There has been a major upswing in the oil market contributing to the rise of gas. And this upswing in the price of gas is not the first time the oil business has seen huge profits and gains in their returns. And anyone who has been in the oil business for a few decades knows full well that the current high profitability economy which is benefiting oil companies tremendously will turn the other direction at some point. Just as there is a shortage due to problems with repairs or temporary shut downs at the nation's refineries, there will come a time when all refineries are producing at full capacity and there will be a glut on the market which will drive prices down.
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.
And this shrewd business practice is a good signal to those who are investors in the oil industry as well. 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.
On Virtual Employees
The trend in strategic business planning is to incorporate an aggressive "virtual marketing" plan with your traditional plans. So it makes sense that eventually the move to virtual resources would reach human resources with the availability of virtual employees.
In addition to the benefits that virtual employment has for businesses to fill needs for skilled workers, it's an excellent resource for talented workers who want to make a contribution to the business world on their own terms. Virtual workers almost universally work at home or where they chose to work. Often the work is task based with a deadline so the worker can select the hours that fits their family and personal schedules best. And, like working for a temp agency, the employee can build a resume with the agency that improves the quality of work they get over time.
The term "Virtual staffing" is a trend that has been a success for all involved as it has matured in the last few years. And we can look for this twenty first century great methodology for bringing in talented and motivated workers to continue to grow and build as more and more businesses get comfortable with staffing their employee ranks virtually and successfully.
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.
And this shrewd business practice is a good signal to those who are investors in the oil industry as well. 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.
On Virtual Employees
The trend in strategic business planning is to incorporate an aggressive "virtual marketing" plan with your traditional plans. So it makes sense that eventually the move to virtual resources would reach human resources with the availability of virtual employees.
In addition to the benefits that virtual employment has for businesses to fill needs for skilled workers, it's an excellent resource for talented workers who want to make a contribution to the business world on their own terms. Virtual workers almost universally work at home or where they chose to work. Often the work is task based with a deadline so the worker can select the hours that fits their family and personal schedules best. And, like working for a temp agency, the employee can build a resume with the agency that improves the quality of work they get over time.
The term "Virtual staffing" is a trend that has been a success for all involved as it has matured in the last few years. And we can look for this twenty first century great methodology for bringing in talented and motivated workers to continue to grow and build as more and more businesses get comfortable with staffing their employee ranks virtually and successfully.
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