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How global factors affect business environment
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The dynamic nature of the economy, which has forced companies and even countries to file for bankruptcy, is very un-nerving for a person who plans to begin his business endeavor. The volatile environment did heighten my caution to an extent, yet my drive to be an entrepreneur did not quaver. Like many youngsters, my ambition was to set up my own business with the ever-real cause of money making. A realization to broaden the reason to further my ambition soon drifted from just monetary benefits to a passion. This was moreover, justified by my experiences at university and work. The various projects and internships I completed during my coursework in university and the exposure I am currently gaining working for Logistics Company has given me considerable insight on identifying opportunities dealing with threats and assess my own strengths and weakness. While my long-term goal is to start up my private venture, I do realize that launching a business is the easier part of it, but growing and sustaining …show more content…
I keep in touch with current affairs, ranging from international business to general knowledge. I believe gaining a wider cultural experience is essential for meeting the increased challenges of a border-less economy. Having lived my entire life in United Arab Emirates, I have been fortunate enough to have had the chance of interacting and networking with people of various nationalities. This was further leveraged when I got my first full-time job in the Exhibition and Events department at Bridgeway Shipping and Logistics. I decided to work in the operations department with the sole purpose of detailed learning of how trading takes place over global boundaries. Apart from facilitating export formalities of exhibition cargo, my job also requires me to deal with international clients on show sight and make sure their necessities.are
The National Hockey League (NHL) is one of the most popular sports in the United States. The professional sports industry is based on profit, competition, and growth. This industry which includes, baseball, football, basketball and hockey has the ability to generate approximately $8 billion in revenues annually. This revenue is generated from, ticket profits, media revenues, licensing fees for names and logos, merchandising revenues, endorsements, luxury sky boxes, parking fees, and concessions. One famous hockey team is the New York Islander’s (NYI), who became the dominant team after winning the 1983 finals. Their fame quickly diminished in 1984 when they lost the Stanley cup finals against Edmonton Oilers, four games to one. The Islanders have not won another title since that time which resulted the team to enter a slump that would be difficult to recover from as fan attendance and sales began to decrease for the team. With fans on their last legs the New York Islander’s management team must attempt to pull this team from the miserable slump they are in. Management must develop a...
Success for any small business owner depends on the lucrative employment of sound marketing strategies. It is essential that a business, especially a small business or fledgling company, define themselves as a company, because it only then, that the business can develop a business marketing strategy that is reliable. Moreover, a sound marketing strategy remains a crucial element for the development, as well as, the growth of the company allowing it to achieve, in addition to communicating both the goals and the objective of the business to all concerns (Hemley, 2013). Thus, a marketing consultant, assist the business owner in targeting a specific audience, as well as, correlating the distinguishing factors that separates the business from its competitors. Subsequently, these three components, the discovery of the true business identify, the
Being in Upward Bound has been my greatest privilege and source of motivation. I was one of lucky 12 who was selected from my class and since we spent three summers together, we have created a powerful bond with each other. Ms. Norma, the director, has helped me grow tremendously throughout these years and she has been one of my greatest role models. During my summers in LMU, my UB peers and I were put in positions where we had to work together to solve many problems. Activities like these helped me become better at working alongside others and take the lead when needed. This mental training influenced me to become active in school by joining clubs and taking leadership positions. I learned a lot about myself by being participating in these
During my last year in high school, I developed a desire to learn and understand the business in order to help my parents in the future. As a result, I chose to study Marketing at Thammasat Business School. In my third year of studies, I joined the 27th Marketing Trainee Programme hosted by the Marketing Association of Thailand, where I have experienced first-hand training from professional marketers and took part in marketing stra...
Inside and outside of school I pursue passions that peak my interest and thus give me motivation to follow them. These motivations have lead me to place the Air Force Academy as one of my top picks for schools and careers in the future. What I feel that I could uniquely bring is that I have a persistent passion for space exploration, unique hobbies, and a constantly analyzing global affairs. All through my life I have been interested in space exploration. In high school I began to teach myself related physics and mathematics topics before I got access to the class.
I am ready to begin an educational experience at Olin Business School that will provide me with the business knowledge I lack at this point in my career in order to shape my future business career and succeed in the financial field. I am confident that my professional experiences reinforced by the personal dedication, hard work and business ethics I have built in the last five years have refined me to seek a superior education from Olin. I am very excited to be able to challenge myself by setting my professional goals very high knowing that an MBA from Olin will undoubtedly help me to reach my short-term and long-term goals and support me to prolong my passion throughout my career.
Choosing a career in marketing can lead a person in many different directions within the defined roles of marketing. Composed of many facets and activities marketing careers offer a variety of avenues for the career minded to explore while offering growth and opportunities for advancement. A common denominator for many who choose a career in this field is the sense of ownership, or entrepreneurial spirit with regards to the products or services that they are working to market. Marketing requires that an understanding of customers’ needs and desires be acquired and then translated into both product development as well as communications as part of the marketing strategy. This paper will explore what is entailed in a career in marketing, as well as what the future holds for the profession. Because marketing professionals are needed by every company and in every industry, the career potential and chances for finding ones niche within the career field are virtually unlimited.
In writing the business plan, I determined our target market and our marketing strategy to gain a share of the market. I also had t...
I began to challenge myself to take risks and make choices that were considered impossible and against the status quo. Right out of college, I had multiple offers from large organisations, since my year abroad enhanced my chances as a suitable candidate for job recruitment firms. However I chose an arduous task to help build a startup in freight and forwarding from the ground up with a friend. Culturally, this is seen as a male oriented industry, but breaking barriers and norms of society motivates me to excellence. Being part of a smaller organisation gives me the opportunity to challenge myself each day and measure my impact. The startup experience in the last four years has taught me passion and commitment by dealing with the roller coaster that comes with establishing a business especially in a like
The 4 p’s are a vital part in which the product goes from the factory
Often times, I can’t help but wonder what my life would be like if I haven’t been exposed to the world of business; a wonderful career that changed my life completely. I have taken interest in business career because I love calculating numbers and interacting with people; But most importantly, my fascination in business came from my grandfather. He taught me many valuable tips on how to be a successful person, and most certainly how to run a business. He was not only a successful businessman, but also a respected individual. One of the businesses that he owned was a company called “Wu Long Tea Factory”. The main thing that they produce is tea of course, but they also have products such as cakes, candies, and all kinds of stuff. By being the production manager’s assistant of this company, I was able to experience everything that was going on in the factory. Even though that was the background I grew up in, my biggest fascination wasn’t in being a manager in a factory; it was the finance part that got me all excited. Often times I can even see myself sitting in my office and work on clients’ financial profiles and statements. I also took extra math classes and participated in many of the competitions in order to prepare myself to succeed in this particular field. Other things that I also did to get me well prepared are joining school activities, applying internships, and having jobs. I believe that all my hard work will pay off, when I see myself as a successful businessman.
At the start of this module, I had no idea what to expect. When I heard the term “Marketing”, only one thing came to my mind: presentations. When I used to be in school, I remembered vaguely that my presentation skills weren’t exactly even close to Suze Orman, who is considered to be America’s most motivational speaker. In fact, they were so bad, I wasn’t sure of doing this course in the beginning. But then it wasn’t like I had a choice. I had opted for BA Hons. Business Management and the course came along with a module named Marketing.
...rks. In a word, the MA experience was considered to be a bridge that combines the student learning with working skills, it would be of great help for my future career.
I am excited about continuing my academic career at Baruch. But, I am especially excited about working with educators like Peter Hall, Stan Altman, James Krauskopt, and Michael Seltzer. Their knowledge and experience in non-profit will prepare me for furthering my career. In addition, I am truly inspired by the mission statement of Baruch College. There is a sentence that reads, “The College’s graduate programs focus on professional preparation that enables students to become leaders and innovators in their fields.” This sentence defines the reason for the pursuit of my MPA and my career goal in the non-profit sector. For that reason, I know that Baruch College is where I will be able accomplish this goal.
We learned a lot of things in this course, but I think the most important lesson I learned is that it’s not easy to be an entrepreneur. I was surprised to hear in the first class that 80% of startups fail, but after reading The Art of Start and E-myth Revisited I understood why this happens more often than one might expects. Some people start their own businesses for the wrong reason and some start with wrong mindset. I’ve always thought that if someone has a brilliant business idea and hardworking they will succeed and grow their business. However, now I know that there are many things to consider before starting any business. In fact, there are many strategies that an entrepreneur could follow to achieve success, such as know your customers, work “on” the business, and how