So how can the casino ruin you’re thinking? It’s really simple and wins them even more of your hard earned money more then usual! Inside this article I will offer you gambling tips on why you should avoid this #1 bankroll killer!Their primary method to inflict damage to players’ bankrolls is to fill them up with free alcohol. Let’s face it when you are drinking al ot of alcohol you don’t exactly think in a very logical way. Your emotions get involved in pretty much everything controlling your brain and making you make silly decisions including making bad bets. The casino completely loves it when their customers do this!I was watching one guy who was up to $2200 profit at the roulette table. This guy was on fire and I thought he must be a roulette genius! But eventually the casino started feeding this guy alcoholic drinks and they were all free. He was a younger kind of guy and I don’t blame him, a free drink is a free drink.But as he drank more and more he made bigger absurd big bets until 45 minutes later when he squandered his entire bankroll. He was devastated and an emotional wreck; he just lost $2200. He could have walked home with that money if he had some gambling tips on actually saving and budgeting his money.So the moral of the story is, stay away from any drugs or alcohol that will impair your judgment. Gambling shouldn’t be just for fun. Gambling is deadly serious since it’s about winning money not losing it! So don’t fall victim to the casinos free drinks while you empty your wallet on emotional bets.So to keep your shirt on your back, I repeat, stay away from the free booze. If you do plan on drinking while gambling make small bets and whatever you do, don’t get overly intoxicated making a mess on your bets and losing your hard earned cash!
Understanding What Makes a Good Work Environment
What is an ideal work environment? Answer to this question may be very subjective. An ideal environment of a person may not be very comfortable for others because of different people who come from different backgrounds, ethnic races; languages, faiths, political views and most importantly have different psychological behaviors. So what kind of environment can an employer provide to employees which doesn’t make the environment alien for them and eventually getting the best out of employees without having them to leave there comfort zone. This will make employees more focused on work rather than the issues caused due to work environment.Development of a professional working environment should be an evolutionary process. It is not just about the bookish human recourse management methodologies rather it should be based on problems and concerns of employees at the organization in real terms. By doing this employer will be able to develop realistic, practical and employee friendly methodologies which may eventually lead to better work environment for the mutual benefit of the employer and the employee.Following are the key factors of a good work environment.- The work environment should be based on adaptability rather than an inflexible set of policies which may not be that effective so that if an employee joins a new work place he should get accustomed to it quickly to perform to his/her potential for the reason he/she was hired.- All the employees should be considered at the same level when it comes to policies, this can make a huge impact on morale and performance of a worker who is a victim of discrimination.- Even a smallest bit of harassment of any kind should be avoided.- Relationship between employee and employer should be of such a kind that employee gets a feeling that employer cares for its workers.- Employer should try and make life easier for him if the employee is having problems getting along with the environment and keeping up with the organizations expectations.- Expectations from employee should be realistic so that the employee works in a pressure free environment and delivers tasks timely and up to the standard and quality.- It should be made sure that life-work balance is maintained and employee is not having problems keeping the balance due to his official commitments.- Employee should feel a part of the company. Not just a working machine which times in at 9 in the morning and times out at 5 in the evening and whole day long he is thinking about when this miserable day is going to end.Professional and friendly work environment plays an important role in order to make long term working relationships with people and for employee-retention as employers don’t want to lose recourse on which employer has invested a lot in terms of time and money. So there should be a focus on developing and maintaining such an environment for betterment of organization as a whole.
Defining the Business Environment – A Thorough Analysis of External and Internal Environment!
Business firms wishing to adopt an open system of management approach, find it difficult to define the business environment. The management has to limit its consideration of the environment, only to those aspects of the outside world which are of major importance to the success of an organization. The concept of business environment is too broad and it would be hopelessly confusing to consider each and every aspect in it. Customers, competitors, government units, suppliers, financial institutions and labor pool are part and parcel of the external environment, and available resources, be it physical or human, behavior, synergy, strengths and weaknesses and distinctive competence determine the nature of the internal environment of a business firm.Further, you can divide the business environment into two categories, the direct-action environment, that has an immediate effect and influence on the organisation’s decisions, say, government regulations, labor unions, suppliers, customers and competitors. The other category, namely, the indirect environment does not have a direct effect, but nevertheless influence the operations of a firm. These would include factors such as, technological, economical, socio-cultural and political, to name a few.Each and every organization is bound to form its own strategies to define the scope or network of operations, in a business environment. What is a general environmental factor, may be specific for another. Precisely speaking, a firm has to consider both the macro and micro environments, that affect its life and development. Corporate strategists must be aware of the fundamental features of the current environment to plan accordingly.SWOT analysis or environmental scanning, is the basic monitoring system, that helps a firm to compile, process and forecast the necessary information gathered from the external environment. This is also helpful in determining the opportunities available for the success of the firm in the market, and gives a clear picture about the threats to be handled. As the business environment is highly dynamic and volatile, it is inevitable for a business organization to visualize and perceive the opportunities and constraints in store for it.While swot analysis is a tool that helps in scanning the external environment, using the value chain in internal analysis, proves to be an useful approach to determine the organisation’s strength and weaknesses. It is equally important, that a firm must be competent both externally and internally. Adoption of a disintegrated view of the firm helps in diagnosing a company’s key strengths and weaknesses. The value chain is a framework that disintegrates a firm into its strategically relevant activities, to understand the behavior of the company’s cost and potential sources of differentiation.A firm gains competitive advantage by performing these key internal factors or strategically important activities, in an efficient manner than its competitors. Identifying the primary activities of a firm such as, inbound logistics, operations, outbound logistics, marketing and sales, followed by service denote the distinct activities that are performed to design, produce, market, deliver and support its product. The support activities such as procurement, technology development, human resource management and the infrastructure of the firm should not be overlooked, since they are the ones that are essential throughout the entire chain of operations.It is therefore an indispensable fact that, the management should attempt to predict changes in different environmental forces and discern the opportunities and threats emanating from the environment.