Friday, June 5, 2020

Want to Increase Your Productivity at Work Just Walk Away

We at Hult Labs, given our own experiences, are willing to guess that your workday begins, and ends, with two things you may not give much thought to—a desk and a chair. We are also willing to guess that you sometimes get trapped, in that desk and chair, as you focus on being a productivity machine. That’s probably not an earth-shattering revelation, but we’re making a point about how common it is for us to spend—unquestioningly—countless hours almost frozen in time, sitting at a desk and staring at a screen. Why state the obvious? We’ve come across compelling research about the fact that sitting at a desk for long stretches of time can actually be quite bad for us, even aversely affecting our ability to be truly productive. Thankfully, there’s some newly emerging thinking on the best ways to partition our workday so that we can maximize our productivity during our time at the office. Most of us have been conditioned to believe that sitting at a desk, sometimes for hours on end, translates to a greater level of productivity. â€Å"Did I work hard today? I was at my desk for 10 hours!† Sure, it sounds impressive (in a way), but does that mean that more work—or better work—was done? Thorin Klosowksi solves this burning question in his article â€Å"The Office Worker’s Schedule for Healthy Living,† in which he asserts that we can be both productive and healthy if we are willing to follow a schedule that reminds us throughout the day to step away from our desks for a breather. He writes: â€Å"Creating a schedule to remind yourself to stand up and exercise a little might seem insane, but its pretty clear we all need some type of motivation because were not doing it on our own.† Thing is, we’re so trained to think that walking away from our desks means that valuable work time is also taking a walk on the non-productivity side. Not true! We’ll get to why that is, but first: how can we break this conditioning, this strongly ingrained habit to be tethered to our desks? First, we have to be our own advocates, our own â€Å"walk away† coaches. As it turns out, â€Å"we sit for about 15 hours a day,† a stunning factoid that Klosowski mentions in his article. His research uncovered the following: â€Å"When youre sitting, the big muscles, especially in the lower part of body, are completely unloaded. Theyre not doing their job, That inactivity prompts changes in the bodys metabolism†¦and produces a number of biological signals, what scientists call biomarkers, which are linked to cancer.† Imagine day after day of sitting, almost immobile, tackling one to-do list item after another—even eating at your desk in an attempt to counter an ever-growing list of tasks or emails. It’s probably not too hard to envision this because it’s probably your reality. And that’s a problem. Long stretches of sitting may not directly translate to certain cancers for you, but the odds are getting stacked—and not in your favor. And it’s not just a lower body/sitting issue. Klosowski takes a look at other modern-day office hazards, like eye and wrist strain, which can be annoying at best, or require surgery at worst. It makes a desk job sound almost†¦dangerous! But it’s not just our bodies that suffer; our minds can take a beating as well. In her article, â€Å"To Stay on Schedule, Take a Break,† Phyllis Korkki quotes Rotman School of Management professor, John P. Trougakos: â€Å"Mental concentration is similar to a muscle†¦It becomes fatigued after sustained use and needs a rest period before it can recover.† Trougakso recommends in the article that we take a break before reaching the end of our mental rope. Korkki writes: â€Å"Symptoms of needing time to recharge include drifting and daydreaming.†Ã‚   But we wonder: Is there an exception to taking a break every hour? Wouldn’t it be better to keep working if you’re in â€Å"the zone† and id eas are flowing from your mind like water from a faucet? The answer to that may surprise you. Enter Klosowski’s schedule (devised in collaboration with Brian Parr from the Department of Exercise and Sports Science at the University of South Carolina Aiken), which is designed to make you take leave of your computer every half hour. That’s right—you’ll have to step away from that poetically comprehensive spreadsheet that’s in the making, that perfectly worded email to your clients that’s not quite done yet, or the phone that never stops demanding your attention. This may sound like defying gravity, but it really isn’t. And there’s good incentive to do it. Klosowski quotes Parr as saying, â€Å"I think a good goal is 5-10 minutes of activity (away from the desk) per hour. That could be 5 minutes every half hour or 10 minute each hour†¦some workplaces are more supportive of taking short activity breaks than others. Many of these ideas can be done â€Å"secretly.† The benefit of taking breaks for the amount of time that Parr suggests is that you are giving some stasis to—if not preventing altogether—the negative impact that sitting at your computer can have on your body and mind. The research shows that short breaks, again, away from the desk, actually make us more productive than if we’d stayed at the desk all along. We may seemingly â€Å"lose† work time every time we get up to take a break, but we gain it back in spades through our increased productivity throughout the day. We recommend that you read the article in its entirety to figure out how best to incorporate Klosowski and Parr’s recommended schedule for a productive workday, but we will leave you with this: a routine that involves 10 minutes of some form of activity—away from your desk (yes, we’re stressing a point)—every hour may include a walk around the block for a few minutes and then some stretching, or grabbing a coffee and checking in with a colleague. There are myriad ways to re-charge your body and mind in under 10 minutes. In fact, Klosowski states, †By the end of the day, it is reasonable that someone could stretch and strengthen all of the major muscle groups. For many people, that is a lot of exercise!† And if you’ve abandoned your exercise routine because of your long work hours, you’ll be gaining some beneficial physical activity while increasing your productivity. Fit, productive and healthy? Who says you can’t have it a ll? Not Hult Labs. Photo courtesy of Antony Hell. Make the most of what your career has to offer with a Masters in International Business from Hult. To learn more, take a look at our blog Hult scores in top 20 in The Economist’s Which MBA? ranking for 2019, or give your employability a huge boost with an MBA in international business. Download a brochure or get in touch today to find out how Hult can help you to explore everything about the business world, the future, and yourself. Related posts News Building success: Dual Degree students win at USASBE Community How going beyond business at Hult helped me launch my company Admissions Accepted Students Weekend: A weekend to remember Careers Career mapping: How to become an executive in the next 5 years 0 Thought leadership How to prepare for an uncertain future in a world of AI News Is mail a dying form for businesses and marketing? Instagram Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .

Sunday, May 17, 2020

The Quest for Individual Freedom in Liberalism

Liberalism is one of the principal doctrines in Western political philosophy. Its core values are typically expressed in terms of individual freedom and equality. How these two ought to be understood is a matter of dispute so that they are often differently declined in different places or among different groups. Even so, it is typical to associate liberalism with democracy, capitalism, freedom of religion, and human rights. Liberalism is has been mostly defended in England and the United States. Among the authors that most contributed to the development of liberalism, John Locke (1632-1704) and John Stuart Mill (1808-1873). Early Liberalism Political and civic behavior describable as liberal can be found across the history of humanity, but liberalism as a full-fledged doctrine can be traced back to approximately three hundred and fifty years ago, in northern Europe, England, and Holland in particular. It should be remarked, however, that the history of liberalism is entrenched with the one of an earlier cultural movement, namely humanism, which flourished in central Europe, especially in Florence, in the 1300 and 1400s, reaching its apex during Renaissance, in fifteen hundreds. It is indeed in those countries that most delved into the exercise of free trade and exchange of people and ideas that liberalism thrived. The Revolution of 1688 marks, from this perspective, an important date for liberal doctrine, underlined by the success of entrepreneurs such as Lord Shaftesbury and authors such as John Locke, who returned to England after 1688 and resolved to finally publish his masterpiece, An Essay Concerning Human Understanding (1690), wherein he provided also a defense of individual liberties that are key to the liberalist doctrine. Modern Liberalism Despite its recent origins, liberalism has an articulated history testifying of its key role in modern Western society. The two great revolutions, in America (1776) and France (1789) refined some of the key ideas behind liberalism: democracy, equal rights, human rights, the separation between State and religion and freedom of religion, the focus on the individual well-being. The 19th century was a period of intense refinement of the values of liberalism, which had to face the novel economic and social conditions posed by incipient industrial revolution. Not only authors such as John Stuart Mill gave a fundamental contribution to liberalism, bringing to the philosophical attention topics such as freedom of speech, the liberties of women and of slaves; but also the birth of the socialist and communist doctrines, among others under the influence of Karl Marx and the French utopists, forced liberalists to refine their views and bond into more cohesive political groups. In the 20th century, liberalism was restated to adjust to the changing economic situation by authors such as Ludwig von Mises and John Maynard Keynes. The politics and lifestyle diffused by the Unites States throughout the world, then, gave a key impulse to the success of liberal lifestyle, at least in practice if not in principle. In more recent decades, liberalism has been used also to address the pressing issues of the crisis of capitalism and the globalized society. As the 21st century enters into its central phase, liberalism is still a driving doctrine that inspires political leaders and individual citizens. It is the duty of all those who live in a civil society to confront with such a doctrine. Sources: Bourdieu, Pierre.  The Essence of Neoliberalism.  http://mondediplo.com/1998/12/08bourdieu. Britannica Online Encyclopedia.  Liberalism.  https://www.britannica.com/topic/liberalism. The Liberty Fund.  Online Library. http://oll.libertyfund.org/. Hayek, Friedrich A.  Liberalism.   http://www.angelfire.com/rebellion/oldwhig4ever/ .Stanford Encyclopedia of Philosophy. Liberalism.  https://plato.stanford.edu/entries/liberalism/.

Wednesday, May 6, 2020

Happiness Is A State Of Contentment - 805 Words

What is happiness? Happiness is a state of contentment. For instance, when I was a child at the age of 5 years old, I would find happiness by eating dirt, playing hide and seek, and being with my older siblings. The connotation could be defined in many actions; it depends on who the question is towards. If somebody just sees the negative aspects of life he does not notice the wonderful ones. Happiness comes in a whole variety of ways. Whenever a kindergartner is asked what makes him happy, he would say hugging family,† â€Å"eating candy,† â€Å"playing with toys,â€Å" and â€Å"friends.† If a kindergartener says giving hugs or receiving hugs, for instance; the hug of his parents how his father scent of cologne he puts before he goes to work. The scent of his mother s perfume which he helped choosing with his dad. How their hearts beat next to his ear as they hug him. This type of comfort is near love which he feels with the people closest to his heart hugs him he then gets the joy of glee. Happiness is found everywhere and one must simply search in the right places to find it. For instance, someone who just learned how to tie his shoes could demonstrate happiness by getting his shoe and declaring how he learned. While he ties his shoes and hears the encouragement of his parents saying â€Å"you can do it† it then leads him to touch his shoes and sees it accomplished. These are some common examples of experiences of this emotion known as happiness. These examples demonstrateShow MoreRelatedDefining What Happiness Is All About Essay921 Words   |  4 PagesWhat Happiness Is All About By Vaishnavi S | Submitted On June 10, 2012 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Vaishnavi S What is happiness? There is no definitive meaning to happiness. It meansRead MorePursuit of Happiness647 Words   |  3 Pages25 April 2014 Authentic Happiness We began this course with the question â€Å"What is happiness? and Can we all achieve authentic Happiness? In our life we are taught many things, but we are not taught how to achieve our own happiness. 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Tuesday, May 5, 2020

Trends in Income and Price Elasticity of Transport †Free Samples

Questions: 1. Define and explain the three key economic ideas: 2. Using the economics or other literature to identify estimates of the income elasticity of demand for at least three different products. Answers: Define and explain the three key economic ideas: People are rational: Rationality plays an important role in the field of economics. It is a common to assume that people are rational in behaviour. They choose a bundle of goods, from the given alternatives, which gives them highest level of satisfaction. The resources are taken to be constant and the decision is made according to the priorities and preferences(Mathis Steffen, 2012). Consumer, producers and society try to maximise their level of satisfaction, profits and welfare respectively. They all work at margin. A consumer tries to consume a commodity till the point his satisfaction from additional unit turns to zero, given his level of income and prevailing prices(Krstic Krstic, 2015). Producer produces till the point where his gains from additional unit turn to zero. For example, if George produces belts, he will produce till the point where his profits (revenue- cost) turn to zero with given resources and technology. There is no incentive for him to produce further as the c osts will be higher than the revenue. People respond to incentives: Incentive motivates consumers, producers and society to increase their consumption, production and welfare respectively. A rational person compares his costs to his gains. Positive incentives increase the gains of each while the negative ones forbid further consumption or production(Cardinaels Jia, 2010). Fall in prices is a positive incentive for consumers to increase their consumption while the same phenomenon is negative for the producers and vice versa. They then decrease their production until the increase in demand (because of lower price) pushes the prices back to the initial value. Decline in prices both increases the demand and decrease the production. Producers decrease the output because their profits are reduced(MatthewMcCaffrey, 2014). For example, if the price of apples falls, Serena increases her consumption of apples with her given level of income. The reduced prices acts as in incentive and persuades Serena to increase her satisfaction with increased consumption. Optimal decisions are made at the margin: A rational person makes a decision based on a given number of alternatives. He trade-offs the ones associated with lesser satisfaction for the better ones, as per his preferences. These decisions are made with respect to the existing circumstances. It is about increase or decrease in the current consumption or production. Decisions are never about all or none. Optimum decisions are made in terms of satisfaction or profits derived from the subsequent unit. Decision will be favourable when the satisfaction or gains from the subsequent unit exceeds the cost or it and vice versa. At the optimum level, marginal cost is equal to marginal revenue. After this point, gains are less than the costs and the production or consumption is reduced(Lunenburg, 2010). For example, Dan, a bread baker, uses marginal analysis to compare the costs and gains associated with the additional production of breads. He employs his funds and other resources to increase the production when there is high demand. The gains will be more than the cost associated with the production increase. Using the economics or other literature to identify estimates of the income elasticity of demand for at least three different products. Income Elasticity of Demand estimates: Income elasticity of demand refers to the responsiveness of demanded quantity of a good for a given change in the income of the consumer(Fouquet, 2010). It is used to estimate the future production gains associated with the rise in the income level of the consumers. It can be calculated as follows: Income elasticity of demand () The income elasticity of demand has a range from zero to infinity. As the value of elasticity gets closer to infinity, the more elastic is the good. If the magnitude is closer to zero, then the good is inelastic to the income. Income elasticity range is as follows: Value Elasticity 0 Perfectly Inelastic 0 1 Relatively Inelastic 1 Unit Elastic 1 Relatively Elastic Perfectly Elastic Income elasticity of demand bifurcates goods into normal and inferior. Normal goods have a positive relationship between income level and demand while inferior goods demand increases with the decrease in income level and vice versa(Khan, 2012). Normal goods: Income Elasticity is positive Necessity goods: Income Elasticity is positive but low Luxury goods: Income Elasticity is positive and high Comfort goods: Income Elasticity is unitary (=1) Inferior goods: Income Elasticity is negative High income elasticity of demand implies that a small change in the income of the consumer, changes the demand significantly. That is the demand is very sensitive to the change in income(Fouquet, 2010). The negative sign is an indicator of negative relation between the income of the consumer and demand of the good. This implies it is an inferior good. Positive sign implies normal goods, which can be necessities, luxuries or comforts(King Weimer, 2012). Examples for income elasticity are: Suppose Daniels income increases by 15%, his demand of bread increases by 3%. Income elasticity of bread in this case will be as follows: Bread is a necessity for Daniel. Even though his income has increased, the demand for bread is not affected much. He may increase his consumption to some extent but it is not significantly high. He will consume bread even if his income decreases. The value of elasticity is positive but low. Thus, it implies that the income elasticity of necessities is relatively inelastic. Assume that the consumers income increases by 20% and the demand of gold increases by 80%. The income elasticity here will be: As can be seen, income elasticity in case of luxury goods like gold, income elasticity is high and positive. This shows that the luxury goods are relatively income elastic. Alteration in the income of the consumer results into high demand for the luxuries. If the income of the consumer rises by 20%, the demand for public transport like busses falls by 40%. Income elasticity of public busses is as follows: The negative sign only signifies that it is an inferior good. Here, the income elasticity is negative and relatively elastic. When the income of the consumer rises, the demand for inferior good gets reduced. Since, the quality of the goods is low; people opt for better options with the increased income. They switch to cabs in the given case. References Cardinaels, E., Jia, Y. (2010). The Impact of Economic Incentives and Peer Influences. Retrieved March 09, 2018, from file:///C:/Users/%234079/Downloads/econ_incent_peers_honesty_final_draft.pdf Fouquet, R. (2010). Trends in Income and Price Elasticities of Transport Demand (1850-2010). Energy Policy, 50, 50-61. Khan, S. (2012, June). Income Elasticities of Demand for major consumption items. International Journal of Scientific and Research Publications, 02(06). King, M. K., Weimer, D. L. (2012). Price and Income Elasticities of Demand for Energy. Theory and Practices for Energy Education, Training, Regulation and Standards. Krstic, B., Krstic, M. (2015). Rational Choice Theory and Random Behvaviour. Original Scientific Article, 61(01), 1-13. Lunenburg, F. C. (2010). The Decision Making Process. National Forum of Educational Administration and Supervision Journal, 27(04). Mathis, K., Steffen, A. D. (2012). From Rational Choice to Behavioural. Retrieved March 09, 2018, from https://www.unilu.ch/fileadmin/fakultaeten/rf/mathis/Dok/1_Mathis_Steffen_From_Rational_Choice_to_Behavioural_Economics.pdf MatthewMcCaffrey. (2014). Incetive and Economic Point of View: The Case of Popular Economics. The Review of Social and Economic Issues, 01(01), 71-87.

Sunday, April 19, 2020

RMIT International University Vietnam Essays - Linguistics, Culture

RMIT International University Vietnam Master of Business Administration Assignment Cover Page Subject Code BUSM4450 Subject Name: Business Research Design Location Campus (SGS or HN) where you study: RMIT Hanoi Campus Title of Assignment: (In the form of a question) Assessment 3 - Reflection Journal File(s) Submitted: Assessment 3 - Reflection Journal Student name: Le Thanh Thuy Student Number: S3360505 Lecturer and Group number: Dr Matthew McDonald Assignment due date : 10/9/2017 Date of Submission: 10/9/2017 Number of pages including this one: Word Count: (Main Content - excluding appendices reference lists) Table of Contents TOC \o "1-3" \h \z \u 1.Introduction PAGEREF _Toc492507382 \h 3 2.Reflective Journal PAGEREF _Toc492507383 \h 3 2.1.Initial Problem Identification : PAGEREF _Toc492507384 \h 3 2.2.The Concepts and Theory of Research Design Application PAGEREF _Toc492507385 \h 4 2.3.Forward Movement PAGEREF _Toc492507386 \h 4 2.4.Project Team Performance PAGEREF _Toc492507387 \h 5 2.5.Positive and Negative Experiences PAGEREF _Toc492507388 \h 6 2.6.Future Career Application PAGEREF _Toc492507389 \h 6 3.Conclusion PAGEREF _Toc492507390 \h 7 Reference Lists : PAGEREF _Toc492507391 \h 8 Introduction After completing two assessments for the Business Research Design course, the coordinator gave us the formula how to write a Reflective Journal in assessment 3. The reflective writing require us to obtain the deeper thinking of personal experiences and what about the observation during the process in order to make the research proposal. Our research question is : "Why do Vietnamese workers prefer working for a foreign company to a local one?". In the journal, I will report what I have learnt from nine sessions of the course and the process that my team project have been through, what we did well and did not do well. Beside this, I will discuss more about the knowledge what I have gained and evaluate my performance in both myself and team members, clarify clearer about my thoughts and spot the patterns and links of the course, thus, I would be able to purify why things happen the way my project team did and how much successful we achieved after completing the research proposal. Furthe rmore, the reflective journal will also identify the positive experience when working in a team and evaluate the effectiveness of the course which can assist for my lifelong learning, especially for the business research career. Reflective Journal Train J Athl ( 2006 ) identifies the benefits of writing a reflective journal are strengthening personal reflection, making the critical thought become easier and enhancing the feeling expression. Additionally, Walraven V C (2017) emphasizes that the reflective journal is a helpful learning evaluation for many wide range of subjects and this writing is not much requirements for students and do not need e effort for coordinator for any helps. Instantly, reflective journal permits students to reflect on their understanding they have learnt in class by writing on the reflection, students can demonstrate their knowledge and personal experiences after each lesson based on reflective journal and propose their new plan for the next lecture. A journal writing educate students to create new perspectives and allow them to blow their mind, brainstorm many kinds of new ideas, strengthen the skillfulness and optimize their critical thinkings. Thus, for each journal writing regularly after class, students would improve certainly in terms of their writing skills, sentences consistency and their creativity and innovative thinking as well. In the next sections, my reflective journal will emphasize our Sky Team s performance and demonstrate the quality of research proposal throughout four days of intensive class. Also, I will illustrate my critical thinking and personal experiences I have gained when I taking part in my project team during attending the Business Research Design course. Additionally, based on the process of writing a reflective journal in the online RMIT Learning Lab, I will discuss three key points that how to write an effective journal writing are describing the positivity and negativity what things happened, examine and assess the learning experience throughout intensive course and further personal knowledge what I have learnt from this experiences. Initial Problem Identification : The problem our Skyteam focus on is about the high turnover rate of Vietnamese companies compare to foreign ones. Vietnam now is a developing country which high potential for foreign investments, however, there is a large amount of Vietnamese young talents tend to

Sunday, March 15, 2020

A Seperate Peace- Finny&Gene essays

A Seperate Peace- Finny&Gene essays The line between friendship and hatred can sometimes be very unclear. Where exactly does one cross over this line? Could it possibly be when one discovers envy within himself for his friend, or is it when he begins to wish he is somewhere other then where he is? In the novel A Separate Peace by John Knowles, the friendship line between Finny and Gene is extremely unclear. What would cause ones best friend to jounce a tree limb in hopes the other would be harmed? To understand the relationship of Finny and Gene you must analyze their backgrounds. The narrator of the novel, Gene Forrester, is a grown man who returns to the Devon School and recollects his years spent there. During the duration of the novel Gene is around 16 years old, he is thoughtful, intelligent, with a tendency to brood. Gene is extremely competitive with a sarcastic sense of humor. He often shuns overt displays of emotion, much like most students at Devon. Genes best friend is Finny(Phineas). Finny is perfect in almost every way. He is honest, handsome, self confident, utterly disarming, extremely likable, as well as the best athlete in the entire school. Finny lives for moments of pure, unrestrained friendship, and his strong sense of loyalty extends to any group of which he is a member. He strives to be rebellious, making even the sternness proponents indulge in anarchical bliss with him. Now understanding the identity of Gene and Finny you can begin to analyze their friendship. The two characters both have their own strong and week qualities. Gene is smart and an average athlete, while Finny is an excellent athlete but a below average student. In a situation such as this, one may begin to get jealous of the others gifts. In the novel Gene realizes that Finny is extremely envious of his gifts and tries many different ways to ruin Gene. For example Finny drags Gene to the coast, keeping him up all night, ca ...

Thursday, February 27, 2020

Uncontrollable randomness in life Research Paper

Uncontrollable randomness in life - Research Paper Example ‘The Birds’ a movie is set in Great Britain where humans are unexpectedly attacked by birds. The government of Great Britain fails to protect its citizens from the attacking birds. This movie depicts a situation where nature has turned against the human race and causes massive deaths (Bishop 135). Humans are unable to control nature which is represented here by the birds. Christopher D. Morris argued that the birds in Hitchcock’s film are more of a contribution to the gothic drama industry they an interpretation of natural phenomenon (Bishop 136). The presence of the birds can be understood as a method Hitchcock uses to bring out his favorite theme: destructive force of the patriarchy (Bishop 145). In the movie, Mitch tries to nail boards across the door but the birds still manage to break these defenses (Bishop 138). Patriarchy in the movie posed a greater threat to Melanie than the birds (Bishop 139) Some things happen in life that are random and beyond the human control. Birds attacking people in the Hitchcock’s movie is an example of such events. However, some critics argue that birds in Hitchcock’s movie should be interpreted as a method to bring out the theme. This paper concludes that Hitchcock used birds to depict uncontrolled situations in life as well as build on gothic