Welcome to your iFolio

by 042686 on May 22, 2014

Your iFolio is a school provided web space that you will use throughout your time at CDNIS. You will use your iFolio to define your learning goals, show your learning journey, reflect on your learning and how you have developed your Approaches to Learning skills, share your best work and celebrate your achievements.

Your iFolio, in time will provide a better picture of who you are as a learner and as an individual. You are therefore highly encouraged to personalize your iFolio. You can start off by selecting one of the 60+ themes available.

Before you start using your new iFolio, follow the steps below to change the ‘Home’ link within your navigation menu to point to your site:

1. Go to your Dashboard menu options (link will open in a new tab)

2. Expand the ‘Home’ menu item by clicking on the downward facing arrow

Home Menu

Change Home Menu Attribute

3. Append the URL to read http://sites.cdnis.edu.hk/students/your_student_number, where your student number is in the form of six digits e.g. 012345 (you can find your student number on your library card)

Home URL

Home URL Link

A final note, please bear in mind that your iFolio is a publicly accessible space, and ensure that the content you post and the language you use is appropriate.

Feel free to delete this post from your Dashboard once you have finished reading it!

Featured image used in this post by Nathan via Flickr Creative Commons

Welcome!

by 042686 on September 9, 2013

Welcome to my blog, where I post my digital learning at school!

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Competitions in Businesses

by 042686 on November 10, 2015

Competitions in businesses is the number one strive of advancement for the human race. Without competition, entrepreneurs would never try to best each other in price and quality, and that is what increases productivity in the human race. Without competitors pushing for innovations, then we as a whole wouldn’t advance nearly as quickly.
So how did what I have learned about competition in businesses helped me understand the SOI?
The lesson I have learned about competition in businesses helped me understand the SOI (Understand that businesses operate within a system whose structure is influenced (causality) external factors) because the structure of businesses is influenced by external factors such as better innovation or inventions from their competitors.
How does what I have learned fit within the relevant global context?
 What I have earned fits within the relevant global context (The focus of this unit will be on the identities of the different parts of a system and the relationships that exist between them) as I can now distinguish the relationship(s) that exist between me and other competitors. Competitors are people with the same or relative objective, and the only thing that will allow them to be better than the other is prices, quality etc.

How does what I have learned help me to answer the relevant inquiry question(s)?
 (To what extent do companies compete indirectly with each other?) Companies indirectly compete with each other as the competition pyramid as they go down in the competition pyramid model. The further down, the more indirect but also the more competitors people will have as the competition there is 10broader.

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Chain of Productions

by 042686 on November 10, 2015

The chain of productions in businesses is the different economic sectors that raw materials go through in order for it to be manufactured into the product itself. Say an iPhone, the raw materials such as minerals, undergo a process in which they are shipped to different places in order to be manufactured
So how did what I have learned about chain of productions helped me understand the SOI?
What I have learned about Chain of Productions has helped me understand the SOI (Understand that businesses operate within a system whose structure is influenced (causality) external factors) by teaching me the system in which businesses operate within. This is the system that all businesses go through and is what processes their raw materials into the product they have invented or innovated, and is using that to create a profit. The class helped explain to me how each sector is categorized in the chain of productions and more specifically told me what each section does.
How does what I have learned fit within the relevant global context?
What I have learned fits within the relevant global context (The focus of this unit will be on the identities of the different parts of a system and the relationships that exist between them) because I now know the different parts of the chain of production system (primary, secondary, tertiary etc.), and alongside that I also know the relationships that each of them have. I know what each section does and how they are being categorized, and how they help or assist each other interdependently as a whole system.
How does what I have learned help me to answer the relevant inquiry question(s)?
What I have learned helps me answer the relevant question of ‘What path do raw materials take to consumers’ because I now know the process or system of the chain of production, and is able to explain it. The raw materials are usually directly obtained from primary sectors, such as oil from oil rigs etc. They are later than moved to secondary sectors which is where the raw materials are put together into finished products or goods. Tertiary in ways are the utility of the system, they provide transportation and other services to the system.

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Economics

by 042686 on November 10, 2015

Today we had a simulation about economics, specifically how the market works regarding economic shocks. We later learned that these economics shocks come from sudden events that affect the market and not slow phenomenons that occur slowly over time. These economic shocks create ‘gaps’ from the different quantity curves and creates either a surplus or shortage, and is what changes the prices of products.
So how did what I have learned about economics helped me understand the SOI?
I understand now that ‘businesses operate within a system whose structure is influenced (causality) external factors’ as economic shocks are external factors which affect the market. They change the price for either higher or lower depending on the economic shock, as they can be positive or negative relying on how it is depicted to the customers.
How does what I have learned fit within the relevant global context?
I have learned the global context of ‘identities of the different parts of a system’ because I now know how to identify a graph of economic shocks which is a form of system in which the economy runs and changes from.
How does what I have learned help me to answer the relevant inquiry question(s)?
This lesson has helped me naswer two of the inquiry questions:
How is equilibrium reached in a market? and How is price determined in a market? Equilibrium is reached after the new equilibrium is obtained after an economic shock, creating a surplus or shortage which forces the prices of a product to move. The price is also determined from events around the world (economic shocks), and later then more directly affected as they affect the equilibrium of their market.

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Design Day Reflection

by 042686 on November 5, 2015

Today was the first design day of this year. These design day’s take up a whole day but is essentially an quick debriefing of how the whole design project will pan out. Mr. Rahmen presented the list of tasks we had to complete by today and was overall impressed by our work ethics.

One of the first tasks he introduced us was the usage of Evernote. I have heard of Evernote before but never tried using it myself. From what I have heard myself, it is a note taking app which is very convenient and simple to use. I have seen many of my friends in the past use it to take down homework or jot down notes during class, but did not know that like Google apps, is able to be shared with others. After downloading Evernote, it only took me a few get used to the basics of it. After awhile, I have realized that this is going to be the substitution of Google Docs, which was used for the past design projects. This is kind of the “work station” if you will, it is where we will be completing, submitting and reflecting our work.

After that, we had to complete the tasks A1-A3 by the end of the day in which instructions and the task itself was listed in the Evernote folder we downloaded through Moodle. For task A1, we had to recognize the challenge and overall task of the design project so that we have a clear idea for ourselves what we have to complete. We had to review questions such as who was our target audience, the benefits and advantages of a graphic novel in contrast to a novel etc. I peered and sketched out my answers throughout all three tasks to just jot down my main answers for each question, later returning after the design day to expand on the answers. This took me around 10 minutes to complete which was very quick and very much under the given time.

I then used the extra time given to work on other tasks. A2 had us make a mind map of the KWL model (Know, Want to Know, Learned), which is pretty self explanatory, you write out what you know already (prior knowledge), what you want to know or learn, and what you have learned after. Task A3 relates very much to A2. Except we had to translate the information in our mind map into a small table which was provided. At first, I didn’t really understand and didn’t know that each strand had to relate with each other, but after peer reviewing one of my friend’s, he made me realize that each had to correlate and I quickly edited mine. Both these tasks took me less than the given time, so that gave me extra time to furnish each task.

Overall, the design day was a very productive day which allowed me to acquire a better understanding of the task given to us. I worked very efficiently and completed the tasks under the required time, allowing me to expand and elaborate more onto each task.

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Entrepreneurship

by 042686 on October 5, 2015

 What is entrepreneurship? Entrepreneurship is the process of starting a business, most often with an innovative product or service.
So how did what I have learned about entrepreneurship helped me understand the SOI?
After learning about entrepreneurship and entrepreneurs, I have acquired knowledge that without innovative ideas, they will be unsuccessful and be taken over by other competitors in the industry. In class, we analysed a case study in which a fitness center was struggling financially, until one of the owners took a risk and rented out a stage in a mall for advertisements, and was later rewarded with an abundance of new customers.
How does what I have learned fit within the relevant global context?
I have acquired knowledge as of why our global context (orientation in time and space) is relevant to what we learn. Entrepreneurs need to be smart when it comes to timings in order to be successful. For example, if an entrepreneur opened up a Korean fashioned clothing store during which Korean fashion is very popular, he would be very successful because he recognized the opportunity and opened up a store during the time of which Korean fashion is new and popular before any other companies/entrepreneurs. Moreover, if you introduce an innovative service/product, you will be largely more successful than the other companies that try to be as, if not more successful as you by improving your product/service.
How does what I have learned help me to answer the relevant inquiry question(s)?
This lesson has assisted me on answering the relevant inquiry questions because I now know why entrepreneurs respond to the need and wants of society. By innovating a product which creates a simpler, more effortless way of doing a certain action, helps decrease the limitations of the needs and or wants of society. An example of this could be spoons. People still could have ate and consumed food back then without a spoon, however there were many limitations such as that they couldn’t eat the food when it was hot, and that it would get their hands dirty. However, the spoon solved those problems and more to help improve the wants of dining for society.
How does what I have learned connect with what I have learned previously to enrich my understanding of the SOI?
Successful entrepreneurs, much like other famous successful entrepreneurs must have the trait of being persistent. Without persistence, entrepreneurs will very quickly give up after a few failures and never have the experience to turn those failures into lessons instead. Moreover, businesses going bankrupt or failing financially is extremely common for entrepreneurs, therefore failures must be transferred into experience for lessons so that they are able to learn and improve on their future businesses.
Examples of real world situations that help explain the content further.
From previous lessons/assignments/tests, we were given simulated real world scenarios. One of these included a hair salon that introduced haircuts which were Korean fashioned. They were the first in Hong Kong to implement the very popular Korean fashioned haircuts, and was then rewarded with huge success. The owner recognized the popularity

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Organization Types

by 042686 on October 5, 2015

There are two types, or sectors which categorize organizations.
Firstly, there is the Public Sector (aka State Sector). These organizations are majority owned (51+%) by locals, regionals/provincials or national governments, and are often not for profit purposes. Some examples of these are the Hong Kong Post and LCBO (Liquor Control Board of Ontario).
Then there is the Private Sector (aka Commercial Sector). These are majority owned and run by private individuals, partnerships and corporations. These are not controlled by the state in any way and is often for profit. An example of this is Habitat for Humanity.
So how did what I have learned about organization types helped me understand the SOI?
What I have learned about organization types has helped me understood the SOI (Understand that entrepreneurs must innovate in order to remain competitive over time (change)) by enlightening me about the types of organizations entrepreneurs can be. They are usually in the private sector as it is mostly run by individuals, partnerships or corporations. They also have no relations to the state and is mostly for profit, which is what the majority of entrepreneurs are motivated to do, to earn a profit.
How does what I have learned fit within the relevant global context?
What I have learned also fits within the relevant global context (The focus of this unit will be on how individuals respond to changing opportunities and how business forms evolve) because I am now able to recognize entrepreneurs respond to their changing opportunities through the usage of different organization types. Depending on their opportunity, they can be categorized into the public sector or private sector, which then can be subcategorized into microfinance provider, co-operative etc.
How does what I have learned help me to answer the relevant inquiry question(s)?
What I have learned is able to assist me in answering the relevant inquiry question ‘Is there an optimal form of business’. The answer is no, there is not an optimal form of business. Different types of businesses both have it’s ups and downs, but it is mostly based off the goal of the owner. Moreover, businesses are categorized for it’s usage or goal, not # of advantages or disadvantages, therefore the most optimal form of business cannot be simply answered.

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Invention & Innovation

by 042686 on October 5, 2015

Inventions and innovations are often mistaken and confused amongst one another, but today we distinguished the differences and definition between them.
So how did what I have learned about entrepreneurship helped me understand the SOI?
To innovate is one of the key words in the SOI, so by learning to differentiate and to define innovations and inventions is very important and helpful towards this.
How does what I have learned fit within the relevant global context?
Our global context, orientation in time and space helps relate because inventions are the formulation of new ideas for products, while innovations are to make changes in something already established. Our global context helps define these two terms in which time is related and would otherwise very much have the same meaning.
How does what I have learned help me to answer the relevant inquiry question(s)?
After being able to define innovation, it has helped me answer the question of why people innovate. People innovate because they are applying the idea (invention) to a product or process. Not only does this improve the initial idea, but also advance the human race as a whole as it prompts others to also build onto the innovation.
How does what I have learned connect with what I have learned previously to enrich my understanding of the SOI?
Entrepreneurs must have a unique, creative invention or innovation in order to be successful. If their service or product is not distinctive and original, there would be no factors to attract people to buy and invest into your product.
Examples of real world situations that help explain the content further.
A real world example of an invention is the phonograph (aka gramaphone), the first device to record and playback sound mechanically. This was later innovated into the now commonly used iPod, a handheld device which is much more transportable and convenient to bring around. Additionally, it is able to store much more songs in such a small, compact device compared to the phonograph which used big individual discs to store songs.

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Industry Associations

by 042686 on October 5, 2015

In an industry, many companies cooperate and work together to help pursuit one another’s common interests.
So how did what I have learned about entrepreneurship helped me understand the SOI?
When an industry’s companies work and collaborate with each other, they push each other’s innovations to become better and help introduce many other aspects to help them do so. This helps entrepreneurs innovate, which leads to them staying and being competitive in the market. As much as it is better off to push other competing companies or organizations off the market to reduce competition, it is also very helpful instead to keep each other afloat and viable in the market.
How does what I have learned fit within the relevant global context?
Over time, companies of industries will improve off one another and provide each other opportunities in which they need to risk and take in order to be successful. This is very important regarding orientation in space and time because innovation is key to competing and being successful in the market, therefore concluding the importance of industry association.
How does what I have learned help me to answer the relevant inquiry question(s)?
This lesson helps answer to what extent should competitors work together. Competitors should provide one another opportunities to help improve their business, in either ways directly or indirectly. Indirectly, where secondary companies (shipping, manufacturing etc.) can help supply a form of discount (lowered mark up price of their product/service) to help support sell their product (e.g. supplying this product to our supermarket would have reduced price in shipping), or directly, in which a company provides a direct discount/promotion in retail (e.g. buy 2 of this shampoo and second one is 50% price).
How does what I have learned connect with what I have learned previously to enrich my understanding of the SOI?
Entrepreneurs innovations are assisted and built upon by other companies discussing further collaborations to help increase sales. Adding on, collaborations do not have to increase sales, they can also be used as a form of promoting themselves through certain promotions (e.g. schools recommending stores to buy calculators, providing a discount).
Examples of real world situations that help explain the content further.
As mentioned above, other companies would supply a discount directly and or indirectly to help raise the sales of a company, such as a retailer (supermarket) promoting a product (shampoo, buy 3 get 1 free).

 

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Starting a Business

August 29, 2015

Today we investigated the people of fame who started a business. It came very quickly to us that those who are successful, never started successful. In fact, many started with their head in the ground. But it is perseverance that keeps them trying. Let’s talk more specifically about the example my table group chose: Walt Disney […]

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The Needs and Wants of People

August 29, 2015

Why are needs and wants of people important? In our table group of 4, we had to brainstorm the needs and wants of people. People need water, food, shelter, a way of communicating and education. While people want delicate and succulent food and entertainment (videos, movies, music etc.) We concluded with the definition that the […]

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