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Business leaders and corporate management always remain interested in learning about the past experiences of their contemporaries. The life and times of Sam Foti can provide them with an excellent resource. He was the person that was not even interested in the financial industry in the start and pursued law degree. He, however, changed his mind and returned to the realm of businesses and investments.

Samuel J. Foti joined the Metropolitan Life Insurance Company after completing his Masters Degree in Finance and Investments from the University of Pennsylvania in 1977. In 1988, he was a vice president of the company and on the course of promotion but instead opted for The MONY Group. By dint of his sheer hard work, he earned the position of President and Chief Operating Officer in 1994. He started the modernization campaign and introduced computerized working procedures. A revamping of sales force resulted in costs savings and financial well-being of the company.

 Samuel Foti  ultimately headed the negotiations for the company’s $60 million acquisition with AXA Financial in 2004. He oversaw the business integration of MONY’s with AXA; he was also a part of workforce realignment and expansion within the parent group’s business.

The key to having an efficient business to have complete knowledge about your business at all times. The first step is to keep track of all the resource ins and outs of one’s business, a phenomenon commonly known as inventory management. It is a subject being vigorously taught at business schools for the smooth running of any type of operations. Cornerstone automation systems (CASI) has developed inventory control softwares that set and maintain rules for inventory control based on the needs of each business.

Making checklists for stock replenishment, delivery deadlines, and many other minute details take up a lot of precious time if you yourself are managing the business. CASI’s inventory control software works as your right hand man. It customizes the inventory, sets replenishment timeframes and coordinates deliveries. Advanced modules also go to the extent of having an option for automatic ordering facility. Once the parameters are set, it feels as if one has hired a virtual inventory manager. Furthermore, one does not need a degree in softwares to work with this software as it works on the regular windows XP interface.

In teams, members need to talk to each other to achieve what the organization is expecting from the team. While engaging in teamwork, interpersonal communication is very common. Interpersonal communication is when two people or more are talking to each other and expressing their ideas and opinions to each other. Interpersonal communication is known as a two way process, as at least two persons are involved in interpersonal communication. There are many kinds of communication members use to facilitate team collaboration:

·    Intrapersonal communication

·    Interpersonal communication

·    Teamwork communication

·    Group communication

·    Public communication

·    Media communication

·    Intercultural communication

Teamwork communication makes business teamwork work easier for people to perform in an efficient manner. Speaking and listening are very important concepts when working as teams. Everyone in a team wants to speak about their ideas and everyone should listen to each of the other members, as this is what will make a strong and effective team. Understanding team work communication is essential for every member because good communication is essential for team members to express their views in a positive manner.