Sample essay instructions: Use the knowledge you have accrued in this unit to write a reflective essay on the following topic: What, in your opinion, is the importance of disequilibrium and how would the knowledge you have gained about disequilibrium and other key concepts in this unit help you in your career as an entrepreneur? Introduction to Business Essay Words | 6 Pages. Review Questions 1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? Factors that contribute to the rapid pace of change in business are Natural Resources, Capital, Human Resources, and Entrepreneurship 10/5/ · Title: Alignment of Business Strategy with IT Strategy Example essay. Last modified: 7th Apr Introduction: It is no longer sufficient to simply be the best – change happens, and companies have to adapt to this change in order to maintain their position. Technology is one of the biggest factors of this change and this makes it very important that corporate business
Sample Business and Economics essay - Research & Learning Online
View our latest COVID updates. Click again to hide the comment. Then complete the activities that follow, essay on business. Use the knowledge you have accrued in this unit to write a reflective essay on the following topic:. What, in your opinion, essay on business, is the importance of disequilibrium and how would the knowledge you have gained about disequilibrium and other key concepts in this unit help you in your career as an entrepreneur?
Disequilibrium is a essay on business I was unfamiliar with until I studied the ECF Entrepreneurship and Economics unit at Monash University. This can be a short-term byproduct of a change in variable factors or a result of long-term structural imbalances. Lecturer's comment 2: While it is a good place to include a definition, this sounds a great deal like something that has been borrowed directly from a source that has not been identified according to the required conventions.
Where is the APA in-text citation? As my career goal is to become a successful entrepreneur in the technology field, combining my passions for money-making innovation and technology, I soon learned that an understanding of the disequilibrium concept would be key to my future career.
Lecturer's comment 3: A statement indicating your purpose for writing and the structure you intend to use to achieve the task's aims is needed here. Throughout the lectures, tutorials and required reading for ECF I learned about the basics of economic theory in relation to entrepreneurship, and essay on business that there were several of these concepts I could utilise essay on business in my mission to begin a career developing financial self-management applications.
While knowledge and understanding of scarcity, elasticity, monopolies and competition, and externalities and public goods Lecturer's comment 4: Yes, these are all covered in the unit and I know they are relevant. However, you do not explain their relevance briefly to your future career as the topic requires and in doing so, prove your understanding. will be essay on business great use when I embark on my entrepreneurial career, it is disequilibrium that is the key concept of relevance for me.
The main essay on business for this is because of a gap I perceive in the essay on business. As more and more people move from subsistence or low-income status into a self-sustained middle class economic status, a larger percentage of the Australian population will need to manage their more substantial finances themselves. Essay on business useful analogy is that of the decline in the success of travel agency businesses over the past decade.
As more and more online travel and tourism providers enable the average consumer to research and book flights and accommodation themselves, the need for experts with access to airlines and hotel booking systems has diminished. In much the same way, people wishing to manage their own financial affairs will perceive the need for experts charging high rates for their essay on business to manage their finances as less necessary. This can only happen, however, essay on business, if an easy and cheap alternative is available - hence my financial self-management apps exploit the disequilibrium in the essay on business. Lecturer's comment 5: Your analogy is insightful.
However, essay on business, your focus when explaining the importance of disequilibrium seems to lie entirely on one aspect only - a gap in the market. If disequilibrium is the key to your future, as essay on business wrote in the first paragraph, surely it covers more than this It motivated me to pay full attention to learning as much as I could in ECF - a case of intrinsic motivation.
While some of the unit content was not directly relevant to my personal goals, it still made me more knowledgeable about economics in general and entrepreneurship in particular. This will all enable me to run my company with expertise and a sound understanding of theory and how it might apply in practice. My employees will respect my choices and decisions because of my learning and related business acumen. Disequilibrium seems to posit that there is a situation perhaps even the norm where the market is in balance, with supply more or less equalling demand.
With constant developments in technology, volatile worldwide markets and innumerable other factors affecting consumers, this seems to lack a basis in reality. Aspects of it do apply, though, so it is not without benefit. Lecturer's comment 6: Robert Triffinessay on business, one of the first economists to directly discuss how disequilibrium affects markets, has some interesting and relevant thoughts about this phenomenon. My point is that the lack of support from the literature weakens your assignment, essay on business.
Also, this paragraph starts out discussing how you felt, through to how it will help you at work and then into a critique of disequilibrium. One main idea per paragraph please! Disequilibrium is the key concept that I can exploit my knowledge of in order to begin a successful entrepreneurial career.
I expect other start-ups to quickly follow my lead when I begin to build my business developing financial self-management apps, so I will need a sound business plan, reliable and trusted employees and clearly established legal rights to my intellectual property. This is very exciting! Lecturer's comment 7: Your excitement is infectious but the previous two essay on business do not seem relevant to the task on which you are being assessed, essay on business. Try to maintain focus on the central idea of this paragraph: the importance of disequilibrium as a concept in your future entrepreneurial career.
When revising your assignments, editing out off-topic sentences such as these can build the cohesion of your writing. Again, essay on business, this content essay on business a body paragraph, essay on business, not an addendum to your conclusion. The imbalance between demand in the market and supply means I have a ready-made target clientele and a short pathway to expansion and success.
Scarcity means essay on business human wants can never be fulfilled by the market, which is something I believe my company will be able to exploit. Public goods like the financial advice the Australian Government and ATO provide to the general public has some minor relevance to my entrepreneurial venture, essay on business, as it can be seen as competition with the advantage of being at no cost to the consumer. However, the externality of this public good also applies to my future business, as the result of both will be financial success for the consumer, essay on business.
This benefits society by increasing government income through taxation of higher incomes, leading to better infrastructure and federal economic and banking security. Lecturer's comment 8: The ideas about taxation, banking security, public goods, essay on business. are expressed too simplistically. Where is the depth of understanding of these concepts as discussed in lectures and required reading? Families which benefit from financial advice from the government and my apps will have better educated children who are more likely to be successful and less of a burden on the economic system.
A better world is the result. Lecturer's comment 9: If this is your conclusion it really lacks clear structure and purpose. You discuss two of the four economic concepts you identified earlier as relevant to your plans why only two? This is not recommended for conclusions - that is not their purpose. Finally, your view on how your venture will contribute to society is Utopian and naive. I think a reality check is needed. You make a promising start, but the more you write, the less evidence there is of a planned piece of reflective writing.
The task requires two main things: 1 your view on the importance of disequilibrium and 2 an explanation of how key concepts from the unit will assist in your career as an entrepreneur. For the former, you lack a thorough explanation of the concept and its various facets, instead latching onto one aspect only: market gaps. For the latter, you mention relevant concepts early but do not explain their relevance I know it but am looking for a demonstration of your understanding.
Finally, your conclusion seems to be a collection of afterthoughts and ideas that came to you while you wrote, essay on business. As is the case with any assessment task, I am looking for evidence you have learned something from the lectures, tutes and required reading. The lack of any in-text citations and references is an essay on business that the concepts we learned about during the semester have not been incorporated or discussed to the expected extent.
For a minimum word essay you needed to consult essay on business least 5 high-quality, rigorous academic sources, e. peer-reviewed academic journal articles, books from academic publishers, not merely one source a non-academic online definition of disequilibrium.
A reflective essay deviates from typical academic writing because it invites you to use your own experiences and perceptions as evidence. However, this reflective task still requires you to select and essay on business evidence according to academic standards.
You should have cited secondary sources of adequate scholarly quality and of sufficient number essay on business support your ideas. Engaging with academic literature in this way would have demonstrated that your business ideas are grounded in a sound understanding of relevant theory.
From an academic, essay on business, university writing perspective, your business idea needs a stronger basis in economic theory. You have also not mentioned the key challenges you need to overcome in order to succeed. year 1 identify and target market, expand customer base by means of An effective reflective essay would have a description what happened? What theories might help explain what happened?
and finally outcomes or action what did you learn? What would you do differently next time or how might it apply to your future practice? Close Notification Close Notification Close Notification. Skip to content Skip to navigation. Essay on business to assignments in your faculty Art, Design and Architecture Architecture assignment 1 Architecture assignment 2 Art History and Theory essay Art History essay Industrial design assignment Visual analysis Arts Reflective writing in Arts Literary Studies essays Principles for writing a Literary Studies Essay Steps for writing a Literary Studies essay Sample Literary Studies essay History essay Writing philosophy essays Writing an annotated bibliography Writing an essay Stand-alone literature review Oral presentation Poster presentation Business and Economics Sample Business and Economics reflective essay Questions Evaluate a reflective essay Sample Business and Economics essay The reference list Writing an annotated bibliography Stand-alone literature review Note taking and summary notes flow-chart.
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Legend: Problem Comment Question. Sample essay instructions: Use the knowledge you have accrued in this unit to write a reflective essay on the following topic: What, essay on business, in your opinion, is the importance of disequilibrium and how would the knowledge you have gained about disequilibrium and other key concepts in this unit help you in your career as an entrepreneur?
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A Business Plan For Small Business Essay Words | 15 Pages. INTRODUCTION A good business plan is not only important in developing the opportunity but also essential in determining the resources required, obtaining those resources and successfully managing the resulting venture. Running a Business is both exciting and challenging 10/5/ · Title: Alignment of Business Strategy with IT Strategy Example essay. Last modified: 7th Apr Introduction: It is no longer sufficient to simply be the best – change happens, and companies have to adapt to this change in order to maintain their position. Technology is one of the biggest factors of this change and this makes it very important that corporate business Sample essay instructions: Use the knowledge you have accrued in this unit to write a reflective essay on the following topic: What, in your opinion, is the importance of disequilibrium and how would the knowledge you have gained about disequilibrium and other key concepts in this unit help you in your career as an entrepreneur?
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