Best Math Practices Developing Lifelong Thinkers Not...

Best Math Practices: Developing Lifelong Thinkers Not Calculators As the focus of math changes students are asked to develop their mathematical thinking rather than their calculating. â€Å"While math traditionalist are correct that it is beneficial to memorize formulas, facts, and algorithms, the math reformists emphasize the need for students to have avenues such as journals, portfolios, or projects to demonstrate their understanding† (Kostos Shin 2010). In math it is difficult to encourage students to think critically when many students, teachers, and administrators are drawn to the idea of right verse wrong. In mathmatics many hold tight to the idea that there is one correct answer and one way to get to the correct answer and that’s it; parents and teachers were taught mathematics just like this. Now with the focus changing we have students who are challenged to look at math differently. The focus of looking at mathematics as critical thinking, number manipulation, reflection and strategy has been hard for many to grasp. It is im portant that students are challenged to critically think and problem solve so they are capable of transferring their learning to new and different situations. Students must have the ability to problem solve and apply their thinking because as our world changes and technology gets more advanced we can no longer predict the situations our students will be in. Teachers must encourage critical thinking, so students are ready to enter an ever-changingShow MoreRelatedDeveloping Management Skills404131 Words   |  1617 Pageshelps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S. Cameron UNIVERSITY OF MICHIGAN Prentice Hall Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London MadridRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagescompetitive global economy in which organizations do not have any particular geographic identity or travel under any particular national passport? What will be the effect of the rapid gyrations in markets that emphasize the difficulties that accounting practices face in determining true performance costs and that forecasting programs confront in establishing the economic determinants of corporate planning? In addition to these challenges, many analytical and strategic evaluation approaches that are used

Short Article Reveals the Undeniable Facts About Advanced College Essay Nyu Samples and How It Can Affect You

Short Article Reveals the Undeniable Facts About Advanced College Essay Nyu Samples and How It Can Affect You New Questions About Advanced College Essay Nyu Samples This field permits me to help others daily at one time in their lives when many students need it most. Being in college might be a small struggle for some. The author starts with a rather in depth story of an event or description of an individual or place. While in the Army, I had the terrific honor to serve with different women and men who, like me, fought to earn a difference on earth. In the arrival of this recent experimentation, several have concluded that using it ought to be legalized for the advantage of the patients. Yet, once I presented my work, I can't offer substantive answers to a few of the questions asked by fund principals. Here are a few suggestions for strategies to use this resource effectively. At our cheap essay writing service we're positive that students ought to be concise in their choice a nd our task is simply to demonstrate our advantages and limitations honestly. This portion of the essay is vital since this will capture your reader's interest. It is where you restate your overall point and to make a clear ending of the topic. If you rush through any area of the essay, it is going to affect the rest of the components, since this will not connect your ideas. This essay is directed at giving out the advantages and the need of legalizing using marijuana. What to Expect From Advanced College Essay Nyu Samples? It might be difficult sometimes, especially when you're having difficulty finding inspiration to write. It's the details that truly make this little experience come alive. In the end, the detail of true speech makes the scene pop. Apparently, understanding how to clean burning oil isn't high on the list of things every 9-year-old should know. Someone learns the value of punctuality each night. Now things started to get really intriguing. Actually, I'd been born into such a situation. Various things to various men and women, since the situation demanded. I have always enjoyed riding in cars. I'd received the maximum grade on the team. Explain the auto connection better. AdmitSee has the greatest database of successful college application files to help you get through the admission season. Yet, you must possess something extraordinary in order to stand before a cash register for 19 decades and do so with pride and determination. Don't forget this is part of your college application! Ultimately, we've got a system which enables us to guarantee the standard of each last draft and revise the minor flaws in an issue of hours if not minutes. The essay prompts are intended to make you believe. Stephen's essay is rather effective. When sitting down to compose your NYU Personal Essay, you can discover that it's tough to select which prompt to reply. Writing a college essay can arrive in various forms and styles based on your taste. These seven sample essays respond to a wide range of thought-provoking questions. Searching for affordable customized essays, you might discover some completely free samples readily available online. You'll observe a similar structure in a number of the essays. Additionally, Dunlap says she likes to observe essays on the reason why a student chose a specific area of study because these kinds of essays have a tendency to bring out the student's emotions. Top Advanced College Essay Nyu Samples Choices Even when you're undecided on what major you want to study, you must select a particular school or college to apply to. I've made many excellent friends at Amherst, and I've studied with some fantastic professors. You ought to start early by researching the info on the college since this will permit you to communicate the appropriate info and why the NYU is the best fit for you. And not only any grad schoolBoston College particularly! Perceiving great value in ushering capital to such deserving organizations to make sure their prospects, I wish to continue value investing in public markets for the remainder of my life. As NYU students will say, constructive debate of ideas is integral to life on campus and something which is emphasized in the necessary coursework students are requested to complete. So contact us today to start! Participating in such a huge study from beginning to finish has validated my interest in academic research for a profession.

Overview of Art Activism Essay Example For Students

Overview of Art Activism Essay Art activism is the practice of vigorous action as a means of creating political or personal goals by use of art. The type of activists practicing now varies greatly, from street artists to conceptual sculptors. Regardless of the medium, everyone has a common purpose for his or her work †attempting to create awareness and change. Embracing the creative nature of humans, artists send messages using visual content; forcing viewers to not only look but also feel the passion within them. The movement of advocacy is considered a phenomenon throughout the 21st century †demonstrating that your voice can be heard around the world if you shout loud enough. Conditional to the period in history, the description for art activism has been constantly evolving. Art activists first gained attention in the early 20s when World War I began. Notable painters and sculptors from around the world came together to protest against the bourgeois ideologies they believed led to war. Referred to now as the Dadaist Movement, artists organized public gatherings, demonstrations, and publication of art and literary journals to protest the reason and logic of their conservative capitalist society. Marcel Duchamp †a popular multi-media artist, initiated one of the more infamous stories of his time when he submitted a store bought urinal, Fountain, to a annual high-society exhibition for the Society of Independent Artists. Because all artists were commissioned by the society, there was no jury for the work submitted, so it was considered appalling when the show committee insisted that Fountain was not art, and rejected it from the show. Duchamp had hoped for this reaction; only further confirming his objection the ideologies of society. Although Fountain was never displayed, the orthodox subjectivity of the art world in that era lives in infamy. Looking back on Dadaism, most would think the results of their efforts seem miniscule considering the continuance of war. However, their radical demonstrations and forward thinking brought us into Modernism. I believe the true beauty of advocating through art is the ability to use creative minds to bring innovative and resonating ideas. Today we have street artists who take public spaces and turn everyday objects into thought provoking works of art. A few days ago I read an article about a graphic designer in Israel who was drained by the hate between his people and Iranians. Taking a chance, he created a notecard-size poster with the phrase Iranians, We Love You ? and posted it on Facebook. Within a month, it caught major attention across the world. The power of design combined with social technology turned this small idea into a massive anti-war campaign. Across the world ideas are being brought into existence, forcing people to face reality in a way that is incredibly remarkable. Hearing things about art activism peaked my curiosity and desire to get involved somehow so when I was told about a demonstration for to the political art project, One Million Bones, I jumped on the opportunity. Their mission is to raise awareness for the mass genocides currently going on in parts of Africa. To do so, they make ceramic bones and have public installations all across the U. S. June 10th of this year their final installation and silent protest will be held at the Mall in Washington, D. C. That day the mall will be silent as thousands of people from across the country come together dressed in white, to lay down one million hand-made bones on the floor in remembrance of those lost. I had the privilege to participate in a smaller demonstration. I came to a small park dressed in white with no expectations and left with a whole new frame of mind. The act was simple. .u5db9dd29b301baecb29eaaec87a95e27 , .u5db9dd29b301baecb29eaaec87a95e27 .postImageUrl , .u5db9dd29b301baecb29eaaec87a95e27 .centered-text-area { min-height: 80px; position: relative; } .u5db9dd29b301baecb29eaaec87a95e27 , .u5db9dd29b301baecb29eaaec87a95e27:hover , .u5db9dd29b301baecb29eaaec87a95e27:visited , .u5db9dd29b301baecb29eaaec87a95e27:active { border:0!important; } .u5db9dd29b301baecb29eaaec87a95e27 .clearfix:after { content: ""; display: table; clear: both; } .u5db9dd29b301baecb29eaaec87a95e27 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u5db9dd29b301baecb29eaaec87a95e27:active , .u5db9dd29b301baecb29eaaec87a95e27:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5db9dd29b301baecb29eaaec87a95e27 .centered-text-area { width: 100%; position: relative ; } .u5db9dd29b301baecb29eaaec87a95e27 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5db9dd29b301baecb29eaaec87a95e27 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5db9dd29b301baecb29eaaec87a95e27 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u5db9dd29b301baecb29eaaec87a95e27:hover .ctaButton { background-color: #34495E!important; } .u5db9dd29b301baecb29eaaec87a95e27 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5db9dd29b301baecb29eaaec87a95e27 .u5db9dd29b301baecb29eaaec87a95e27-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5db9dd29b301baecb29eaaec87a95e27:after { content: ""; display: block; clear: both; } READ: 15th Century - Early Italian Renaissance Art - With ImagesWe laid out the five thousand handmade bones that had been gathered in our area in an intricate path illustrating the four corners of the world. The complete silence was emotional. You were left with your thoughts and awareness what was occurring. I couldnt believe how much effort was put into each ceramic bone. Each bone on its own had a life, and with all the other thousands of bones it took on a whole new existence That project inspired me to advocate for a cause I am personally passionate about. In October, I created the on-going exhibition I named Suicide: An Individuals perspective. Considering my audience and the facts of suicide I came up with an interactive exhibition not for the faint of heart. More than likely, everyone had been directly affected by suicide whether it be a loss of a friend, family member, or even a classmate. This exhibit displayed artists work that shares different perspectives on the subject. Incorporating an aspect of viewer participation, I attempted to stimulate the viewers by asking each individual write a note to a loved one who hypothetically decided to take there lives. I asked them to write what they would say to them in there last moments. Every note was attached to a string over the artworks. My hope was that before anyone walked through the exhibition they would already feel emotionally tied to suicide, or even the distant possibility, and because of that connection they are now more aware. During primary school, I came across a quote from the Impressionist painter Edgar Degas. In it he stated, Art is not what you see, its what you make others see. ? Immediately I disagreed still remember that distinct feeling of confusion. I went back and re-read it several times to make sure I had fully understood, and I had †Degas was a moron. I couldnt stop wondering why a strangers opinion of my work would be more important then my own. I came back to it recently and laughed at my ballsy remark about a renowned painted who had lived many more lifetimes than I. More than that I felt inspired †inspired because I know that Edgar Degas was simply reminding us of the opportunity all creative individuals are given †the ability to make people see.

Analysis on China real estate industry Essay Example

Analysis on China real estate industry Paper Land bubble planted a hidden danger for the real estate bubble. Third, financial institutions strong support of the real estate development create very favorable conditions for speculators, resulting in sufficient funds for housing exchange, led to further real estate bubble. Fourth, bank lending gives people good expectation for real estate. Besides speculative demand, it also stimulates peoples consumption demand. People have access to get loans, and participating in purchasing house. Rising demand finally leads to price increasing. (In external business, irrational people need a large number of capital. Financial institutions tend to offer lower interest rates for housing credit using houses as mortgage, considering the prospect of real estate. So, large amount of capital flows into the real estate market. This approach has provided funds for the protection of speculators, and artificially increased the demand for real estate. ) On the other hand, considering the banks own interests, when the bank holds a large number of real estate, its assets would be overvalued, thus enlarge the banks capital base and its asset quality and profitability. We will write a custom essay sample on Analysis on China real estate industry specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Analysis on China real estate industry specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Analysis on China real estate industry specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Under these conditions, the bank will further expand housing credit, which further promoted the rise in house prices. 4) Government Factors Defects in land transfer system: In China, the ownership of land belongs to country. While, defects in Chinas current land transfer system also boost the high prices. When the real estate business needs to purchase land, you need to pay land transfer fees to the government. Of these, 70% of the transfer fee to the local government. As a result, driven by political achievements and rise of GDP, local governments sell lands at high prices through bidding, auction and licensed. This directly results rising house prices based on expensive land. In addition, the land transfer system provides a space for the rent-seeking. Rent-seeking costs also contribute to existing price. Related to economic policy: In the year of 2006, the exchange rate of RMB against the dollar increase continuously. So far, the RMB exchange rate has been increased from 1:8 to 1:6. 81. Under the pressure of currency appreciation, Chinese export, which contributes to over 1/3 of GDP and takes advantage of low price, experienced damage. Thus, in the next few years, the central bank lowers interest rates five times in succession. As other economic crisis around the world, the policy of lowering interest rates caused by currency appreciation has not guided capital flows into real economy. Instead, capital quickly enters the real estate industry, which has led to todays high demand for housing and high housing prices. Trends Analysis After discussion the causes, we will predict the trends by comparing the difference between China and Japan under researches and data analysis. 1) Chinese Governments Control on Financial Systems. The efficiency of banking regulation is inferior to Chinese ones, and the enterprises in Japan are more independent than Chinese ones. Before the bubble, the Japan government fails to exert effective regulation and guidance for the commercial banks, while the financial institution are the biggest supporters for the real estate bubble, fueling the bubble for almost 10 years. On the contrary, Chinese government possesses strong power to keep the banks and enterprises in regulation, by guiding the direction of the money, containing the speculation capital at the very beginning, implement policies at proper time, and hurdling the property bubble. Bank of China, the countrys third-largest listed lender by assets, announced this week that profits rose 26 per cent last year to Rmb81bn but, as with ICBC, the growth came on the back of a big expansion in credit and at the cost of falling margins. Both banks said they intended to cut back on lending this year in line with strict government quotas imposed at the start of the year because of worries that rampant credit growth has created asset bubbles, particularly in property. Although the Chinese government started to encourage the mortgage from 2009, to stimulate the real estate investment behavior, especially encourage the construction of affordable housing to ease the difficulty in house buying, the government is persistently strict with supervision of bank business in mortgage. The supervision process is complex and requires assessment in the loan applicants business activities, repayment ability, and study the profitability of investment projects. And at the same time, the mortgage real estate ensures the credit of lenders. Al these actions prevent banks from uncontrolled, low-security lending behavior and also inhibit the real estate market speculation to some extent. In addition, due to the level of Chinese economic development have not reached the level of Japan in late 80s 20th century, and the constraints in financial system, Chinese government is relatively strict with the supervision of financial sector, especially with the object of financing, such as prohibition of loans entering into the stock market. These actions reduce the credit risk of financial institutions and prevent sowing the seeds for the huge amount of irrecoverable debts. China Japan Table 7 However, we must have a clear conscious that, from the second half of 2009, to encourage real estate investment, the Chinese government relaxes the policy requirements for lending, resulting in a substantial growth of domestic lending part of investment and development funding. 2) The Difference of Urbanization The urbanization rate of Japan scaled the height of 76. 7% in 1985, indicating the end of urbanization process; yet China is still accelerating in the progress of urbanization, reaching only 45. 68% in 2008. In comparison with the developed countries with the urbanization rate of 90%, more and more population will be shifted from rural areas to cities. The population of rural areas was only 34% of the total population when the Lewis turning point appeared in Japan in 1960s; and the percentage of rural population is 34% for North Korea when the Lewis turning point appeared in 1980s. China has a long way to go. Whats more, there is a much more vast area of the real estate market in China than Japan, when the risk accumulated quickly in one specific area, the capital will shift to other cities. The development of transportation enhances the shift from first-line cities to second-line cities. Therefore, the breadth and depth of the Chinese real estate market is unmatchable by Japan, with the immense volume of accommodating risk. Figure 3 3) The Difference of Demographic Structure The total population of Japan reaches its pinnacle in 1990, while the total population of China wont reach its peak until 2030. Lewis turning point, the indication of the transform form the rural labor to urban labor, appeared in Japan at the end of 1960s. However, China saw the Lewis turning point around 2007. The demographic dividend (the large portion of potential efficient labor) of China will persist to around 2015 in comparison to Japan, where the demographic disappeared in 1980s. Furthermore, China could achieve a second round demographic dividend through establishing creative systems, social security system, improving the labor market, enhancing the education level and job training, abolishing the household registration system. Figure 4 Economic indicators before and after the Lewis turning point Table 8 (Source:Arthur Kroebor(2010)) 4) Monetary and Exchange Rate Policy The origin of Japans stagnation for the 20 years after its housing bubble burst lies in its failure to stand up to US pressure for the yen to appreciate. Indeed, the yen rose from a low of Y260/$ in February 1985 to Y200/$ 10 months later and on to the high of Y80/$ in May 1995. Japans economic performance in the past 20 years has lagged its potential. In fact, policy counter-measures monetary easing and fiscal stimulus against too-rapid yen appreciation grew stronger in 1986. Monetary easing continued until 1989. Considering what was going on in the property market, this monetary tightening and strong regulatory measures, such as restrictions on loan-to-value ratios, should have been applied much earlier, in 1987 or 1988. The bubble may not be completely avoided purely by monetary tightening, but the damage may be reduced by early tightening and prudential regulations. The Chinese authorities are doing better than their Japanese counterparts in the 1980s. The central bank is tightening regulation of loan-to-value ratios and trying to end easy credit. But they are hesitating to take up the best policy interest rate hikes and appreciation of the Chinese Renminbi. The property bubble is a clear sign of overheating. Chinas reported inflation rate does not show rampant inflation, but that was also the case in Japan in the 1980s. 5) Investment Demand in China The need of investment in property market is huge in China, which should be satisfied. To some extent, the investment need is rigid demand, while the dwelling need is merely soft demand. The unusual prosperity in Chinese real estate market is highly related to the limited channel to invest in China, where the lower tax of household transaction and the demographic structure each play a role. An important reason for the real estate bubble in Japan was due to the aging of the population, when the passion for investment faded. However, the average age of Chinese people is around 32, which is the peak period of investment with overwhelm passion. Therefore, even though the adjustment is made upon the property market, the investors will not be too pessimistic to lead to the irrational plummet of the real estate market. Whats more, the real estate market in China is contained by the monopoly by the government and the storing of real estate companies, while the demand is promoted by the process of urbanization, resulting in the demand over supply. It is quite different from Japan, since the prosperity is backed up by real demand of investors and consumers. Conclusion: As mentioned before, based on our research, comparison and analysis, our point of view is that there is slight bubble in China property industry, which is different from the one happened in Japan and was less severe. Thus, if China government can take immediate and effective action to deflate the bubble, China property industry can still lead a healthy and promising future. Recommendations to Deflate Bubble: Finally, we come up with some recommendations to deflate the bubble. 1) Reinforce the supervision and control of real estate market. On one hand, Chinas transaction system of land and the industry supervision system is still developing, which accelerates the speculation and results in slight bubble. On the other hand, over-investment on property make the overall growth of property industry surpasses the growth of urbanization significantly and results in the imbalance between supply and demand and the increase of housing vacancy rate. Thus, first about how to prevent over-speculation, its essential for the China government to make out specific policies for all-round supervision of the real estate market. No only national policies , but also policies based on different situation of local places, especially those developed cities. Even though speculation on property in China is not as heat as the one in Japan, the first step to deflate bubble is to establish the basis for supervision and control by setting specific and reasonable policies. As for cool down the over-investment on property, the government should keep controlling the scale of property development at a stable speed. That is, first to invest based on local places income level and reduce overstock. Second, to reinforce the supervision on second market and prevent over-speculation. Last is to further develop housing based on real demand, sector with deep insight of property market and make Property the leading industry in China without bubble. 2) Strengthen land resources management Government can keep a good control on housing price through the supply of land resources. The supply of land resources should be based on local market demand and public bids system should be used under supervision. The usage of land resources should also keep a balance between housing and business use. Furthermore, to punish irregular investment and development, keep a close supervision on the developers, and make necessary amendments to the rules and regulations are important. Besides, its necessary to prevent corruption among the government and developers in China as to strengthen land resources management. 3) Build up a sound forecast system for healthy development of property industry As important as supervision and control, building up a sound forecast system is crucial for risk management ,come up with timely reaction and deflate bubble. By collecting analyzing information on property market, predicting and evaluating properly on the market based on analysis and publishing research report by period, the government can make out proper policies and better supervise property market. Also, the investors and developers can have a better and clearer evaluation on the whole property market, which may benefit reasonable investment. 4) Strengthen supervision on finance sector and prevent loan risks There is a strong combination between property sector and finance sector, no matter in Japan or China. To deflate the bubble, it definitely should strengthen supervision on finance sector and take financial strategy to deflate the bubble. For example, China had made several moves in the last month to do just this, including reimposing a sales tax on homes sold within five years of their purchase from this year and increasing the down payment requirement for property purchases to at least 50 percent of the total price. In another move to cool the property market, the Peoples Bank of China, the central bank, announced on Tuesday to raise the deposit reserve requirement ratio by 0. 5 percentage points from Jan. 18 this year. The government also renewed its pledge on Wednesday to stabilize home prices by providing more affordable housing and cracking down on speculation. 5) Keep the RMB exchange rates long-term stability In 1985, Japanese yens appreciation was forced under the great pressure put by America. Then to alleviate depression caused by decreasing exports, Japans government substantially reduced the interest rate to stimulated domestic demand, which Led to the expansion of real estate financing and become the driving force for real estate bubble. Learning from this, China should Keep the RMB exchange rates long-term stability.

applications of technology essays

applications of technology essays A quote I heard many times when I was in high school and which I now know traces back to Sir Francis Bacon, one of our earliest scientist or philosophers as they were then called, is the statement "Knowledge Is Power." Today, I believe that the fuller, more correct statement is to say, "the application of knowledge is power." The study of science, and technology subjects will broader our opportunities in life. As we continue to advance to the 21st century- now lesser than 30 days away-we are well aware that technology is possibly the hottest industrial commodity around the world today. In the years ahead, it will be an increasingly critical factor in determining the success or failure of businesses. It is the fuel many of us are looking at to help us win this race to the 21st century. To do that, we should make technology matter. In this paper I am going to share my technology forecasts. I try to focus on my new forecasts a decade into the future - the first decade of the 21st century, because that is how far most businesses need to be looking ahead. There has never been a neutral or value-free, technology. All technologies are power. They evoke economic and social consequences in direct proportion to their dislocation of the existing economy and its institutions. I believe that technologies such as: biotechnology and genetic engineering, intelligent materials, the miniaturization of electronics, and smart manufacturing systems, and controls, will be the hottest technologies in the next decade. I am going to put together a list of what I think as the top ten innovative products that will result from those technologies. Number one on the list is something we call genetic. There are pharmaceutical products that will come from the massive genetic research going on around the world today. In ten years, we will have new ways to treat many of our ills - from allergies to ADIS. We may see the discovery of new methods of treatment...

Write a response paper to the book Out of Poverty by Paul Polak Essay

Write a response paper to the book Out of Poverty by Paul Polak - Essay Example According to Polak the group is a massive consumer but lack the financial ability to purchase the products. Additionally, he discovers that the group comprises of viable entrepreneurs. When designing products for the group, Polak advises that an entrepreneur consider the consumption pattern of the group. Firstly, the poor have minimal finances they therefore attach more importance on the price of the commodes they purchase often at the expense of the quality of the products. An entrepreneur must therefore devise cost effective means of production to ensure the manufacture of cheap products that will fit the budgets of the group. Additionally, the group is huge. At 90% of the world population, it is therefore the greatest market and after designing products that appeal to the group, the next big feature of such a business becomes the mass production and determination of effective retail services. Of all the ideas Polak fosters in his book, among the most surprising findings is his claim that the 90% of the world’s population is poor. Additionally,, the scholar claims that the 90% drive the world economy. However, he breaks down his points to validate his claim by explaining the financial movement in the market economies thus validating his claims. According to his explanation, it becomes factual that a larger percentage of the world’s population is poor but still controls the global economy. I agree with most of his ideas. I like the idea that products that target the poor often sell faster and better than those targeting the wealthy in the market do. Just as he explains it, the poor are the majority this widens the base of the market for any product or service that targets the population. An entrepreneur must therefore determine the best way of producing such products at cheap costs but in bulk. As a marketing strategy, by targeting the poor, an entrepreneur earns smaller profit margins per product but sell many

Multinationals and Global Business essay Example | Topics and Well Written Essays - 1500 words

Multinationals and Global Business - Essay Example Before the merger, these companies had been rivals and the process of bringing them together ensured that both of these companies were able to put aside their rivalry and cooperate in an international level; becoming among the most dominant oil and gas companies in the world. Since its formation, Royal Dutch Shell has continuously grown and evolved according to the different circumstances that it has encountered; essentially ensuring its success where many others have failed. According to Jones (2005, p.164), in the twentieth century, â€Å"firms sought to access knowledge to develop technology that are distinct from but contemporary to those created by their parent companies.† At the period of its formation, the two parts of Royal Dutch Shell were not merged, but were kept separate as a result of nationalist sentiments in both the Netherlands and the United Kingdom. The result is that these two parts of the company continued to be run as separate entities with one based in The Hague and the other in London. The portion based in The Hague took on the responsibility of production and manufacture while the one in London took over the transportation and storage of the products. Thus, in order to cater for nationalist sentiments in both countries, Royal Dutch Shell chose not to go ahead with the merger because to do so might have hampered its operations. This strategy can be related to Alfred Chandler’s structure follows strategy theory which s tates that the structure of a company is often determined by its strategy and this is based on the formation of independent units that operate under the umbrella of a parent company (Chandler 1990, p.61; Gopalan and Stahl 1998, p.32). Thus, through its headquarters, Royal Dutch Shell was able to continue coordinating the activities of its Dutch and British units without compromising their independent nature. Royal Dutch Shell chose to begin its