Business Essay Example for Free (#4)

Business Essay A. 1. As I began my journey as a new business owner of a computer company I needed to define my company’s goals, decide which direction I wanted to take the company to and create a mission statement that will best represent my company. Since the company was new I needed to come up with something catchy and promising that would invite potential clients to find out more about the products we offer. Since there were more participants in this game and from my professional experience I learned that staying on the same path and making advancements is more beneficial than trying to change directions every time. In this case I remained focused on the same two groups for the remaining 3 rounds. Instead of changing and adding more products every quarters like most of the other participants I kept my two models (one for each group) and made necessary corrections and modifications based on the market needs. I verified the requirements of each group, the priorities and the price range each client is willing to pay. Since there are no specific techniques used in this part of the business analysis I used my own judgment in making sure that I create the best product with the items that are most important to the potential client group. As stated above I initially created two products (one for each group) and after the first round they both passed 70% but in the scientific group it was not chosen as one of the best. In the second round I was given an option of reviewing products of my competitors and the only difference was the larger monitor and an upgraded keyboard. I added those options to my products and in the next round both products did very well. I had to make sure that in the nest round I keep up with the new upgrades and add them to my products to make sure that I keep up with the new technology. Even after making the upgrades the prices did not change a lot and the two groups still chose my product as one of their choices and my products were receiving 100% in both categories. Out of all the categories my market performance would produce larger results if I was not afraid in estimating more clients and produce more computers in both categories. Every quarter I ended up loosing clients and sales due to shortage in inventory. My market performance, marketing effectiveness and human resource management remained slightly low even though I was very close to my competitors. As far as my salary package I paid my employees the most but I only contributed 2% of their salary versus 5% that everyone else was contributing. I believe that salary is more important than the retirement contribution. I upgraded health benefits but kept the contribution the same. 2.I would not change the targeted markets I have selected because my decision was a success. I wanted to make sure that my company will have balance between high paying clients and not as much demand and those where the profits are not as high but the demand is much higher. My analogy was right on target because with the Mercedes I was making higher profit but the number of machines was not as high as the market for general public where the profit was significantly lower. After being chosen by both markets as a preferred factory I had to make sure that I am keeping up with current technology and by adding extra features the price difference is not too high so that I would loose my lower profit clients. With that business idea I was able to survive my competition and climb up to the top. 3.When it comes to the sales locations I selected I believe that I have done enough research to make a good decision. Since I have chosen Mercedes for scientific computers and general public I wanted to make sure that I cover United States since Mercedes mainly operated in the US and their main headwaters are in Germany. Therefore I chose NY as one of the first offices along with France in Europe. My next choice was Tokyo since they have the most advanced technology and I can use that as my selling point to generate more business. My last choice was South America even though the expenses were not as high but it is less demanding since the poverty is significantly high. As expected, choosing my locations in this order was a success. 4.Marketing research could definitely be improved since I was not as successful as I was hoping to be. Most of my business was coming from direct sales and not as much from other advertising. I did not want to invest large amounts of money on the popular magazines since the fee was very high and I was concentrating on more common papers such as Science Magazines and business papers. Maybe I should have been more adventurous and invest in more popular magazines but I was afraid that I would suffer financially. Also I was not able to come up with a very catchy advertising line to attract potential clients and was scoring somewhat low on the advertising review. B.One of the most important decisions I made was to invest in international markets. Since Mercedes is from Germany and its factories are in the US I felt as investing in a European market would be a good idea simply because I come from Europe and I know that Mercedes is in demand as well as there are a lot of companies in need of a highly developed machine that can make their discoveries and creations a lot easier. I was a little hesitant about opening offices in Tokyo since their technology is very advanced and cost is very high. But because of that I decided to stand with competition face to face and use this to my advantage. By creating same quality machines for a little lesser cost I was able to survive and beat most of my competition. South America had smaller expenses but the demand was not very high considering the high number of less fortunate individuals. If investing in the international markets required large funds I would concentrate on the US market and possibly South America. Unless I discovered high turnaround and my investment would not affect my company’s future I would consider this option. Throughout my entire game I was very cautious and I was afraid of heavy investment simply because my funds were very limited and I did not want to jeopardize my company over greed and quick wealth. After reviewing my financial reports I was able to determine if additional investment is possible and how my this would effect the company overall. Heavy investment would depend on how the financial statements looked, careful review of the international markets and position of the company in the global market. If the company would not be as successful at the end of the 4th quarter as I wanted it to be I would most likely find another route to expand my borders. Business. (2017, Feb 03).

Building Personal and Professional Competency Essay

Building Personal and Professional Competency - Essay Example The researcher states that he has applied the Concept Mapping (CM) and the combination of CM and Stimulated Recall to help him detect the degree of his personal and professional development and subsequently adjust through vocational educations based on the comparison between CM and SR benchmarked against three elements of adequacy; content, richness and coherence that aids in determining the best personal professional theory to be applied in personal and professional development. As noted by the Maslow’s theory of needs, self-actualization is key to an individual’s life. The researcher has consequently realized that for him to develop a sound personal and professional proficiency, he must recognize and appreciate the need to self-actualize. Besides, the author has developed an insight into creative and critical thinking based on his realization the importance of a rational thinker in society. The researcher’s realization of individualization and individualism has subsequently shaped his ability to work with people and subsequently recognize to appreciate one’s viewpoint. Through his life, the author has been inspired to help people realize the impact of their thoughts, action as well as feeling to the society as a whole. The researcher has stressed to societal individuals within my reach that our actions should be well thought and 3-dimensionally driven. In so doing, the author has realized the persona in him based on the outstanding feature of the problem-solving individual. Professionalism involves working with people inter-dependently, and therefore, building a team through proactively empowering people to know what kind of objectives, values, goals, and policies is an inevitability for personal and professional competency buildup. The researcher has further showcased the outstanding of personal development and communicated such benefits as increased personal control, stress reduction, realistic and creation of system balance.

Rhetoric and Sterotypes Essay Example | Topics and Well Written Essays - 750 words

Rhetoric and Sterotypes - Essay Example Politicians themselves use negative rhetoric against their opponents. People use negative language and rhetoric talking about politicians that further enhances the hatred for this group. They call them people who spend money wastefully and fill their own pockets to enjoy luxuries while common man suffers. They often call them cheaters, frauds and inhuman, and say that â€Å"good people don’t go into politics† (Baker, 2006). The stereotype that labels a tattooed body is one of the most misleading stereotypes which to some extent is true but to a large extent, is false. Public stereotypes tattooed persons as being criminals, addicted to drugs, drunkards, having loose characters like being involved sexually, dirty, rude, indecent, disrespectful, and possessing bad manners. They are thought to be rebellious and violent gangsters. They are also stereotyped as foolish persons sometimes who have no respect for their bodies. Tattooed women are thought to be sluts and whores (Smith, 2010). People see photographs of wanted criminals in newspapers some of whom might have decorated their bodies with tattoos, and they link the same image to every tattooed person which is wrong. People sometimes think of all tattooed persons to be bad and naughty because in some religions, tattoos are totally forbidden, and people decorating their bodies with tattoos are condemned seriously. Public uses negative rhetoric against suc h persons regardless of the reason why the person got himself tattooed. Most often, it is just the fashion and style that compels one to get tattooed. People have also stereotyped feminists and the label goes to every person who supports feminist theories. Feminists are most commonly stereotyped as lesbians who hate men and will do anything to kill any man coming her way. This is a very negative and a very severe kind of stereotype that does not hold any truth in it. Thinking of a feminist as a hard core lesbian is not