom of thought, conscience, religion, and expression as long as these do not interfere with the rights of others.

Fair Business Practices

The success of RAD depends on our ability to outperform our competitors; however, the Company is committed to achieving success using fair, honest and ethical means.

In order to continue to maintain RAD’s reputation for fair dealing among our customers, partners, competitors and the public, all employees should adhere to the following principles:

Fairness to customers – All customers and partners should be treated equally and fairly. Market conflict between channel partners or customers should be resolved on the basis of equality, fairness and long-term interest of the Company.

Honesty and truthfulness – Information or material facts on the company, its technology, products, quality, timetables and other business-related issues should never be misrepresented with intent to deceive