Understanding Anger Management

Anger is an emotion experienced by kids and adults alike. When something or someone interferes with an individual in a negative manner, it can cause them to become angry. Anger is a normal response to such a situation. However anger can be classed as a mild or intense irritation. Depending on the individual, the circumstance and their emotions, anger may cause a person to become enraged or even furious. People who become angry behave in different ways. Some lash out or become extremely defensive. Other people tend to keep their anger to themselves, bottling up their negative emotions and hurt. While some people become reckless and even abusive. Anger can be a terribly harmful emotion if it isn’t controlled.

Controlling anger is considered anger management. The first step to controlling anger issues it to admit there is a problem. Some people have major anger issues but cannot see it. Naturally something happens to set a person off making them angry. Individuals, who have trouble admitting to their anger and accepting responsibility for their actions, often play the blame game. They have difficulty seeing the situation as being their fault. There’s always something or someone to blame. Their fits of anger are always blamed on something else. These people could really use a few lessons in anger management. However they need to accept their actions and reactions for what they are, anger.

Many people who have anger issues find it demeaning when anger management is suggested. Unable to accept their problem prevents them from seeking the help they require. If a person continues down a path where they are constantly angry and acting out, it will eventually cause major problems. Without anger management this individual will likely experience loss, loss of their family, loss of their job and loss of their own identity.

It is essential to convince the person with anger problems, anger management is not meant to be a punishment but rather to help them have a better quality of life. Anger management is designed to help the individual work out their problems, help them figure out why they become so angry. It also teaches the person not to be enslaved by their emotions, their anger. Anger management is meant to teach the person techniques which prevent them from getting angry as often or for very long.

There are all sorts of anger management strategies. There are programs created specifically to help those with anger issues. These programs are broken down to address different people, kids, teens, adults, couples and families. These anger management programs are in place to teach or help people to work on their anger. Teaching people strategies for working out their problems and controlling their anger are important in anger management.

Anger may be a healthy, normal emotion but when the anger takes over an individual’s life making them destructive and violent, it’s a big problem. Not only does the anger destroy the individual but it also impacts everyone and everything around them. Anger management could change this individual and ensure a healthy, normal life.

Strategy – Probably The Most Overused And Misunderstood Word In Business

How many times have you heard someone talk about successful business strategies or ‘taking a strategic approach’? What do you think they actually mean by the use of the word strategy? Most often the people using it are trying to convey the fact that they have given the subject a bit more thought than usual, that they have looked a little further ahead than normal. If a consultant uses it be very wary. Strategy costs more than mere ideas or tactics. How much would you pay for consultants who have’ kicked around a few ideas’ or ‘come up with some tactics they think might work’. Depends how good they are. But if they come back with ‘strategic business advice’ you expect it to be very good and of course very expensive.

Why expensive? Because you would hope that a consultant or colleague would have used some kind of intellectually robust framework, that they would have tested their assumptions and developed more than one solution which they evaluate rigorously before making their strategic recommendation. This takes time and expertise and both are expensive. Let’s assume they have done all of this – does that make it strategic business advice rather than tactical advice?

Not according the dictionary. The dictionary definition of strategy is very clear and military. It defines strategy as “the art of war – disposing troops etc in such a way as to impose upon the enemy the conditions for fighting (time and place) preferred by oneself”. If we accept business is in effect a war – you develop successful business strategies because you define success as beating the competition – there is no reason why this definition of the overused word, strategy, is not appropriate for business strategy. It requires all that planning and testing of assumptions discussed already. Some kind of robust intellectual and very honest framework will certainly help to develop and evaluate options. Even the lazy use of the word strategy – giving it a bit more thought and thinking ahead – would be implied by the military, dictionary definition. But there is an extra dimension to real strategy. It requires you to do all this and come up with something that changes the rules in your favour – in other words it requires creativity.

And there is one other aspect to this more demanding kind of strategic thinking. It is about people and their behaviour. In order to ‘deploy the troops’ and change the rules you have to understand how people tick. If being creative involves changing behaviours then you have understand how those behaviours were formed in the first place and how they might be changed if you want a successful business strategy.

Before putting the dictionary away (the definition of strategy above was taken from the Oxford English Dictionary) just go forward to tactics. You will discover that the definition is exactly the same as for strategy with one addition. Tactics involves the all-important stage of implementation, putting the strategy into practice. So it turns out that far from tactics being less weighty and valuable than strategy they are actually the most valuable thing of all. A sound strategic plan that is successfully implemented includes, indeed demands, tactics.

The use, and overuse, of strategy in business is more often than not pretentious over-claim by people who do not really understand what they are talking about. It certainly does not mean giving something a bit more thought or thinking a bit more long term. It absolutely demands a thorough and honest assessment of your assumptions and your options. At the risk of being melodramatic, sloppy thinking in military strategy costs people their lives. In business it just wastes time and money. Strategic thinkers will of course use frameworks based on their experience. They will break a problem down so they can think about each component of it but they will look to change the rules not just apply them. And the true strategist understands that strategies are aimed at people and changing their behaviour. Their strategic business advice will be based on an understanding of human behaviour. Just as in war, a strategy does not just get the job done, it enables you to beat the competition, to deliver higher returns than ever before, to win and win big for the least expenditure of resources.

So whether you are undertaking a brand planning strategy, a new business launch strategy or any other kind of strategy remember what this really means and remember to include the tactics which are just if not more important. Then you can charge accordingly.

Ensure Business Success With Right Branding Strategy

Building a brand is the most important task for any business that can determine its success. This is basically a way to create an image about the business products or services in the minds of targeted customers. It is always a dream for any new business to become the preferred brand among customers. It can also be considered as a way to reach the potential customers and help in increasing the revenue. It is important that the targeted audience gets impressed with the service offerings of the business. Designing the right branding strategy serves as the backbone for any business today. This is especially more important for new business or products to get recognized among the people. There are huge benefits that any business can observe with the right branding strategy. However there are a few important things that should be well taken care while designing brand strategy for the business.

As an initial step, it is important that one does a thorough market study. Having information about the needs of people can help the business design product or service offering appropriately. Also it can help the business identify the targeted customers and reach them in an effective manner. It is to be made sure that the service offering beats the customers’ expectations and also the existing competition in the market. Knowing about the similar existing products or services can further helping any business improve its service offering and create a good brand image of the company or product. There are many benefits that any business can reap with investing in brand building. It has been seen that benefits are often long term and realized in terms of constant revenue growth.

One thing that can make a different to any branding strategy is the right visual representation. Choosing the right logo is one of the important things in this regard. It is to be made sure that visual representation attracts targeted audience and compels them to buy products/services of the business. There are moreover different mediums that can be chosen today for visual representation of the brand. Some common mediums include newspaper and internet. Internet is one of the fastest growing mediums that is accessed today by millions of people. However choosing it as a branding medium depends entirely on the targeted audience. While some products/services are well suited to be advertised on the internet, there are many that are best suited to newspapers that are read by masses.

Often proper market research and identification of targeted audience is followed with designing the brand strategy for any company. There are dedicated professionals today who understand different details about the field and can help any business reach to the next levels with right branding strategy. Taking dedicated efforts to design the right brand strategy can definitely ensure success for any business.

Executive Coaching Leadership Versus Management

Executive coaching can help to determine whether you are more of a leader or more of a manager and assist in gaining the insight and self-confidence that comes with knowing more about yourself. The result is greater impact and effectiveness when dealing with others and running your business.
We are going to take a look at the executive coaching techniques in assessing the different personality styles in leadership versus management, the attitudes each have toward goals, their basic conceptions of what work entails, their relationships with others, and their sense of self (or self-identity) and how it develops.

Last of all, we will examine leadership development and discover what criteria are necessary for leaders to reach their full potential.

Executive Coaching Technique 1: Look at the difference in personality styles between leadership versus management.

Managers – emphasize rationality and control; are problem-solvers (focusing on goals, resources, organization structures, or people); often ask question, “What problems have to be solved, and what are the best ways to achieve results so that people will continue to contribute to this organization?”; are persistent, tough-minded, hard working, intelligent, analytical, tolerant and have goodwill toward others.

Leaders – are perceived as brilliant, but sometimes lonely; achieve control of themselves before they try to control others; can visualize a purpose and generate value in work; are imaginative, passionate, non-conforming risk-takers.

Executive Coaching Technique 2: They have very different attitudes toward goals.

Managers – adopt impersonal, almost passive, attitudes toward goals; decide upon goals based on necessity instead of desire and are therefore deeply tied to their organization’s culture; tend to be reactive since they focus on current information.

Leaders – tend to be active since they envision and promote their ideas instead of reacting to current situations; shape ideas instead of responding to them; have a personal orientation toward goals; provide a vision that alters the way people think about what is desirable, possible, and necessary.

Executive Coaching Technique 3: Conceptions of work.

Managers – view work as an enabling process; establish strategies and makes decisions by combining people and ideas; continually coordinate and balance opposing views; are good at reaching compromises and mediating conflicts between opposing values and perspectives; act to limit choice; tolerate practical, mundane work because of strong survival instinct which makes them risk-averse.

Leaders – develop new approaches to long-standing problems and open issues to new options; first, use their vision to excite people and only then develop choices which give those images substance; focus people on shared ideals and raise their expectations; work from high-risk positions because of strong dislike of mundane work.

Executive Coaching Technique 4: Managers and leaders have very different relations with others.

Managers – prefer working with others; report that solitary activity makes them anxious; are collaborative; maintain a low level of emotional involvement in relationships; attempt to reconcile differences, seek compromises, and establish a balance of power; relate to people according to the role they play in a sequence of events or in a decision-making process; focus on how things get done; maintain controlled, rational, and equitable structures ; may be viewed by others as inscrutable, detached, and manipulative.

Leaders – maintain inner perceptiveness that they can use in their relationships with others; relate to people in intuitive, empathetic way; focus on what events and decisions mean to participants; attract strong feelings of identity and difference or of love and hate; create systems where human relations may be turbulent, intense, and at times even disorganized.

Executive Coaching Technique 5: The Self-Identity of managers versus leaders is strongly influenced by their past.

Managers – report that their adjustments to life have been straightforward and that their lives have been more or less peaceful since birth; have a sense of self as a guide to conduct and attitude which is derived from a feeling of being at home and in harmony with their environment; see themselves as conservators and regulators of an existing order of affairs with which they personally identify and from which they gain rewards; report that their role harmonizes with their ideals of responsibility and duty; perpetuate and strengthen existing institutions; display a life development process which focuses on socialization…this socialization process prepares them to guide institutions and to maintain the existing balance of social relations.

Leaders – reportedly have not had an easy time of it; lives are marked by a continual struggle to find some sense of order; do not take things for granted and are not satisfied with the status quo; report that their “sense of self” is derived from a feeling of profound separateness; may work in organizations, but they never belong to them; report that their sense of self is independent of work roles, memberships, or other social indicators of social identity; seek opportunities for change (i.e. technological, political, or ideological); support change; find their purpose is to profoundly alter human, economic, and political relationships; display a life development process which focuses on personal mastery…this process impels them to struggle for psychological and social change.

As you can see, managers and leaders are very different animals. It is important to remember that there are definite strengths and weaknesses of both types of individuals.

Managers are very good at maintaining the status quo and adding stability and order to our culture. However, they may not be as good at instigating change and envisioning the future. On the other hand, leaders are very good at stirring people’s emotions, raising their expectations, and taking them in new directions (both good and bad).

However, like artists and other gifted people, leaders often suffer from neuroses and have a tendency toward self-absorption and preoccupation.
If you are planning on owning your own business executive coaching can help you to develop management skills. However, what do you do if you believe you are, in fact, a leader – a diamond in the rough? What can you do to develop as a leader?

Throughout history, it has been shown again and again that leaders have needed strong one-to-one relationships with teachers whose strengths lie in cultivating talent in order to reach their full potential.

If you think you are a leader at heart, find an executive coaching professional – someone who you can connect with and who can help you develop your natural talents and interests.

Whether you reach “glory” status or not, you will grow in ways you never even imagined. And isn’t that what life is about anyway? So what do you aspire to improve in? How do you compare leadership versus management?
The choices between leadership versus management are profound, and both are highly valuable to a strong organization.

Importance Of Business Consultancy Services

The consultancy services are increasing day by day for various industries. The consultancy is a knowledge dispersion process through which any individual or a company out sources its information. The business consultancy services include updating the client and customers with the new emerging trend in their respective business. The strategy is based on market research analysis. The market research analysis includes studying the business in the global markets and the competitions for the business.

The consultancy services include provision of strategic tools for the development and expansion of the business. The business consultancy services provide the competitors an extra edge in the competitive markets. Consultancy services are the problem solving approach where the service provider focuses on solutions rather than the problems. The service in consultation with the staff and the management works on the core domain of the problem. Hence this evaluation results in diverse solutions and better decision making process. The consultancy services works on the risks assessments and provides appropriate measure to avoid risks and to handle risks if encountered.

The consultancy services are well known for their planning strategy on the basis of the resource allocation, scheduling of the various projects and termination of the project. The consultancy services evaluate the various projects in terms of their life cycle and utilization of resources and providing high quality outputs to the organization. For an effective functioning of any organization it requires effective and strategic policies based on the proper evaluation of the business. The consultancy services provide an effective medium to review these strategies and policies of the business. The company is assured the desired results by the predictions through such consultancy services. The services provider works as a research analyst in reviewing the pros and cons of the business.

The business is not only measured on the sales and pricing strategy but also on the impact it creates in the minds of its customers. The surveys include the reviews on the operations of the business. It also requires the effective use of the human resources. The key to any business is its financial growth and stability. The consultancy services are beneficial in providing this business reviews. The policy also includes the measure of the business plans. The business is evaluated by the professional who are engaged in these consultancy firms. These are mostly the management graduates who work on the various policies of running a business effectively. Consultancy services aims at securing the place for the business in the competitive global market place. Hence a company must select an appropriate consultancy firm as the policies suggested may play a prominent role in shaping the business. For the evaluation criteria the company must review the past success of such consultancy services and the key clients of such services. This assures the company about the service providers. This also helps in establishing trust and faith about the service provider. Hence a company must select its consultancy services based on its objectives and the services including value added services provided by the service provider.

Nike’s Core Values And Business

A company”s core philosophy has the power to influence, inspire, and challenge employees on a daily basis. Nike, being the progressive company they are, employs an emergent strategy, “one that originates in the interaction of an organization with its environment.” Our CEO Les Kollegian and President Charlie Van Vechten both believe strongly in Nike”s philosophy not only because of the great success it has garnered Nike and their products, but also because of the continuous call to creativity and innovation it facilitates. In fact, Les often quotes the Nike core purpose “experiencing the emotion of winning and crushing your competition” when educating businesses on the importance of a business core purpose to develop the foundation of a brand promise and value proposition. Also, we”re not sure if Nike”s talented creative agency Weiden Kennedy was a part of developing these principles, but we wouldn”t be surprised. Anyway”I digress. Here are the 11 Nike Maxims.

1. “It is our nature to innovate.” The company sees innovation as one of its core organizational competencies.

2. “Nike is a company.”

3. “Nike is a brand.” The “swoosh” logo is instantly recognizable around the world. Nike sees this as the symbol of its global leadership. It will enter only those markets that it thinks it can dominate. It says: “lf we can”t lead it, we don”t need it.”

4. “Simplify and go.” Nike products have short life-cycles in terms both of technology and fashion. The company believes that making quick yet skilful decisions is key to its success. This aspect of Nike”s vision, together with the seventh maxim, is particularly powerful in articulating the company”s hugely successful use of emergent strategy.

5. “The consumer decides.” The company is keenly aware of the sophistication of its customers and it treats them as its key stakeholder.

6. “Be a sponge.” Employees at Nike are encouraged to be curious and open to new ideas, whatever their source.

7. “Evolve immediately.” Nike sees itself as being in perpetual motion””viewing change as a key source of innovation. This attitude can easily be observed in the wide range of products that Nike offers its consumers. It is another example of the company”s use of emergent strategy to good effect.

8. “Do the right thing.” Nike thinks of itself as a responsible global citizen, embracing the stakeholder view of corporate social responsibility. It encourages its people to be honest and transparent and to promote diversity and sustainability.

9. “Master the fundamentals.” All the innovation in the world is useless if you can”t put it into action. A crucial part of Nike”s success is its ability to refine its performance””the recent growth in profits suggests that it”s achieving this.

10. “We are on the offense””always.” To stay ahead in an extremely competitive environment, Nike urges its people to act like leaders in their field to achieve victory.

11. “Remember the Man.” The late Bill Bowerman is still held in high esteem throughout Nike, both for his understanding of athletes” needs and for his innovative spirit. (Jerome Payne, www.cbsmoneywatch.com).”

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Developing A Business Strategy – To Emphasize Or Not An Analysis

Market opportunities have a high tendency to get overlooked in modern day business environment. Competent entrepreneurs, business owners understand the fact well and strive to explore new solutions to stay competitive in the market.

Do you consider yourself a smart and forward thinking business person? Have you ever taken any unique or decisive action in contingency that outperformed your conventional management policies? If the answer is yes, you are a strategic thinker. How can you assure that all of your strategies are effective?

You may not have counted on the major threats either from competitors or the ever changing business environment. Whether your company is a multi-billion turnover enterprise or start up business, you need to maintain a more formal and structured planning process for your business.

Understand why strategy is important for your survival:

Did you complete a SWOT analysis (Strength Weakness Opportunity Threat) even before thinking of setting up the business? The business environment is changing fast, along with customers requirements too. It can be the challenge against potential competitors or perhaps external forces like – Political, social, economic, technological, environmental or legislative factors that keep you on your toes.

If your business is going through a bad phase and the poor performance has let you down to your stakeholders, keeping a recovery option is crucial.

Even if the environment is stable and friendly now, every company needs to review the current situation and prepare a strategy for future protection. In fact, you may need to find new insights to deliver value to your customers.

For all these extremities a well-managed corporate entity must accommodate an advocate who would supervise the situation in real time. To simplify, you need a dedicated strategy consultant answering all of your strategic questions round the years.

What does a business strategy consulting solution have to offer you?

First, make yourself understand the definition of comprehensive business strategy. It is all about navigating and streamlining existing business process and policies in the most cost effective way. Intellects combined with forecasting expertise is what defines business strategy consulting.

What more you can expect:

Coordination and overall direction to achieve desired end results

Investigating the business stability and produce analytical reports and recommendations

To be made aware of potential threats and suggest a preparation plan

Provide you strategic advice on various business expansion processes.
For example, mergers and acquisitions due diligence

Advise you on a buyer’s criteria and their changing buying decisions.

Reviewing company financials and safeguarding stakeholders interests

Detailing business reviews and improving future performance

Exercising long term management plans to avoid business uncertainties

Doing comprehensive market research based on company internal data and market/industry trends

All these solutions are realistic and quite possible if handled by professionals and strategic Gurus.

Then what stops you more from having a better and formal strategy for your business?

Well, the implication of this negative mind-set is detrimental. Still people have an assumption that if a business is running well why changing the winning formula?
Sometimes management may get confused with pace of the changes or feel it complicated. For them, reluctance comes from unnecessary fear of change.

However, you must not deviate from your long term aim i.e. to establish the pillar of business prosperity system. Using a strategic approach would always keep you on that winning track. One must learn that proper business coaching is the key to real success.

Learn How To Enjoy Your Life With Proper Stress Management

Did you know that your ability to eliminate the bad stress in your life is directly related to your own happiness and well-being? So if this is true and your ability to stay happy depends on the lack of stressors in your life, then it seems clear to me that there is no better motivation than to strengthen your stress management skills. Below are some ideas of how to reduce stress in your life.

Stress and Your Happiness Level

It has been known that stress could have a direct impact on your health condition, putting you at risk of developing certain illnesses such as high blood pressure, stroke, or serious heart problems. But the most significant impact of stress is something that is felt in your everyday life your ability to stay happy and energized. Since stress is a fact of life, it does not mean that you have to completely accept it as something that you cannot change or have no control of.

This is due to a domino effect that stress creates in one’s life. If you are able to overcome stress, you can live healthy. If you live healthy, then you can stay happy. This is not as easy as it appears though. You need to follow a three-step plan: identifying your stressors, finding a stress management technique that works for you, and then adapting that into your life.

Identifying Your Stressors

The cause of stress in one person is different from the other. Hence, you need to take the time to look into what it might be that is causing you tremendous amount of stress in a daily basis. Could it be that you are loading yourself more work than you can handle? Are you stressed by the intense level of competition for academic excellence at school? Is your health condition causing you too much worry?

Identifying your priorities in life could also reveal what your stressors are. But you can never skip this step when trying to realize proper stress management in your life. You cannot find a solution if you do not know the source of the problem.

Find a Stress Management Technique That Works For You

Once you find out what the problem is, you can now look into different stress management techniques that can work for you to fix that problem. Since there are different stressors for each individual, there are also unique ways of addressing the issue dpending on the person usinz the technique.

Some people find it helpful to set aside time for themselves, such as pampering, or doing things that they enjoy. For a few others, they like to stay indoors and enjoy a moment of solitude, such that they can be away from the hustle and bustle of the outside world to find inner peace. Whichever approach works for you, it is all up for you to discover. Experiment with using various stress management techniques first and then see which ones offer the best results.

Tips to Leading a Stress-Free Life

Here are some activities you can incorporate into your stress management regimen to stay happy and healthy:

Create a relaxing environment that would facilitate in a relaxing body and mind. You can sit on a lounger in your patio while enjoying fresh air, listen to some soothing music, or light up scented candles in your room.

You can travel and have a vacation for a few days. If you’re too busy, do this over the weekend. Use the opportunity to rejuvenate yourself and not think about anything that might cause you stress, such as work or financial problems at home.

Explore nature and the wild outdoors. A lot of people find being close to nature to be very relaxing. If you are one of those, here’s your time to do so.

Take up a new hobby such as a pottery class or cooking class and meet new people.

Learn to meditiate for ten minutes a day to stay centered and balanced and stress free.

Want To Keep Procrastinating – Just Read Another Time Management Article!

Many people appear to be busy types yet achieve little in their day while others appear to go through their days in effortless fashion yet accomplish a lot. You see what’s happening here; it’s the old 80/20 rule. And yes, it applies to the way you manage your day.

In this time management article we will provide you with some handy information and techniques to hopefully send you on your way to better time management.

Another Time Management Article!

I have lost count of the number of time management articles I’ve published. Why do I write them? Because I’d love to help other people break out of their procrastination habits and lead more productive lives. If I can only help one person then I’ve done my job.

How many time management articles have you read? Are you still in the same rut now as when you read your first one. If you are then promise me this is the last article you’ll read. In fact, set yourself a goal: make this the last article you read until you have broken out of your rut!

Imagine yourself free from procrastination and how good it makes you feel. That sense of achievement and the extra cash incentive it’s added to your bottom line. Imagine those feelings when you finally read that time management article later down the track. Then chuckle to yourself and think of how easy it was to get back on track with your time.

Problem is, it’s not as simple as that for most people so let’s try and get you back on the path to better time management.

Time Management Tip

It’s important to create a good balance with your time. If you spend all your time working without having some relaxation time either with your friends or family then you’ll soon suffer what is known as burn out. Balance out your time so you have enough energy to take care of the important things in your life!

Have The Courage To Start Being Time Effective!

Try utilizing the following action plan for better productivity:

1. Organize a time management mentor. Peer pressure is powerful. By having someone you respect and even fear is a great way to keep tabs on how you are managing your time.

2. Identify procrastination. There are many things we hate to do but must and if these are tied into your livelihood, then it’s costing you plenty in regards to your bottom line. This ties in with our first tip so organize a peer mentor right away!

3. Keep a journal of your activities. This will help you identify the important from the unimportant tasks in your current schedule. You’ll be able to see at first glance where you are spending unproductive time. You’ll also see at just what times of the day you are most productive!

4. Organize your schedule the day before. This is about prioritizing your day. We’re not saying the least important tasks shouldn’t be completed; you need to list the more urgent and important tasks first. Also, if you are working towards a major goal, then list the actions first which will carry you to your ultimate goal.

How Globalization Of E-commerce Is Helpful For Business

Electronic commerce, commonly known as e-commerce and e-comm., is the buying and selling of products or services over electronic system such as internet and other computer networks. E-commerce is commonly used for net banking, online shopping etc…

This paper examines how globalization of e-commerce is impacting business in general. With the increase of internet-based technologies, it has been the reason for recent stimulus globalization. In this Information Age, Internet commerce is a powerful tool in the economic growth of developing countries. While there are indications of ecommerce patronage among large firms in developing countries, there seems to be little and negligible use of the Internet for commerce among small and medium sized firms. E-commerce ensures better business in the SMEs and sustainable development of economics for developing countries.

E-commerce allows companies to increase their sales in domestic and foreign operations and the flexibility afforded by the technology also provides less costly opportunities to locate operations strategically. E-commerce not only reduces communication costs, but also increases flexibility in locating activities. Research point indicates that internet technology has led to an increase in international trade (Freund and Weinhold, 2002, 2004). This is the evidence of how it suggests profits from foreign operations have also increased in recent years (Hilsenrath, 2005). In the emerging global economy, e-commerce has increasingly become a necessary component of business strategy being a strong catalyst for economic development.
Integration of information and communications technology (ICT) in business has evolved the relationships within organizations and those between and among organizations and individuals. The controversial current social and economic trends are globalization and the widespread adoption of information and communication technologies (ICTs). Many argue that these two trends are closely associated, each driving the other forward, and both being driven by other common forces, such as trade liberalization, deregulation, migration, and the expansion of capitalism and democracy (c.f., Held et al., 1999). Pohjola (2002) argues that the twin forces of globalization and the ICT revolution are combining to create the so-called New Economy, marked by higher rates of economic and productivity growth.

“Technology is both driven by and a driver of globalization, as both forces continually reinforce one another” cited by (Bradley et al., 1993).Specifically, the use of ICT for ecommerce in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs. Prior to development in the Internet and Web-based technologies, the distinctions between traditional markets and the global electronic marketplace-such as business capital size, among others-are gradually being narrowed down.

Together with the appropriate strategy and policy approach with e-commerce enables small and medium scale enterprises to compete with large capital-rich businesses. On another plane, developing countries are given increased access to the global marketplace, where they compete with and complement of the more developed economies. Most of the developing countries are already participating in e-commerce, either as sellers or buyers. However, to facilitate e-commerce growth in these countries based on globalization phenomenal, the relatively under-developed information infrastructure must be improved. Significantly, economic trend of the past decade is the growing use of the Internet for conducting business.