Tag: Management

6 Tips For Business Relationship Management

All business owners whether you own a brick and mortar business, online business, MLM or a home based business, building a good business relationship with your clients or customers is extremely important. It will bring the obvious which is more financial success but it will also provide you with a good sensation of knowing you are providing a good an honest service. So let’s discuss what good business relationship management is.

When you look into building and maintaining a good business relationship with your customers, there are 6 areas you need to look at. The first one is empathizing with our customers. When you first meet with your client, they usually have a problem. Sometimes big and sometime small, either way you must be sensitive to their issue at hand.

Number two is remembering the little things about your conversation with your customers. During the meeting, they will share some information about themselves that will indicate what they like and what don’t like. Make a note so you don’t forget. Sometime they might even share something they like to do during their personal time. Make a note and on your way back from the meeting, start thinking about what you could do or send them that would be related. It could an article, could tickets to a sporting event. Anything that would be related that could help build that relationship.

If you commit to anything during your meeting, don’t fail. Be timely and over deliver on your promise. This will go a long way towards building a long lasting relationship. If you fail to deliver, that client is looking for another provider the minute you missed that deadline.

During your meeting with your client, it is very important that expectations are very clear. It is just as important that your client make his expectations clear to you as it is for you to them. Be very loyal to them. Don’t play games and be upfront. This will also go a long way in building your relationship with your customers.

Now the big one, the one no one likes to do or admit. If you make a mistake, admit to it immediately and apologize sincerely. Your customer will appreciate your honesty and will not hold it against you.

Business relationship management is not easy but when done correctly, it pays dividend like no others. Take your time and make sure you are taking the steps to building a good lasting relationship.

To your success,

Ghyslain

“My happiness depends on your success”

Management Tip – Building a Winning Team – Developing Self-Esteem

How important is self-esteem to your employee’s success? As managers, we all know that high self-esteem leads to high confidence and a high feeling of self-worth. These are critical traits in any employee’s success. Having said that, here is an important and introspective question: What kind of self-esteem does each of your employees have? If you do not know, I would challenge you to start observing your employees. Believe it or not, you can play a major role in making boosting their self-esteem and can change their attitude and performance in the process.

It has always been interesting to me that the term self-esteem starts with “self”. Our self-esteem is usually not determined, high or low, by ourselves, but by the feedback of those around us. We get a view of ourselves in our mind as to who we are, and our strengths and weaknesses, based on what others say to us and about us. As a manager, knowing this simple fact unlocks a key of opportunity for changing and improving our employee’s self-esteem every day. In essence, powerful words and affirmations can lead to a changed, more confident, self-assured and productive employee. I have seen this metamorphosis happen to thousands of individuals in my career. This is all possible through the power of words!

Have you ever had someone significant in your life (a spouse, parent, sibling, teacher, coach) who consistently told you that you weren’t good enough in certain areas of your life? Someone who tended to focus on your weaknesses instead of your strengths? Someone who was always correcting you? How did that make you feel? What was the impact and what were the long-term repercussions? Did it negatively impact your self-esteem, self-image and self-worth? Do you think your employees have had (or are having) the same experience in their life? As their manager, are you one of those critical people?

Now let’s look at it another way. Have you ever had (or have) someone significant in your life who told you could do anything? Someone who found the best in you? Someone who constantly built you up and focused on your strengths? If you have, and I hope you did, you know the positive impact that had in changing your view of yourself and building your confidence and self-esteem. That’s exactly the kind of influence you can be in your employees’ lives. No matter what negative feedback your employees are getting from others in their lives, you can counteract that with positive, encouraging words. By doing so, you will not only build up their self-esteem and confidence, but you will gain their respect, admiration and loyalty. These are qualities that make for great employees! It is all up to how you speak to and treat the people in your care.

Let me share with you some timeless words of wisdom and truth from the Bible that will support this point: “Do not let any unwholesome talk come out of your mouth, but only what is helpful for building others up according to their needs so it may benefit those who listen.” (Ephesians 5:29). You have the power to make a difference in your employees’ lives. Starting today, make that difference!

Should MBBS Students Be Taught Management?

Medical knowledge with business skills is a terrific combination. But do medical students have those skills? To develop these skills a business management course is becoming a popular option for doctors. But why not the training is given in the medical schools? Medicine is a highly technical field but for the proper application of this knowledge in today’s competitive world one needs to broaden one’s horizon.

Learning management aspects is important for medicos for various reasons:

1. Managing people is a key requirement to progress effectively as a practicing clinician or for working in a health care sector.

2. Administration of the health-care centres like hospitals.

3. For setting up clinics and nursing homes.

4. Developing effective management and communication skills.

5. Handling difficult situations and people.

6. Using team members as per their strengths.

7. Give effective direction to staff under your supervision.

To develop competency as a manager is a key requirement today. There are various options for doctors who also become managers:

1. Continue as a medical professional with a post graduate degree and open nursing homes / clinics.

2. Work in corporate hospital chains both as a clinician and as an administrator.

3. Work in pharmaceutical companies as a medical advisor giving technical support to sales and marketing.

4. Joining pharmaceutical companies as a marketing professional handling various product portfolios.

5. Joining non – pharma companies in their health care division.

6. IT consulting, research and development in the health care sector.

7. Working in a Clinical research organisation.

The industry is recognising the potential of a medical professional to nurture and cultivate them. Doctors belong to the cream segment of our society and are getting an appropriate position in the management team of the industry.

What Is The Meaning Of Reputation Management?

In this world where business is news-driven, it is crucial for companies to maintain a good reputation, which will steer them to success. Companies establish such corporate identities that not only define what they stand for, but also have a positive or negative impact on their clients. Herein, the concept of reputation management is established. Reputation management is a way of keeping a track of people’s actions and opinions. Reputation management keeps a report of these opinions and creates a feedback loop. It also involves the process of transforming the negative opinions into a positive one. Tracking and reporting is done by word-of-mouth as well as statistical analysis of innumerable data points.

Why Reputation Management?

CEOs and senior management have understood the importance of reputation management and how reputation can either make or break a company. If a company has an excellent reputation, it is sure to attract business and investment partners, boost sales, hire employees, convince lawmakers and legislators, and overall have a huge positive impact on everyone. The reverse will happen if the company lacks a good reputation. Having a firm reputation builds confidence for the future of the company. In a time when there are busy markets, it can push for profitable sales, draw as well as retain competent employees, deter competition, make requests to business partners and capital investors, besides numerous other advantages.

Tools And Techniques

Building a firm reputation requires certain tools and techniques such as media content analysis, KPIs (key performance indicators), stakeholders’ evaluation, opinion polls, reputation scorecards, competitive benchmarks, internal communications and new media measurement, and research in a crisis. However, these techniques to boost a company’s reputation are only a support system to a whole range of other systems, which include carrying out surveys and making a study on the company reputation, surveys on corporate image, and comprehensive studies on thought leadership, research on stakeholders, and various rating methods in PR and communications as well as their measurements. Such techniques are incorporated so as to eliminate all kinds of negative publicity and maintain a strong, firm reputation in the eyes of the public.

How It Is Done

Having a complete reputation management system that is proactive, reactive and that which takes constant measures, ensures that the company’s reputation is protected, intact and improved. Some methods are:

Conducting PR campaigns:In order to keep up with the ever-changing pace of business, the company will have to continuously promote its reputation. This can be achieved through PR campaigns for launching its new products and services to its prospective clients.

Giving prompt responses:Companies can also keep good relations with their customers by responding promptly to their queries and complaints via phone, mail or email.

Incorporating reactive reputation management:In the case of a problem having arisen, it is recommended that the company resort to reactive reputation management to control the damage and resolve ongoing issues.

Having reliable communication plans:Having a reliable communication plan ensures that the company’s present reputation is enhanced.

Hiring reputed providers:Companies need to hire well-known reputation management providers to implement proficiently designed measures, which will build the company’s reputation.

Why Performance Management Is Important For Business

Performance management is the way a company determines how well their business and employees are functioning day to day. By employing performance management strategies, companies can track the consistency of effective business tactics and compare them with ineffective business tactics. Performance management will generally focus on each individual employee, a department or the business as a whole.

First it is important to determine what your definition is for the word performance and how it relates to business. How exactly is your business meant to be performing in the everyday world? Does performance mean increased profitability or beating out the competitors at any cost?

When it comes to employees, companies have been conducting performance appraisals for years. Employees are constantly being sent for extra training which is both time consuming and expensive. It is vital to evaluate whether these tactics truly do enhance performance, or if they are conducted merely for the sake of doing them. For example, most employees will not bother to increase their performance at work if there is not some kind of motivation for them involved. They are constantly forced to undergo training that increases their qualifications, and then must complete performance appraisals. But if the employee does not gain from these performance management techniques personally, then they may be discouraged to increase their actual performance. Why be more qualified and still be paid the same lower wage? Therefore, should companies wish to keep their employees at the top of the game and at the same level with their competitors, it is essential to provide personal incentives.

Performance management techniques should not only be aimed towards individual workers. They can be directed towards entire departments in order to determine the level of productivity that is coming out of each area of your business. Just because members in a department are extremely busy, they may not be able to manage themselves effectively enough to be performing at the top of their capabilities. Performance management also can be turned into time management techniques and completing individual projects based on their level of importance. By effective scheduling, it is possible to increase the entire level of performance of an entire company, meaning that your business will thrive.

Performance management has to consider every aspect of the business arena to make sure that the techniques are fully productive ones. For every part of your business that runs smoothly and efficiently, you are making an overall improvement on the business as a whole. For example, billing and invoicing procedures should be consistent and all departments such as administration, sales and computer aspects should be working in perfect conjunction with one another. It is vital that departments create an open dialogue with one another and communicate any problems that may affect other members of the team immediately.

By maintaining open streams of communication with all of the members on your team, you can ensure that your business is performing at the height of its abilities. Performance management is a great way to get the most out of your business.

Uses of Social Media Management (SMM) Tools

Social media and modern day commerce

The social media epoch has formed a whole new way of networking, connecting dots between commerce and lifestyle, speeding up globalization and taming space for businesses to penetrate the market.

From Facebook and Twitter to Instagram and Snapchat, people are spoiled for choices when it comes to getting in touch with the world. A single WhatsApp group could contain the real estate contacts and data of an entire area code. A YouTube channel can be a knowledgeable source of information related to fixing up your car. One Facebook post could go viral and demand support for controversial matters that require change. Thus, social media serves as the perfect pitch for commercial enterprises, whether starting out or already in the game, to exponentially expand their reach and simultaneously understand the market better.

Social media has grown to strengthen client relations with businesses and amplify brand loyalty. With numerous modes of social media, a brand can take several formulas to reach a wide range of audiences, thereby dominating markets with its presence. Social media relies on the ability to relate. The market works on the same principle for any business to take off. Arguably one of the best qualities of social media is that its persuasive publicity urges industries to bring quality products and services to a competitive market. As the forefront of many innovative steps in the entrepreneurial world today, social media is the digital compass that any business must crack to manoeuvre through changing trends and growing markets. This is where social media management (SMM) plays a key role and sets itself apart as a governing force in the field of brand promotion, advertising and gaining market approval. Excellent social media management techniques dictate the success of a business in the digital world. This is confidently translated to durable results in the market.

Social Media Management (SMM)

With the rise of technological prominence in every industry, social media management (SMM) is backed by a set of digital tools that lay off the burdens that come with the hefty task of reaching out to millions in an instant. Managing content and delivering the right material takes time, effort and loads of creativity. The goal is to appeal to prospects in the most innovative manner possible. As the web is already saturated with creativity, getting your point across becomes that much tougher. This is why certain tools and techniques are required in efficient social media marketing for businesses across the world. These carefully structured, user-friendly SMM tools help manage content on multiple social media platforms in a timely manner while bringing the best out of communication with viewers.

Social media marketing tools available online have redefined the way we can use social media to develop a brand. Immediate results and constant monitoring can be done while the right measures can be taken to approach varying types of markets worldwide. SMM tools make it easier for business to see their progress in real-time and captivate a potential marketplace. Although there are several tools used in order of preference, some tools stand out for their exceptional design and functions. The techniques and managing style differs from person to person and the internet is home to various kinds of SMM tools that suit diverse managerial standards. Based on use reviews and popularity, there are few SMM tools that appeal to a wider range of users across industries.

Popular Social Media Marketing (SMM) tools

As of 2018, here is a list of the top trending Social Media Management (SMM) tools that have revolutionized marketing online:

  • HootSuite

HootSuite allows you to manage all your social accounts on one platform at affordable rates, engage viewers on multiple networks and share insights across teams. Facebook business features can be optimized with the help of tools like HootSuite. This tool allows you to quickly resolve customer inquiries, collaborate with a team and expand reach with employee activism. By keeping tabs on the social return on investment, the SMM tool allows users to make informed marketing decisions at crucial times.

  • Buffer

Buffer is SMM software that eanbles users to schedule and send posts at various intervals called as timeslots. The tool also provides real time post statistics to keep updated with interactions on social media. Buffer is equipped with many productive marketing techniques and gives you the provision to unlock additional paid features. To make the most out of Twitter, Facebook and other social media platforms, Buffer is a pervasive SMM tool available today.

  • Sprout Social

When it comes to viewer association Sprout Social is a good choice for marketers. Primarily focusing on social care creates strong relations between businesses and audience. With many updated features, the most recent Sprout Social features also include enhancements in social care efforts. Although some social media websites such as Instagram don’t allow third parties to post visual media, Sprout Social’s ‘Smart Box’ records activity on Instagram posts as well. Facebook and Twitter feeds can be managed easily with this SMM tool.

  • Hubspot

Also a paid SMM tool, Hubspot has proven to be a favourite among marketers online as a social publishing. With countless features, HubSpot specializes in SEO techniques, advertisements and audience involvement to bring the best out of marketing stratagems. With several integrated techniques like email listings and automated marketing, users can attract, convert, close and amuse audiences with HubSpot.

  • MeetEdgar

MeetEdgar is probably most known for its unique re-sharing option that allows automated content circulation. By recording social statistics the sky is the limit to growing your business online with MeetEdgar. Affordable, easy to use and effective SMM techniques make it one among the many stand out software used for social marketing purposes.

  • Agora Pulse

Agora Pulse has grown on SMM enthusiasts over the past few years as a dynamic social media marketer’s tool. With many useful features, Agora Pulse records viewer data and aids in crisp marketing policies, a prodigious social media publishing tool as well. Agora Pulse also utilizes a spam filter technique that resolves data traffic issues and regulates content on your social media posts.

With the growing demand for efficient SMM tools equipped with easy to use interfaces and exceptional functions, trending software such as these have revolutionized businesses with social marketing.

Role of SMM tools in marketing?

The applications of SMM software cannot be stressed in one go due to their manifold functions.

Time being the major concern; most users opt for SMM tools because they make use of time in the best way possible. With easy to use interface and time-effective management techniques, these tools help marketing professionals understand the market quicker and better as they delve deeper. From discovering new trends to conversation with prospects, these tools help control all your brand’s social media accounts on a single platform without having to individually log into multiple accounts. You can air information online within a set time frame and dictate the flow of customer interactions. Businesses witness drastic growth as the market presence is elaborated across diverse populaces. With SMM tools you can analyse and articulate continuous growth by building the unparalleled company profile.By segmenting a marketplace, businesses have authority over what information should reach which region and how much resource should be allocated for specific advertising endeavours. As a game changer, the commercial returns in terms of advertising and public relations is enhanced by maintaining a watchful eye over every step a business takes since inception and leap towards brand promotion.

The perks of SMM tools are infinite. You can manage conversations and set up polls or improve ratings at the click of a button. With a Birdseye view over every event you can prepare, reconstruct and refurbish new marketing strategies. By recycling posts at intervals, a technique available in many SMM tools, you can create a repetitive sense of urgency among people who come in contact with your brand. The customer should see that your brand value is above opposition. Among the many features that make SMM tools worthy, whether open source or paid, is the fact that the results are guaranteed provided that the content is appealing. Even if you have to pay extra bucks to reach out to the right people, SMM guarantees this output. The brand appeal will definitely attract more customers when the creative aspect meets with the perfect management strategy. The right social media management tool can be a substitute for an employee in regulating information and keeping tabs on business statistics

Leadership & Management in a Volatile, Covid-19 World

Workers exist in a volatile world. Management is also perplexed. The coronavirus has damaged the economy across the globe – the United States is no exception. Since more than 22 million U.S. workers are filing for unemployment, government officials and business executives attempt to balance public health against economic survival. More layoffs are surely going to occur as the pandemic keep people at home.

Yet, the economic pains can be felt across the country. Food lines are growing. A sagging economy persists. In fact, the U.S. has not seen these job losses during the Great Depression. The world is interconnected, thanks to globalization. The U.S. middle class hold their breath as the threat of more job cuts become a reality, thereby further eroding their quality of life. With the coronavirus before us, this article examines leading a volatile world.

The coronavirus has made its presence known, resulting in disruptive change throughout the globe. According to the World Health Organization, the coronavirus has infected more than 2,000,000 people in at least 177 countries.

To date, millions of Americans have been diagnosed with Covid-19, resulting in over 300,000 deaths. Although New York has been the center of the discussion, every state has been impacted. Unintended consequences continue to happen.

While the federal government rolls out a $2 Trillion stimulus package, President Trump and the state governors argue about who’s in control. Big Brother has arrived. The government dictates how private businesses must operate while restricting how citizens gather in the name of public safety. The results of the private infringements have sparked anti-government protests.

There needs to be a different type of leadership in a volatile world. Today’s pandemic, hypercompetitive environment needs high-performance organizations to sustain market success. Yet, many organizations operate from the same business structure from the Industrial Revolution.

In this setting, managers oversee workers to control their performance due to the fact that managers believe workers are inferior and have no passion to work. Most workers are willing to work if they are placed in a position to be successful, and there are shared rewards. Sadly, I have heard too many complaints about bad bosses and uncaring organizations.

There are too many managers and organizations that do not value the importance of their employees. These same managers are great at distributing tasks, but are unsuccessful in motivating their own workers.

According to a RAND Corporation survey, the nation is not producing enough future leaders with substantive depth in international experience and outlook. In fact, the survey outlines the following top attributes for having a successful career in an international organization in the public environments: (a) general cognitive skills (problem-solving, analytical ability, etc.), (b) interpersonal and relational skills, (c) adaptivity, (d) cross-cultural competency, and (e) the ability to work in teams.

However, in many businesses, the chore of developing leadership competencies is left to human resource managers. In fact, working in a global environment requires a different skill mix. J. Stewart Black, Allen Morrison, and Hal Gregersen, authors of Global Explorers, argue that every global leader has a set of global characteristics regardless of his or her country or industry.

The four key areas include inquisitiveness, perspective, character, and savvy. Business savvy becomes the word of the day because one must be able to think globally and adjust activities on the local level, as well as satisfying customers at all levels.

Leaders must be visionary so that they provide the organization a vision of what the organization wants to transform itself into in spite of the current situation. Leaders must push the decision making down to the lowest levels and empower employees to perform. Leaders must have integrity and lead by example. Leaders must have a global perspective in understanding that the world is interconnected.

Furthermore, leaders must be strategic so that they will look beyond today’s struggles to anticipate threats and seize opportunities. Leaders must know how to inspire and motivate workers to perform. Leaders must value diversity and maximize the most out of their talents.

In fact, these competencies promote the necessity for leaders to learn how to work effectively with people who have different languages, customs, and social values. Leaders must make people accountable but share the rewards of the organization’s success. Leaders must learn how to listen and respect their employees so that they can maintain trust throughout the organization.

In summary, the coronavirus is not leaving our planet any time soon. Societies across the globe will need to make adjustments to the new normal. Therefore, organizations cannot continue to stumble through this global environment.

In fact, desperate times should demand immediate actions. With millions of unemployed and outsourcing of high paying jobs abroad, these market trends should get more of anybody’s attention. Organizations that want to sustain success in the future can no longer continue in the same mode of operations.

This article demonstrated the critical need to select the right kind of leadership in a volatile world. Success will largely depend on their ability to manage their resources, seize strategic opportunities, and inspire their workforce toward greater performance. Let us pray that it is not too lat

© 2020 by Daryl D. Green

5 Uses Of Travel Expense Management Software

In today’s competitive era, a lot of organizations still manage their travel expenses in a very unorganized manner. The traditional way wastes employee time and productivity and increases the stress of Account payable and Finance team in managing the process manually. To gain competitive advantage, organizations need to move to travel expense management platform that integrates travelers, approvers, travel desks, travel agents, accounts payable and finance on one portal to reduce miscommunication and streamline the process. Unnecessary trips and wasteful cancellations are decreased, travel is only with authorized vendors and travelers function within the recommended procedures and systems. This saves both time and money. Below mentioned are few benefits of an efficient Travel Expense Management Software:

Structured Travel Policy

Earlier when accounting for travel expenses was done manually, it was difficult to keep track of all the expenses and cost incurred. With the travel expense management software, the travel policies will be very clear and erroneous payments can be highlighted. Common travel expenses including hotel and food ought to be written down clearly. This helps in preventing issues in the future.

Expense Visibility

The finance and accounts payable team can get a clear visibility on the spend made. They will have all the related information available in the system with details of the same. They can easily know which department is spending how much and can put budget control wherever needed.

Efficient Processes

Entering expenses manually into a spreadsheet can be really tedious and can tend to be inaccurate. It becomes difficult for the accounts payable and finance team as well if you have several hundred employees in an organization. This is where the travel expense management software comes into the picture. The software allows employees to report their expenses in the system which automatically follows the workflow and goes for approval. Post approval it goes to the relevant department for authenticating and processing the payment. The entire process is seamless, automated and quick for employees and internal departments.

On-Time Employee Reimbursement

If you take too much time to reimburse your employee, it will lead to growing resentment. It could also lead to employees hesitant to go on business trips and maybe even flat-out refuse, which would ultimately affect the business. The software allows the employees to report their expenses on the go and it immediately goes for approval and payment. The entire process is quick and automated which saves a lot of time and helps to reimburse employee expenses on or before time.

Employee Travel Expense Trends

With a spreadsheet, it is difficult to say if a particular employee’s expenditure is atypical to the normal pattern. The software helps to capture data and analyse the trend based on historical data. Management can run multiple reports and get analytics to help them make business decisions. For ex. It is easy to look up different trips and find out whether inflation is bringing up the expenses or if the employee is skirting along the edge of allowed expenses. Both the Travel Expense Management Software and the Procure to Pay Software helps bring financial control in the organization saving a lot of cost and time.

Top Hotel Management Colleges in India

Introduction

Over the last few decades, Indian tourism has experienced continued growth and deepening diversification to become the fastest growing economic sectors in India. Tourism has become a thriving global industry with the power to shape developing countries. Currently, tourism has become the 5th largest industry in the global economy. Its benefits and challenges keenly observed by the government’s influence the economic, sociology-cultural, environmental and educational resources of nations. The positive effect of hospitality and tourism on a country’s economy includes the growth and development of various industries directly linked with a healthy tourism industry such as transportation, accommodation, wildlife, arts and entertainment. There are vast opportunities available for Hotel Management graduates with their demand both in India and abroad. This increased demand and brought various good colleges in India to offer Hotel Management short term and long term degree courses.

Most popular courses in the Hospitality Industry

  • Bachelor of Arts in Hospitality and Tourism Management
  • Bachelor of Business Administration
  • Bachelor of Science in Hotel Management
  • B.Sc. in Hospitality and Hotel Administration
  • Certificate Course in Hotel and Catering Management
  • Craftsmanship Course in Food and Beverage Service
  • Craftsmanship Course in Food Production
  • Diploma in Food and Beverage Service
  • Diploma in Food Production
  • Diploma in Front Office
  • Diploma in Hotel Management
  • Diploma in Housekeeping
  • Hotel Reception and Book Keeping
  • Master of Business Administration
  • Master of Science in Hotel Management
  • M.Sc. in Hospitality Administration
  • Post Graduate Diploma in Accommodation Operation and Management
  • Post Graduate Diploma in Dietetics and Hospital Food Service
  • Restaurant and Counter Service

Various Career Opportunities for Hospitality Graduates in India

  • Management Trainee in Hotel and allied hospitality industry
  • Kitchen Management! Housekeeping management positions in Hotels after initial stint as Trainee
  • Flight Kitchens and onboard flight services also offer career opportunities
  • Indian Navy Hospitality services
  • Guest/Customer Relation Executive in Hotel and other Service Sectors
  • Management Trainee/Executive in international and national fast food chains
  • Opportunities in Hospital and Institutional Catering
  • Faculty in Hotel Management/Food Craft Institutes (after requisite work experience)
  • Opportunities in Shipping and Cruise lines
  • Marketing/Sales Executive in Hotels and other Service Sectors
  • Opportunities in State Tourism Development Corporations
  • Opportunities in Resort Management
  • Self-employment through entrepreneurship
  • Opportunities available in multinational companies for their hospitality services
  • Opportunities for commissioned job in Indian Navy.

List of Top 5 Hotel Management Colleges in India:

  • IHM- Pusa, Delhi
  • IHM, Aurangabad
  • Oberoi Center for Learning and Development (OCLD)
  • UEI Global
  • ITM, Mumbai

Choosemyrewards: The New Chase Credit Card Rewards Management Tool

In previous articles, I have discussed travel, cashback, interest-savings, and merchandise rewards programs. These rewards specific cards are geared towards people who are grounded in which type of rewards they would like to earn.

For those who are indecisive or those having different rewards interests at different times of the year, should take an interest in the Chase choosemyrewards program. There are two different flagship cards involved in this program, the Chase Cash Plus Rewards Visa and the Chase Flexible Rewards Visa. Both cards offer 0% APR’s for 1 year, and low APR’s thereafter. Statistics show however, that the approval rate for the Chase Cash Plus Rewards Visa is higher.

Let’s take a minute to explain the choosemyrewards program. Like any other rewards program, there is a point system for both cards. You receive one point for every dollar spent on purchases with each card. When these points are accumulated, you then have the option of redeeming them for a variety of goods or cash. Here is what distinguishes these two cards from all other programs. At any time, you may login to the choosemyrewards page on the Chase server to elect which type of rewards you would like to receive. Choices include merchandise, restaurant gift certificates, retail gift certificates, travel rewards, and with the Chase Cash Plus Rewards Visa up to 5% cashback on purchases.

Many other rewards programs make it very difficult for the consumer to redeem rewards, let alone choose them. Typically, you would have to call up the company, wait on hold to get in touch with the proper customer service representitive, and then listen to them give you your list of options before ultimately processing your decision. With the choosemyrewards program this is not the case. In the mail with your new Chase card, you will receive a login pin number and the web address where you may access your rewards account. After entering your pin number, you may view your points accrued and a list of all rewards options. You may then scroll through the list of options and choose the rewards you would like to receive.

It only gets better. Let’s say you logout of your account after you choose your rewards and realize that maybe you didn’t really want that gift certificate to Home Depot that you signed up for. Instead you’d like a gift certificate to your favorite restaurant. All you have to do is simply log back in and switch your reward redemption. This is a very simple and painless process and gives you, the consumer much more control.

Many people save their points until the end of the year, because they never expire, and redeem their points to give gift certificates as holiday presents. Others take a trip to a warm place during the winter. Others just simply trump in on a cashback award in the form of a check. Whatever your interest are, or if they change, enrolling in the choosemyrewards program will make your rewards management more user-friendly and thus, much easier.

Exit mobile version