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Business: The Roller Coaster Oil Market And Virtual Employees |
By:
Zindy Maseko |
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Business: The Roller Coaster Oil Market And Virtual Employees
Zindy Maseko
There is a public mythology concerning the oil markets that has been fueled by a sharp rise in oil prices in the last few years. That perception is that the oil companies whose job it is to acquire the raw materials to make petroleum products, including gasoline for transportation, are the source of the rising prices. It is easy for the public to pin the blame on big business.
As with any smart manager of a business or investor for that matter, diversification is the way to prepare a strategy for handling volatile markets like we see in the oil business. And that has been a cornerstone of the strategies that have kept the oil companies able to ride the ups and downs their industry undergoes on these huge swings in supply, demand and profitability. While the oil industry is enjoying unprecedented prosperity now, there is coming a time when they will see their profits drop and they will have to brace for a downturn of unknown length and survive it until the next swing of the pendulum back out.
Just as the companies who are fattening up our portfolios now are strong investments, we should know that the downturn is coming and diversify while times are good. Then we can ride out the next oil slump just as handily as the companies that live or die by the oil markets do year in and year out.
Virtual Employees
When we say something is "virtual" in modern terminology, we are almost always talking about something related to the internet. So Virtual Dating is dating using the internet. "Virtual" does not mean something that does not exist. But it implies you are replacing a normal physical entity with a real but for the most part unseen entity that lives online.
But the concept of virtual employment is going beyond providing another variation on outsourcing to a consultant. Many virtual employment agencies provide administrative assistants, sales support and many other functions normally associated with a full time employee but those services are done "virtually". A virtual office manager can have calls routed to his or her remote phone, email redirected and conduct office meetings and negotiations with vendors via email or instant messaging. Using these modern tools, a virtual assistant can provide almost every function an on site assistant might be able to do but do so at a lower cost to the employer.
The virtual employment trend in business has obvious benefits for businesses that are in need of qualified help. It opens the door to recruitment sources that can supplement the local talent pool. Many times virtual staffing agencies may have on their "employee roles" people with a specialized background or skill. The agency is skilled at defining exactly what their client businesses need and matching up the right virtual employee to the job so the business has the right skill sets where they need them, when they need them and only for as long as they need them.
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Article Source: http://www.statssheet.com/articles/article69944.html |
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