1) Why do businesses expand globally?
Business expand globally, because it tries to increase its market size to earn money. This is because there is a chance of grabbing that countries demand for products. As you expand into other countries profit can double or triple if you are doing well. However if it fails, it will have a huge set back in your company. Therefore people have to use the PEST analysis to decide if the company should move into a new country.
2) How can we analyse a market’s suitability for expansion?
We can analyse the markets’s suitability by using the PEST analyse. PEST analyse is an good way to decide if the company should move into the new country, because it evaluates all factors that can potentially affect the company. These factors include political, economic, social and technologic. Examples of political can be the minimum wages, quality standards and etc, economic examples are taxes, future increase of GDP, social examples are population increase or decrease, religion and technologic examples are power supply, machinery need and etc.
3) How does one determine if an action is ethical?
One can determine if an action is ethical, by looking at how they try to improve community, following laws and regulation. This means they are ethical, because the business does the least damage to the environment around them. Also thinking about the impact they will make is important, because they are not ignoring anything but the profit they earn. Example of ethical actions could be Adidas improving factories, so that it can follow fire safety requirements. This is an ethical act, because they are thinking about the workers safety and not just about the money and profit they earn.
4) To what extent do businesses behave ethically?
Business behave ethically to the point where there bad points over take the good points they have. An example would be paying workers less and not giving workers a voice, however the company is donating to a charity. In this example, the company would be unethically, because they are ignore government rules and workers voice while they help random charities. I think that following government rules and giving workers a voice is more important than donating to charity, so to this extent the business’s behaviour is unethically.
5) To what extent does globalisation create opportunities for business?
I think that opportunities for business, are when the market of an certain place is rising. And globalisation can create business opportunities, because these store can boost the economy by paying taxes. This is because when the population starts to earn more money, there can start spending on wants. Wants could be enjoy a better meal, buying a T.V or even some services. Also when a country starts to globalise, this will increase the opportunity for a business, because people are starting to experience new stuff. If the people like it, then you basically captured the market of that place. This can help a company earn lots of money, because everyone from that place eats at that restaurant. And they would not need to advertise for their company, because it is so famous. This can save lots of money, because some companies spend a lot of money on ads. For example, Honda spend 6.3 million dollars on adverting for their new car. 6.3 million dollars is a lot and if it is not spent on ads, it could be used to develop the company more.
1) What did your GROUP do well?
I think that our group worked well, because we got together and work on the project outside of class.
2) How could your GROUP improve?
I think there are many different possibilities for our group to improve, this is because our presentation seem like it lacks in energy. One really good way is to have different tones when speaking, this is because mono tone sounds really boring as a result of people drifting off. Second, I think that we should move around and have a more interactive ending, since it would be unique and people would remember it. And if people remember it, it must be successful unless the presentation was really bad.
3) What did YOU do well?
I tried to keep eye contact with the audiences and the teacher, however some times I forget my lines and look at my bullet points. I am not sure, but I think I had a loud voice. This is important, because the presentation would get really boring and irritating. Also, I think that I spoke at a steady pace, so everyone can listen without miss out on stuff.
4) What could YOU do to improve?
I think that practicing my script would really help, because sounding more confidence will make a big differences on the audiences impression.
5) What did you like about the assignment?
I like how you get to collaborate with other classmates, however some people don’t always do their work. This assignment was interesting, because it require critical think and there was no right and wrong answer.
6) What would you change about the assignment?
I would change the fact how the time limit was only 15 mins long, because many groups went overtime.
7) What was the BEST presentation? Why?
I thought that best presentation would be the Best buy presentation or the Galaxy presentation, because the two presentation made audience move around. This kind of stuck out, because the presentation was more interactive instead of regular presentation.
1) What influences supply & demand in a market?
In business there are 5 stuff that can affect the supply and another 5 that affects the demand. These 5 non-price determines can either increase the S,D […]
Today was design day and we learned about our new summative assessment, creating comic on the book we are going to read. We were told to use the Adobe illustrator CC, but most of our adobe illustrator would not work. The illustrator is different from photoshop because photoshop uses pixels and illustrator uses vectors. I think that vectors are much better than pixels because it is much more high definition. However I learnt that pixels would work better with photos and vectors are better with logos and others.
We also started a practice on the adobe illustrator, we learnt about drawing lines. I thought that this was pretty hard because it was difficult to bend the lines on most of the lines. My computer would not work because i need to sign in but the guys fixing it was not here today. To catch up with the work, I looked at my friends, so i would know how to use it when it comes to the assuagement. Every single time we had a design cycle project, there is always a technology problem. This is getting annoying because it will really make you be hide and at the last minute you would have tons of work to do.
Not only learning about the adobe stuff, we also learnt about Gantt Charts. I understand how the chart works, but i don’t really like how it is pretty unorganised. Me and my groups start gantt chart assessment and chose task 2. When planning we had many different arguments about which stuff are appropriate to put down. As a conclusion taking us a long time to finish the easy task. I thought that including every little detail is the best ideal because there is always the chance for forgetting to do it.
1) What creates opportunities for entrepreneurs to start a business?
I think that when the market demands a certain good it is a perfect time of a person to start a business. The reason is because you know there we be at least a descent amount of customers. When selling the produces to the customers, the owner can earn money to expand the company allowing the goods to be sold more often. Another perfect time in starting a business is when the local economy starts to grow after the bubble has popped. Start a company at this time is good because there are more cash in the streets, this allows the citizens of the local place to spend more money.
2) How do entrepreneurs respond to the needs & wants of society?
Entrepreneurs in the world respond to needs and wants by starting business to for fill the requirements and at the same time earning money. Although they might respond to the needs the adverting must be good. I think this is because one day walking in elements I found a shop that is isolated from everything with no one walking by. Even if i told someone about the shop, no one would believe me. Hence I think advertisements is very important. Also, recently i watched a video about beats, it mentions how important about the getting the word out for people knowing your company.
3) Why do individuals become entrepreneurs?
In my opinion anyone can be a entrepreneurs, but there are requirement in becoming successful. Three important thing in becoming a interpreters are money, knowledge of business environment and the skills of getting the name out. Money is one of the key factors of making a success business because you needed the money to buy materials, hiring people and etc. Not only people like you can buy any business with lots of money, with also makes you an entrepreneurs. The second factor in my opinion is knowledge of the environment. If the entrepreneur does not know what the customers needs, the new business might run into some competition losing it business. Third is getting out the name of your company. For example, the beats video shows that getting the name out is important because when they ask people to name a headphone company beats by dr.dre came out 63% of the time. This can greatly increase the rate of selling, and earning more money in the end.
4) What drives innovation?
Everyone gets idea very often, but most of the time the people by base the idea of something else which makes it a innovation. People might think that the idea they made could be very successful, so they start a business to sell it.
Everyone wants to earn money but since nothing new has been invent companies try to create products with new and better functions.
5) Are the traits that are needed to be successful as an entrepreneur always the same?
(use the business survey)
6) Is there an optimal form of business ownership?
There are two types of business ownership that i have learnt so far. One of the ownerships is limited and the other one is unlimited. A limited company is when the owner is a separate identity for the company. For example, if one of the employees punches a customer, the customer will sue the company but not the boss. After suing the company, the owner will not lose any of his private property/ assets. The other type of business ownership is unlimited. The unlimited company is the complete opposite of the limited. That mean the company and the owner has a same identity.
Another set of companies is partnership business and sole trade business. These two types of company have a both positive and negative sides. A positive of a sole trader business would be it is easy to start and close, this means if the own loses or gains interest in the company he or she can create it or close it quickly. Another advantage would be it requires very little paperwork to create.
7) To what extent should competitors work together?
I think that competitor should work together in some situations
043115 wrote a new post, Playing Test and Theory Test Reflection – Semester 2, on the site Adrian's Blog 1 year, 1 month ago
For the playing test, I got a 10/10 for my song and a 9/10 for my scales. I never thought that I would get this score. I thought that because on the scales I messed up one note fore each expect for C major. I did not know that we had to play the really fast part at the end, so I was not prepared and screwed up. I think that if I am doing that again I should ask to confirm what are we doing first before doing it. When I played the song, I kept the beat and tempo at a steady pace and also follow the dynamics as much as possible. One challenging part of the song was the staccato that suddenly appear in the middle of sir. Overall, I was pretty happy with the grade I got and wish I could ace the scales part next time.
be engaged in class
use their DW effectively
practice at home
During class I usually engaged and answer questions, I answer theory questions and help others in class who are in need. I lost may practice diary but I practice 5 times a week for 20 min each time since I just passed my grade 3 exam and preparing for my grade 5. On the grade 3 exam I got merit which was 120 and above, out of 150. I think that I should practice a little more next year and scan the picture instead of using Iphone scaning app. I did not join any band this year, but I think I might join one next year. I am guessing that I would get a 5-6 since I meet some of the requirements.
I think that on the Math exam, I did pretty good but I could have done better. During this test I made lots of careless mistakes which could have really improve my grade. In the one-two question, I made careless […]
Blog post #1 – Reporting on your recent school CAS Week camp experiences
During the CAS week I went to Guilin, China. We left Hong Kong on May 13 and came back on May 18. The trips was full of adventures […]
043115 wrote a new post, Design challenge Is my iFolio ready to be included in school reporting?, on the site Adrian's Blog 1 year, 1 month ago
Final blog post – Evaluation of whether your iFolio is ready to be shared as part of the school’s report to your parents.
I don’t the idea of showing our ifolio being in our report card because it will cause […]
Additional Blog post(s) – Sharing exemplary digital work / learning
-you have been involved in beyond the classroom
Through out the year I would go on websites or ask parents a teachers for help when ever I […]
We presented the history and the music features of a traditional Canadian folk song called the Northwest Passage sang by Stan Rongers. I had four other people in my group and we all shared difference parts in the […]
Adrian Tam 14-3-14
After looking at all the comments I think that my i did good at repetition because the audiences notes that i repeat a lot. Not only that people/the audience think that the use […]
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