Tuesday, December 8, 2009
Class Wrap-Up Paper
I had not chosen a concentration before the class, however I was mostly focused on marketing. I competed in DECA my senior year of high school and was decently successful for not having studied or prepared at all. It came easy so I thought that might be a good fit for me. Now, I think i may pursue finance or real estate, because there is a lot of money involved in those markets. Also, those fields are ever-growing so there will be a chance to extend my career. I changed my mind from marketing because I don't think I would be successful in selling things to people when they don't need them. I'm not a very pushy person. I wasn't very worried about choosing a concentration coming into CSU, and I am not very worried now. I want to take some classes in each field, just to see what I like, and when I find something I am good at and excel at, I'll choose it. I felt that the speakers gave a good representation of the type of person you have to be to work in each concentration. I also found that they were very informative in changing my preconceptions of the individual concentrations. I think I have known for a long time that I would end up a business major. My dad is a regional controller for Clear Channel so I sort of assumed I would follow a path very similar path. I'm looking forward to getting started in some real business classes so I can get a real taste for each concentration. I would certainly feel comfortable meeting with a career advisor. I probably should, the sooner I can get started the better. The most useful information to me was the speakers from study abroad. I found what they had to say to be very persuasive and I certainly want to study abroad now. I have no idea where though.
Wednesday, December 2, 2009
Business Publication #2
Three Dumb Things Foreign Companies Do In China
http://www.forbes.com/2009/12/01/china-three-mistakes-leadership-managing-marketing.html
This article was about the three main reasons major companies fail when trying to market and sell in China. First of all, companies like Apple have had troubles selling their because they fail to localize their products. They don't modify their products to those potential customers that come from a different culture. Secondly, companies fail to localize their adverting. They don't get the same emotional attachment to advertising that culturally, doesn't make the audience feel the same way it would in the United States. Finally, companies are going too small. The Chinese pride themselves in having the biggest things. Two examples were the worlds largest airport and the worlds tallest building.
General Motors has ditched its chief executive after just eight months on the job
http://www.economist.com/businessfinance/displayStory.cfm?story_id=15009388&source=features_box1
This article is about GM's chief executive officer Fritz Henderson who was recently removed as CEO. Henderson was only in that position for eight months, and was appointed that position from within the company. Other failing American car companies such as Ford and Chrysler brought in outside help to manage their failing businesses. Those two have been slowly recovering while GM has not. Henderson was replaced by Edward Whitacre who has plans to bring the company out of its slump, but he has no ties on the position in the long run.
Luxury cars, boats and houses back on the agenda as super rich loosen the purse strings
http://www.theaustralian.com.au/business/news/luxury-cars-boats-and-houses-back-on-the-agenda-as-super-rich-loosen-the-purse-strings/story-e6frg90o-1225806417924
This article is about the excessively rich beginning to spend more and more as we begin to see a light at the end of this recession tunnel. Bentley has just recently introduced its newest model the Mulsanne. The Mulsanne will be put into production in February, and will cost 220,000 pounds. This equates to nearly $400,000. Also, the world's largest private yacht was recently sold for $129,000,000. Essentially, the overly rich in the world today are beginning to spend more now that the recession seems to have passed its low and is slowly dissipating.
http://www.forbes.com/2009/12/01/china-three-mistakes-leadership-managing-marketing.html
This article was about the three main reasons major companies fail when trying to market and sell in China. First of all, companies like Apple have had troubles selling their because they fail to localize their products. They don't modify their products to those potential customers that come from a different culture. Secondly, companies fail to localize their adverting. They don't get the same emotional attachment to advertising that culturally, doesn't make the audience feel the same way it would in the United States. Finally, companies are going too small. The Chinese pride themselves in having the biggest things. Two examples were the worlds largest airport and the worlds tallest building.
General Motors has ditched its chief executive after just eight months on the job
http://www.economist.com/businessfinance/displayStory.cfm?story_id=15009388&source=features_box1
This article is about GM's chief executive officer Fritz Henderson who was recently removed as CEO. Henderson was only in that position for eight months, and was appointed that position from within the company. Other failing American car companies such as Ford and Chrysler brought in outside help to manage their failing businesses. Those two have been slowly recovering while GM has not. Henderson was replaced by Edward Whitacre who has plans to bring the company out of its slump, but he has no ties on the position in the long run.
Luxury cars, boats and houses back on the agenda as super rich loosen the purse strings
http://www.theaustralian.com.au/business/news/luxury-cars-boats-and-houses-back-on-the-agenda-as-super-rich-loosen-the-purse-strings/story-e6frg90o-1225806417924
This article is about the excessively rich beginning to spend more and more as we begin to see a light at the end of this recession tunnel. Bentley has just recently introduced its newest model the Mulsanne. The Mulsanne will be put into production in February, and will cost 220,000 pounds. This equates to nearly $400,000. Also, the world's largest private yacht was recently sold for $129,000,000. Essentially, the overly rich in the world today are beginning to spend more now that the recession seems to have passed its low and is slowly dissipating.
Tuesday, November 10, 2009
Business Publication #1
'Banks on Steroids' worry France
http://news.bbc.co.uk/2/hi/business/8351766.stm
This article is about banks in France that have been bailed out, taking advantage of their extra money. They have been giving their employees large bonuses from government funded money. The problem is bonuses are being given to investment bank employees because they are taking certain financial risks that lead to financial crisis in the first place. Fortunately, due to government pressure to stop, excessive bonuses have been stopped. Others are worried that this will prove a mistake because certain firms will move elsewhere to make more money. Only time will tell.
Frontier maintenance jobs going to Milwaukee
http://www.denverpost.com/search/ci_13754528
This article is about the 150 Frontier Airlines jobs that will be moved to Milwaukee for the new maintenance facility that will soon be built. Denver mayor John Hickenlooper and other state officials have created an incentive package for Republic Airways Holdings, the new owners of frontier, to keep jobs here in Denver. Denver is currently competing with Milwaukee and Indianapolis, and it doesn't look very good for Denver.
Local Motors: A New Kind of Car Company
http://www.businessweek.com/innovate/content/oct2009/id20091028_848755.htm
In 2004, John Rogers took a book with him during his active military service that talks about people ending their dependence on fossil fuels. This inspired him to start his own car company that has a significantly smaller carbon footprint than those of other car companies. His idea was to create cars for individuals based on what they want, rather than mass producing a certain vehicle that might sit on the lot of a dealership because nobody wants it. It is based on his website where people can upload drawings of cars and vote on the designs of others. His first car to go into production will be the rally fighter, and that will take place in June 2010. He already has 23 people that want that type. Rogers doesn't aim to put the "Big Three" out of business, he just wants be a more Eco-friendly option for car buyers.
http://news.bbc.co.uk/2/hi/business/8351766.stm
This article is about banks in France that have been bailed out, taking advantage of their extra money. They have been giving their employees large bonuses from government funded money. The problem is bonuses are being given to investment bank employees because they are taking certain financial risks that lead to financial crisis in the first place. Fortunately, due to government pressure to stop, excessive bonuses have been stopped. Others are worried that this will prove a mistake because certain firms will move elsewhere to make more money. Only time will tell.
Frontier maintenance jobs going to Milwaukee
http://www.denverpost.com/search/ci_13754528
This article is about the 150 Frontier Airlines jobs that will be moved to Milwaukee for the new maintenance facility that will soon be built. Denver mayor John Hickenlooper and other state officials have created an incentive package for Republic Airways Holdings, the new owners of frontier, to keep jobs here in Denver. Denver is currently competing with Milwaukee and Indianapolis, and it doesn't look very good for Denver.
Local Motors: A New Kind of Car Company
http://www.businessweek.com/innovate/content/oct2009/id20091028_848755.htm
In 2004, John Rogers took a book with him during his active military service that talks about people ending their dependence on fossil fuels. This inspired him to start his own car company that has a significantly smaller carbon footprint than those of other car companies. His idea was to create cars for individuals based on what they want, rather than mass producing a certain vehicle that might sit on the lot of a dealership because nobody wants it. It is based on his website where people can upload drawings of cars and vote on the designs of others. His first car to go into production will be the rally fighter, and that will take place in June 2010. He already has 23 people that want that type. Rogers doesn't aim to put the "Big Three" out of business, he just wants be a more Eco-friendly option for car buyers.
Sunday, October 25, 2009
Concentration Paper
Part-1
1. Mike Engel
2. Centennial, Colorado
3. Corbett Hall
4. Business 100, Business 150, Math 118, Oceanography, Composition 150, and Microeconomics
5. I only work once a month at the Best Buy in Lone Tree.
6. I chose CSU because it is in the same state as my house, it is only about an hour and fifteen minutes on the drive, and when I visited here, I fell in love with the campus. It also ended up being the cheapest school, despite other scholarship offers I received from the University of Portland, and the University of Cincinnati.
7. I chose business as a major because I enjoy looking at different aspects of business, and I have been successful in business classes in the past. I figure if I'm good at it, why not give it a shot?
8. I love to just sit around and spend time with my good friends when I have nothing else to do.
9. No
10. I met with my advisor once.
11. I would be interested in studying abroad if I could go to country that speaks English as its native tongue.
12. I only think I will have a problem rationing my meal plan swipes. Other than that, I don't think I have any questions.
Part-2
1. When I think about "what I'm good at", not a whole lot comes to mind. I would say I'm good at being logical. I can step away from a situation and look at it with no bias, and determine the best plan of action to overcome certain obstacles. I also like to think I have some good management skills, although not so much when it comes to time. Often times i forget that something is due by a certain time of day. That has a tendency to get me in trouble. I handle things well when I'm under pressure. As far as concentrations are concerned, I would say I will need to be more decisive in my decisions. I tend to have difficulties feeling confident in my decisions, and that leads me to be a very insecure person. I would say I don't like to push people to do things they don't want to, so I don't think marketing would be a wise decision. As far as technology goes, I have a good basic knowledge of how to use computers; I just don't pick up on small details very well. This is especially a problem when I am not interested in something. I love money. Money is a huge motivation for me and I love dealing with money. I love sitting around and thinking about how I am going to manage my money.
2. Accounting-I am not currently considering Accounting, because I don't want to deal with taxes and all of that boring stuff.That is a little to detailed for my liking, and I don't like work that is so detail-oriented. Also, I am just not interested in the finite details of the tax system. I'll just use Taxcut from H & R Block to do that. I may be confused as to exactly what Accounting entails, but as far as I can tell from what my dad has told me, it is not my style.
Management- I am considering Management at this point, because I would, at some point, like to be in a management position of a company, because I like to lead. Also, I think I will make more money if I am in a management position. I think it would be enjoyable and a good experience to once own and manage my own business as well.
Marketing- I am currently listed as a marketing concentration. However, I have come to the decision that it is not in me to push people to do something they don't want to do. Sales is not something I think I would be good at. I enjoyed marketing in high school, as well as DECA, but I just don't like pushing people. If marketing is more than simply selling, then I may reconsider my decision to change concentrations.
Computer Information Systems- Honestly, I haven't thought for one second about majoring in CIS. Dealing with computers and their intricacies is not something that interests me. I would get way too bored trying to mess with the little things that make computers work. Like I said before, I'm not very detailed oriented, more of a big picture person. Therefore, CIS is probably the last concentration I have on my mind.
Finance- After deciding I didn't want to concentrate on Marketing, I started to think Finance would be a good fit for me. I love money, so why not make a career out of it? I can manage my money very well when I want to, and playing the stock market would be an easier way to make money than working a 9-5 job in a cubicle. I was also thinking I might like to work for a financial advising company, helping people manage their 401K's and other investment decisions. Right now, finance feels like the right fit for me.
Real Estate- Personally, I haven't even thought about Real Estate, nor did I know until now that Real Estate was even an option for business students to concentrate in. Needless to say, I haven't given it any thought. Selling houses might be enjoyable, but I'm not sure how good I would be at it, because I don't like to push people into things. Especially things like buying a house. Real Estate is also not very high on my list of preferred concentrations.
ESFJ-Guardian/Provider
Careers:
Health Care
Physician
Nurse
Respiratory therapist
Education
Social Service
Religion
Retail owner
Receptionist
Real estate agent
Sales representative
Red and Yellow
Careers:
Architect
Civil Engineer
Developer
Sports Manager
Electrician
FBI Agent
Firefighter
Geologist
My results from the Jung Typology Assessment was, from what I can tell, very accurate. It described many of the character traits that I think I have. For example, it said that I am focused on sensing and feeling. I like to think I have a gift for being able to see how people are feeling when they don't verbalize it, and that I am very sympathetic. I am also a good, group worker like the results from D. Keirsey specified. Also, it said I would be a good retail owner which I am thinking about pursuing in the future. It did also say I would be a good fit for real estate. I haven't thought about real estate as a career, but it may be something worth looking into if that is a good match with my personality type.
My results from the Princeton Career Quiz was a little less clear. This was probably because it was not as an extensive quiz and was more based on careers specifically. The career list was much longer, and I didn't really see any specific careers aside from sports manager that stood out to me. This makes me think management might be a good concentration to focus on, but I'm still unsure. The red result did say I would be a good fit in management as well. Aside from that though, I didn't really think it matched my personality too well. It was very vague, but I couldn't really relate to the descriptions.
1. Mike Engel
2. Centennial, Colorado
3. Corbett Hall
4. Business 100, Business 150, Math 118, Oceanography, Composition 150, and Microeconomics
5. I only work once a month at the Best Buy in Lone Tree.
6. I chose CSU because it is in the same state as my house, it is only about an hour and fifteen minutes on the drive, and when I visited here, I fell in love with the campus. It also ended up being the cheapest school, despite other scholarship offers I received from the University of Portland, and the University of Cincinnati.
7. I chose business as a major because I enjoy looking at different aspects of business, and I have been successful in business classes in the past. I figure if I'm good at it, why not give it a shot?
8. I love to just sit around and spend time with my good friends when I have nothing else to do.
9. No
10. I met with my advisor once.
11. I would be interested in studying abroad if I could go to country that speaks English as its native tongue.
12. I only think I will have a problem rationing my meal plan swipes. Other than that, I don't think I have any questions.
Part-2
1. When I think about "what I'm good at", not a whole lot comes to mind. I would say I'm good at being logical. I can step away from a situation and look at it with no bias, and determine the best plan of action to overcome certain obstacles. I also like to think I have some good management skills, although not so much when it comes to time. Often times i forget that something is due by a certain time of day. That has a tendency to get me in trouble. I handle things well when I'm under pressure. As far as concentrations are concerned, I would say I will need to be more decisive in my decisions. I tend to have difficulties feeling confident in my decisions, and that leads me to be a very insecure person. I would say I don't like to push people to do things they don't want to, so I don't think marketing would be a wise decision. As far as technology goes, I have a good basic knowledge of how to use computers; I just don't pick up on small details very well. This is especially a problem when I am not interested in something. I love money. Money is a huge motivation for me and I love dealing with money. I love sitting around and thinking about how I am going to manage my money.
2. Accounting-I am not currently considering Accounting, because I don't want to deal with taxes and all of that boring stuff.That is a little to detailed for my liking, and I don't like work that is so detail-oriented. Also, I am just not interested in the finite details of the tax system. I'll just use Taxcut from H & R Block to do that. I may be confused as to exactly what Accounting entails, but as far as I can tell from what my dad has told me, it is not my style.
Management- I am considering Management at this point, because I would, at some point, like to be in a management position of a company, because I like to lead. Also, I think I will make more money if I am in a management position. I think it would be enjoyable and a good experience to once own and manage my own business as well.
Marketing- I am currently listed as a marketing concentration. However, I have come to the decision that it is not in me to push people to do something they don't want to do. Sales is not something I think I would be good at. I enjoyed marketing in high school, as well as DECA, but I just don't like pushing people. If marketing is more than simply selling, then I may reconsider my decision to change concentrations.
Computer Information Systems- Honestly, I haven't thought for one second about majoring in CIS. Dealing with computers and their intricacies is not something that interests me. I would get way too bored trying to mess with the little things that make computers work. Like I said before, I'm not very detailed oriented, more of a big picture person. Therefore, CIS is probably the last concentration I have on my mind.
Finance- After deciding I didn't want to concentrate on Marketing, I started to think Finance would be a good fit for me. I love money, so why not make a career out of it? I can manage my money very well when I want to, and playing the stock market would be an easier way to make money than working a 9-5 job in a cubicle. I was also thinking I might like to work for a financial advising company, helping people manage their 401K's and other investment decisions. Right now, finance feels like the right fit for me.
Real Estate- Personally, I haven't even thought about Real Estate, nor did I know until now that Real Estate was even an option for business students to concentrate in. Needless to say, I haven't given it any thought. Selling houses might be enjoyable, but I'm not sure how good I would be at it, because I don't like to push people into things. Especially things like buying a house. Real Estate is also not very high on my list of preferred concentrations.
ESFJ-Guardian/Provider
Careers:
Health Care
Physician
Nurse
Respiratory therapist
Education
Social Service
Religion
Retail owner
Receptionist
Real estate agent
Sales representative
Red and Yellow
Careers:
Architect
Civil Engineer
Developer
Sports Manager
Electrician
FBI Agent
Firefighter
Geologist
My results from the Jung Typology Assessment was, from what I can tell, very accurate. It described many of the character traits that I think I have. For example, it said that I am focused on sensing and feeling. I like to think I have a gift for being able to see how people are feeling when they don't verbalize it, and that I am very sympathetic. I am also a good, group worker like the results from D. Keirsey specified. Also, it said I would be a good retail owner which I am thinking about pursuing in the future. It did also say I would be a good fit for real estate. I haven't thought about real estate as a career, but it may be something worth looking into if that is a good match with my personality type.
My results from the Princeton Career Quiz was a little less clear. This was probably because it was not as an extensive quiz and was more based on careers specifically. The career list was much longer, and I didn't really see any specific careers aside from sports manager that stood out to me. This makes me think management might be a good concentration to focus on, but I'm still unsure. The red result did say I would be a good fit in management as well. Aside from that though, I didn't really think it matched my personality too well. It was very vague, but I couldn't really relate to the descriptions.
My Why Factor
Well, I know it's late, but here it is.
I am in college to gain the experience, as well as to get a good education so I can have a job lined up when I graduate. My parents are a large motivation for me to get up and go to class. They are paying for half of my education, and frankly, I don't want to fork out another $30,000 for school. I try and work hard to get good grades so I don't have to be lectured by my parents about how important school is. I would say that getting a good job when I get out of college is my main reason for working everyday. I want to be able to support a family and have money.
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