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Tuesday, August 25, 2020
Evaluation of Macroeconomic Performance Australia â⬠Free Sample
Question: Talk about the Evaluation of Macroeconomic Performance Australia. Answer: Presentation As per the article posted in The Economic Times Macroeconomics is the part of financial matters that reviews the conduct and execution of an economy overall. It centers around the total changes in the economy, for example, joblessness, development rates, total national output, and expansion. From the given articulation one can without much of a stretch comprehend that macroeconomics goes about as the strategy to break down the entirety of the gross markers just as the microeconomic segments that influence the economy. In the contemporary economy, Macroeconomics models have become a basic apparatus for Government just as enterprises in the plan of financial approaches, methodologies and dynamic. Today, Australia is one of the most extravagant Asia-Pacific countries and has delighted in over two many years of monetary enlargement. Australia is one of the nation which is universally best in class and forward nation with respect to its administrations, advances, and high worth included made merchandise. As per the Australian Economy, the financial development of Australia has become 2.4% till the assessment done on seventh May 2017. All the data are obvious from the photos above. In general, Macroeconomics comprise of rundown of bit of financial information of large scale which are utilized by investigators to decipher and conclude present or future the general soundness of the economy. The financial pointers incorporate Gross Domestic Product(GDP), Inflation rate, Unemployment rate, Exchange rate, Interest rate, Balance of exchanges, Fiscal and Monetary arrangement, and the Consumer Price Index (CPI). The Key Macroeconomic Indicators Net Domestic Growth Rates (GDP) The proportion of total yield in the national pay accounts in national salary is total national output. The count of GDP in Australia is made by Australian Bureau of Statistics which makes two sorts of amendments one quarterly and other one yearly. There are two kinds of GDP to be specific ostensible GDP and genuine GDP. Ostensible GDP entirety of the amounts of definite merchandise delivered times their present cost though genuine GDP is developed as the whole of the amounts of the last products time steady costs. Source: (Trading Economics, 2017). The above picture shows the advancement of yearly GDP of Australias economy from January 2014 where we can find that the development rate is higher in 2016 however them GDP of Australia has not changed its status from downturn hindered by short downturns more than scarcely any years. The figure shows the arrangement of developments that Australian economy has experienced. The normal development rate from January 2014 to January 2017 is 2.7. As we realize that GDP is a significant number which mirrors the monetary size of the nation. Australia has a decent financial condition till date followed by the great GDP development rate. Swelling Rate The swelling rate is known as the rate at which the cost level increments. Expansion influences economy both positive and negative ways. In the event that expansion increment the expansion opportunity cost which may prompt debilitation in speculation and reserve funds. Beneficial outcome is that it national banks get opportunity to alter financing cost to settle the economy and diminishing joblessness because of ostensible compensation unbending nature. Source: (RBA, 2017). The swelling pace of Australia is diminishing contrasting with recent years till date .According to the ongoing audits from scientists of the UBS financial aspects group Australias expansion to the US, Canada, and Europe it is commonly 1 percent quicker in pretty much every segment on an annualized premise. This announcement demonstrates that Australia has less serious market structures in contrast with other created nations, for example, America, Canada, and Europe over the best piece of not many years. Joblessness Rates Joblessness rate can be characterized as the proportion of the quantity of jobless individuals to the complete number of individuals in labor power. The joblessness rates is legitimately corresponding to the quantity of individuals who are jobless, bigger the jobless people groups number bigger the joblessness rate. Source: (ABS, 2017). The above figure mirrors that the joblessness rate in 2016 has reached to 6 percent though earlier year it was 5.5 percent. The explanation for the expansion in joblessness rate possibly the high number of human asset however less opening for work accessible. Joblessness rate demonstrates whether an economy is working above or underneath its ordinary degree of action. Joblessness has significant social results. Lower joblessness rates is additionally an issue as it shows that the economy not utilizing a portion of its human asset proficiently. Remote Exchange Rates Swapping scale is viewed as the estimation of one countrys cash corresponding to another countrys money. In remote trade rates, the cost of unit of residential money is communicated as far as the outside cash. Outside money rate has base cash, on account of Australia and numerous different nations they use US dollars as their base money. The conversion scale variance have compositional impacts, making a few ventures extend though some to shrivel. The devaluation in Australian dollar energizes the use of residential merchandise as imported products gets costly. A lower trade rates additionally makes Australian fares increasingly serious as sent out merchandise and ventures become less expensive in outside cash terms. From the charts above we can find that the conversion scale of Australia is unique in relation to year to year however in recent years, it has been low. According to the last record made 0.7 was the conversion scale of Australia. Loan fee A loan fee is the expense of getting cash. The variety in financing cost influences numerous enterprises, however the land and banking are the most influenced region among them. At the point when the financing cost rises credit taking turns out to be progressively costly, advance items gets influenced though negative effect in private land costs happens. The low-loan cost is the side effects for falling swelling. The financing costs in Australia is diminishing in best hardly any years which prompts less expensive obtaining, empower spending and venture, because of this, there will be high total interest and monetary development which is acceptable from the monetary possibilities of the nation. In the event that financing cost decays than it will likewise deteriorate the trade rates. Equalization of Trade (BOT) BOT is a factual apparatus that guides in understanding the general quality of a countrys economy contrasting with different nations economy and the progression of exchange between countries. In another word, it can likewise be characterized as the distinction between countrys imports and its fares for the given timeframe. A nation which imports a greater amount of its merchandise and ventures than its fare than it has exchange shortage. On the other hand, if the nation sends out a bigger number of merchandise and ventures than the products and enterprises they imports, it has an exchange overflow. By deducting the acknowledge things, for example, sends out, outside interests in local economy to import things, for example, imports, remote guide, local venture abroad we will know it is possible that it is exchange shortage or exchange surplus for a given nation given timeframe. Source: (Trading Economics, 2017). The diagrams above obviously shows that the exchange overflow of Australia has 0.55 billion from the earlier years as the fare rose not as much as imports in 2017. In February 2017 Australias exchange surplus hopped to the second most elevated level on the record. Buyer Price Index (CPI) Principally, CPI is a factual gauge that investigations the costs of an essential items inside a country. For the most part, it is gotten by computing changes in the cost of chosen items. Consequently, any adjustments in the CPI reflects changes in costs in the economy related with the average cost for basic items. It merits calling attention to that the degree of CPI in Australia has been rising generously in the course of recent years. In the primary quarter of this current year, the CPI expanded to 110.50 file focuses, contrasted with the 110 list focuses recorded in the final quarter of a year ago (Australian Government, 2017). Since 1950 as of recently, the normal degree of CPI is assessed at 43.20 record focuses. During this period, the most elevated CPI level is the 110.50 list focuses experienced in the primary quarter of this current year (Trading Economics, 2017). Contrariwise, the most minimal CPI was accomplished in 1950 at 4.20 file focuses (ABS, 2017). Financial and Monetary Policy Monetary approach in Australia In financial aspects, monetary approach relates to the utilization of government income assortment in structure expenses and government spending as open consumptions to impact the total economy. Overwhelmingly, monetary strategy in Australia is embraced by the Australian government, through the congress. Keynesian financial matters propose that adjustments in the degree of spending and tax assessment brings about changes in the total interest of the economy just as invigorates monetary action in the total economy. Essentially, the turn of events and usage of monetary strategy in the nation is consistent to the Charter of Budget Honesty Act 1998 (RBA, 2017). Remarkably, this demonstration forces a conventional commitment on the state to figure and report its medium-term financial techniques. Note that the Australian government utilizes expansionary financial strategy to animate the economy during times of decreased development. Then again, it utilizes contractionary approaches to slow the degree of monetary development if the economy is encountering abundance development. Critically, incited changes in the arrangement and level of government spending and tax collection in Australia influences different macroeconomic factors, among them the total interest, reserve funds, ventures and the level of pay conveyance. Regularly, when the administration accepts that there isn't sufficient business movement and spending in the economy, it incites a boost spending by expanding the sum it spends. Similarly, if the expense receipts from t
Saturday, August 22, 2020
Do Curfews Keep Teens Away From Crime Assignment - 9
Do Curfews Keep Teens Away From Crime - Assignment Example As per an article that investigates impacts time limit laws have on young people, less is obvious about the constructive effects. The article expresses that inquires about who have attempted to investigate the impacts of curfews on lessening wrongdoing have depended on suppositions and not realities (Kline 2). Numerous urban areas in the United States have set up curfews for youngsters following the 1990s when wrongdoing cases among the adolescents appeared to be on the ascent. This measure along these lines planned for guaranteeing security among them. These curfews are anyway typically material to teenagers who are under an explicitly expressed age. As much as it might diminish wrongdoing among those under the expressed age, it will have no suggestion on kids simply over the legal age subsequently they will proceed with their criminal practices (Kline 1). They will have the option to impact the youngsters who will resist the curfews and enjoy wrongdoing. This article, in this way, demonstrates setting curfews for adolescents isn't an answer for the expanded wrongdoings among young people in the urban areas. A legitimate arrangement, accordingly, ought not immediate to the youngsters alone yet the adolescent as a rule. As indicated by an article in Greater Washington titled as ââ¬ËTeens need activities, not curfewsââ¬â¢, curfews have worked adequately on different urban communities and have had the option to diminish the quantity of violations among young people (Reed). The article, in any case, brings its cases expressing that many feel curfews are unreasonably prohibitive for the young people and that they don't eradicative the main driver of wrongdoing among the adolescents. The fundamental driver of bad conduct among the young people according to this article is absence of fitting activities. Along these lines, they keep themselves occupied by enjoying criminal activities.â
Sunday, August 9, 2020
MPA-DP Summer Placement in Hanoi, Vietnam COLUMBIA UNIVERSITY - SIPA Admissions Blog
MPA-DP Summer Placement in Hanoi, Vietnam COLUMBIA UNIVERSITY - SIPA Admissions Blog Nausher Khan MPA-DP 19 shares his Summer Field Placement experience in Hanoi, Vietnam. Over the course of the summer, I along with my MPA-DP colleague, Claire Thibault worked with the International Center for Tropical Agriculture (CIAT) in Hanoi as part of the inaugural Columbia World Project (CWP). The CWP is titled ACToday: Adapting agriculture to climate today for tomorrow and is a collaboration between the International Research Institute at Columbia University and strategic partners in 6 countries. The project is operational in Vietnam, Bangladesh, Ethiopia, Senegal, Colombia and Guatemala and is scheduled to run for 5 years commencing in 2018. The CWP is mandated with working with the relevant national governments and civil society organisations to enhance their capacity in adapting their food systems to the changing climate. These countries have been chosen as they are predominantly agriculture based economies which are severely vulnerable to climate change. Vietnam is the third largest producer of coffee and second largest producer of rice in the world, however due to its placement proximal to the south China sea, it has experienced a proliferation of extreme weather events over the preceding decade. Additionally, due to the global sea level rise, the Mekong delta in the south of Vietnam is subject to saline intrusion, rendering rice paddies situated on the river bed, extremely unproductive. A pattern of increased rains and typhoons in the north of the country, and drier and hotter summers in the South is posing a current and impending threat to the agricultural productivity of the country. Thus, ACToday is partnering with the ministry of natural resources and environment, ministry of agriculture and rural development, and with international organizations such as CIAT in Vietnam to build their adaptive and mitigative capabilities. The project aims to help the local government incorporate accurate Climate change projections and data into the development of their agricultural plans and setting of their food system priorities. Over this summer, the MPA-DP student team working in Vietnam worked to conduct an extensive stakeholder analysis and needs assessment of the climate information services value chain. We were tasked with identifying the organisations and processes responsible for the production of climate information, the translation of that information into agricultural advisories, and the dissemination channels by which this information was reaching the farmers. This initial scoping will lay the foundation for the succeeding initiatives that will be established under the ambit of the ACToday program. Similar work was carried out in the remaining CWP countries and now as the strategic operations have been formalized In the respective countries, the project will enter the second phase and work in a localized manner to achieve the end goal of increased food security through a sustainable food system. In addition to the conduction of the climate information service value chain analysis, I had the opportunity to document the experience in an audio-visual format. The purpose of this documentation would be to develop a short audio-visual case study to be used as a teaching aid for the students of Food systems in the coming years. This documentary followed the novel format of student-led filmmaking, primarily using an Iphone to record field experiences, day-day life and expert interviews. It will go to show the impact of climate change on Vietnamese agriculture, and capture the experience of working within the mandate of the CWP in Vietnam.
Saturday, May 23, 2020
Analysis Of Angela Y Davis s The Black Panther Party
After the mass mobilization of the sixties that radically transformed society, a huge pushback as a response to political liberation was the privatization of prisons which allowed corporations to set motives that increase the prison population, and normalize imprisonment as a way to solve social problems. For Instance, the Black Panther Party was a radical organization that challenged the status quo and a major response to pushback the work they were doing was to criminalize their behavior, in order to maintain the status quo and maintain whiteness. THESIS: Angela Y Davis is an anti abolitionist scholar who has radicalized academic work through her ability to frame counterculture as a way to challenge and transform the political,â⬠¦show more contentâ⬠¦It becomes hard to theorize a reality without prisons when society has reproduced dominant narratives around the functions of imprisonment, however it starts with critical resistance from the root of the problem, which links to the legacies of colonialism. The central theme of the book replicates itself in the title of the book, which is posed as a rhetorical question in order to challenge the dominant forms of social control which have been in place since colonialism. The question seeks to debunk the dominant forms of society that have relied on prisons, while allowing the reader to challenge the notion of imprisonment and rethink the functions it serves. It questions whether prisons are a product of producing a safe society, or whether it s utilized as a form of racial control, as well as profiting off communities of color. It also goes into a deeper analysis of whether prisons are solving the issue or making the issue bigger by perpetuating the problem it claims to solve. For example, instead of promoting preventative measures to rehabilitate the social ills of society, government intervention perpetuates the problem by imposing models of treatment, that are used as a mechanisms of controlling revenue through the recycling of colore d bodies. The title also questions the functions of prisons because incarceration rates in the United States have sparked since the 70ââ¬â¢s, yet societyShow MoreRelatedLogical Reasoning189930 Words à |à 760 Pagesimportant critical thinking skill is your skill at making judgmentsâââ¬not snap judgments that occur in the blink of an eye, but those that require careful reasoning. You are not reasoning logically if, when you want a gorilla suit for a Halloween party, the first thing you do is search for the word Gorilla in the Yellow Pages of the telephone book, and the problem here is not that you used a telephone book instead of the Internet. High-quality reasoning is called logical reasoning or criticalRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words à |à 656 PagesMeyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda Lerner, Fireweed: A Political Autobiography Allida M. Black, ed., Modern American Queer History Eric Sandweiss, St. Louis: The Evolution of an American Urban Landscape Sam Wineburg, Historical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman:
Tuesday, May 12, 2020
Essay about Violence and Christianity - 553 Words
Violence and Christianity ââ¬ËIf a Christian loved his neighbour he would not fight.ââ¬â¢ There are many arguments agreeing and disagreeing with this statement. The bible teaches Christians that they should not fight. An example of this is ââ¬Å"Love your enemies and pray for those who persecute you.â⬠This is telling Christians that they should love everyone and not fight them. Another biblical teaching is ââ¬Å"If someone strikes you onâ⬠¦show more contentâ⬠¦This is an example that some Christians follow. They choose to follow Jesus and the example that he gave. There are other Christians that believe that under certain circumstances war is eligible. One of these circumstances is if the war is a Holy War. When people fight a Holy War they believe that they have God on their side. An example of a Holy War is the Crusade. This was between the Christians and the Muslims fighting for the Holy Land-Palestine. This is different from Pacifism as this type of Christian believes that a certain type of war is acceptable- although it is the last resort. Another type of war that some Christians find acceptable is a Just war. There are seven criteria that a war must pass to be known as a just war. These seven criteria are: -The war must be declared by the head of state. -A just cause is required. Those attacked must deserve to be attacked. -The reason for the war must be to advance good and not evil. -The war must be the last resort. -There must be a good chance ofShow MoreRelatedEssay on Violence in Christianity3696 Words à |à 15 PagesViolence in Christianity Violence, it has been a main tool in the Christian arsenal since the middle ages. From the Crusades to the Inquisitions of Spain, violence is ever prevalent. Even in this day and age, intolerance and violence continue to be preached. But is this violence an instrument of God or man? Is violence an inherent part of this religion? Some would say that it is indeed built in to the very fabric of its being. The Old Testament is full of the smiting of infidels and thoseRead MoreReligion In The Merchant Of Venice Essay1514 Words à |à 7 PagesReligion is used as a rationale for violence, aggression, and mistreatment, because of how it can be a tool for dividing people and dehumanizing the outgroup. Religion gives these people the belief that their actions are mandated by God, which causes reasonable judgement to be clouded in favor of easy assumptions and hasty decisions. Some examples of people using their own religious views to wrongfully impose hardships on others are The Jews and Christians of Venice, and the Spanish in the New WorldRead MoreChinua Achebe s Things Fall Apart Essay1310 Words à |à 6 Pagesgroups; acts of violence and rebellion, conversion and the embrace of Christianity, and relative inaction and indifference. All three reactions played roles in the downfall of the Ibo clan, but the most damaging in Achebeââ¬â¢s view is the actions of those who decided to ignore the new dynamic of the white manââ¬â¢s presence, and through their arrogance lead the African people as a whole to cultural eradication. While far less common than conversion and indifference, the use of violence in reaction to theRead MoreChristianity vs. Jainism995 Words à |à 4 PagesChristianity v. Jainism I have chosen Christianity and Jainism, two of the major world religions as the two religions I would like to compare. I chose these two religions because of my familiarity with Christianity and my interest in wanting to learn more about Jainism. I started my research by wanting to know about their similarities but ended up learning a lot more about their differences. I will begin by giving a brief summary on each religion and then I will list and explain three differencesRead MoreThe Population Of India And India1486 Words à |à 6 PagesAccording to the 2011 India census there are approximately 28 million Christians (Knapp). This number equates to about 80% of the total population of Canada. To some this would seem that Christianity is flourishing in India. However, the total population of India is 1.25 billion; Christianity only makes up approximately 2.2 per cent of the entire population, while Hinduism makes up 79.8 per cent and Islam 14.2 per cent. Further, since 1951, there has not been a significant increase in the rate ofRead MoreToday s The New Testament And The History Of Interpretation1244 Words à |à 5 Pagesand practice prejudice against one another. I will critique two sources that roughly address this question. Leo D. Lefebure, ââ¬Å"Violence in the New Testament and the History of Interpretationâ⬠and ââ¬Å"Christiani ty and Violenceâ⬠written by Miroslav Volf are the two sources I will examine and using for my analytical research. In chapter four of Leo D. Lefebure, ââ¬Å"Violence in the New Testament and the History of Interpretationâ⬠examines the interpretation of the New Testament passages that have beenRead MoreChristianity And The Modern World Essay1636 Words à |à 7 Pagesideology that has been prevalent in the Modern World since 1815 is Christianity. Christianity is the worldââ¬â¢s largest religion serving as an umbrella term for so many sub religions and representing so many interpretations. Since its creation it has played a major role in the lives of thousands of individuals seeking to ââ¬Å"rebornâ⬠in the eyes of their lord and savior Jesus Christ. As a result, is it important to note the role Christianity has played on other ideologies in the United States. Which is whyRead MoreThe Crusades And Its Effect On Modern Day Christianity Essay1676 Words à |à 7 PagesA Brief History of the Crusades and Its Effect on Modern Day Christianity Throughout the history of the world there have been many instances in which religion and religious beliefs have been used as an excuse to perpetrate crimes against others. This is seen in many different religions. Religions such as, Islam and their use of Jihad or holy war which is used as an excuse to kill individuals they consider to be infidels . Hinduism and their caste system in which those of the lowest caste are consideredRead MoreThe Song of Roland and Christianity1483 Words à |à 6 Pagesï » ¿ Song of Roland and Christianity The Song of Roland is indeed a Christian poem. Of this, there is no question. However, it is a medieval version of Christianity that it presents, and not one that would be something familiar to the early Christians or to the actual followers of Jesus of Nazareth. By the time the Song of Roland was written, Christianity had changed drastically from its early days. Instead of being a mild, humble, and peaceful group of persecuted people who were outside the normsRead MoreReligion And Violence Is Currently One Of The Most Recurrent1623 Words à |à 7 PagesReligion and violence is currently one of the most recurrent themes authors write about due to the numerous terrorist actions that consistently occur. These incidents raise multiple questions that the authors of the articles tried to answer by treating different aspects that intersect with religion and violence such as politics and terrorism. The authors of these articles share a lot of ideas and assumptions while simultaneously dis agree on others and try to explain certain aspects differently
Wednesday, May 6, 2020
A History of the World in Glasses Free Essays
Tom Standard, various drinks are related to different time periods. Coca-Cola, a drink mentioned in the book, was related too later time period during the sass around the time of the Call war. The Civil War was a significant event as it led to a free economy in the united States as well as the development of a single market. We will write a custom essay sample on A History of the World in Glasses or any similar topic only for you Order Now The establishment of a single market and furthering of a free market economy in the United States allowed for the growth and success of the Coca-Cola Company. In 1767, Joseph Priestly produced artificially carbonated drinks. About a hundred years later John Pentameter was experimenting with carbonated water adding flavor to it, thus creating what we now call Coca-Cola. This invention would not have gone much further if it were not for some significant developments in the Unites States and around the globe. In 1865, the Call War ended leading to the creation of one of the largest market economies in the world. This benefited entrepreneurs and business owners as there was a huge market which loud help their businesses succeed. Additionally, the United States was set-up as a free-market economy which furthered innovation and the pursuit of profitability and success. The first development led to the creation of an economic system while the latter led to the expansion of the economic system. The Coca-Cola Company took full advantage of the above developments and became an iconic brand recognized around the world. Coca-Cola was aided by the rise of Industrialization In the production of its products. They also created a unique and distinctive shape for the bottle in 1916 to create a desire for the product and better marketability. The company started using Santa Claus in their advertisement for similar reasons. While the product was marketed to adults Initially, the company started selling to children In 1986. All of these activities were geared towards taking advantage of the market Coca-Cola served. The united States economic system assisted Coca-Cola in pursuing growth and profitability. Coco-colaââ¬â¢s success did not go unnoticed. Pepsi entered the arrest during the middle of the twentieth century selling products similar to Coca- Cola, flavored carbonated drinks. In the latter part of the twentieth century, seeking more profits and growth, the Coca-Cola Company entered foreign markets like Russia, China and India. While the US and India are capitalist societies, Russia and China are socialist. This led to interaction between different economic systems and trade and commerce between very distinctive cultures. All of these resulted In the Coca-Cola Company becoming one of the most recognized brands In the world. This would not have been possible without the United States being a capitalist society which encouraged and furthered the success of companies like Coca-Cola. The creation of a single market economy and the establishment of a free-market economy in the united States led to the success of the Coca-Cola Company and its name becoming an iconic brand in the world. Coca-Cola was able to pursue success, growth and 1 OFF success not only in the United States but across the world. This was possible because of the success the company first had in the United States. How to cite A History of the World in Glasses, Papers
Saturday, May 2, 2020
Growing In Suburbs Of Australia Management-Myassignmenthelp.Com
Question: Discuss About The Growing In Suburbs Of Australia Management? Answer: Introducation Growing in the suburbs of Australia, I have developed interests in specific aspects on issues that I had interaction with in the days surrounding. With my dad as a sportsman and my mother a tennis fan, I grew up loving tennis, a game that I played all through my early stages of school till now. However, going to the gym with my dad also made me love exercise as a normal daily activity in the gym. As I grow in my career of business management, I have loved how the business environment is struggling to cope up with technology to remain relevant in the different spheres in the competitive business market. As a result, I have come to love technology, an aspect that helps me keep up with all technological gadgets such as iPhones, laptops, and smart phones. In a self-reflection and a discussion with my family and friends, I came to realize that they both have a common point of argument. My dad saw me growing up with enthusiasm and helping me grow into the person I am today gives him confidence that I can be a great business entrepreneur, an idea that is supported by my mum and elder brother as well. On the other hand, friends find me always to have information on any technological advancement that has a direct and indirect effect on the business world. For instance, Mathews, one of my closest friends surprised me by telling me that any time he needs information concerning a new make of a laptop or a trending smartphone, he will ask me directly and believe whatever answer I would give him since he would confirm from other sources and find the same information. From their suggestions, they say that I can be a good entrepreneur if I combine my professional knowledge with the technological ideas and updates I do have. Through them, I came to prove that I am optimistic, focused on learning new ideas, and trying to evaluate how the ideas can be adopted in the business environment. However, I also found that I am prone to procrastinating ideological implementation, an aspect that I need to improve on as other competitors may use the same entrepreneurial ideas and take advantage of the market. Hence, I need to be quick in the implementation of ideas such as adopting technological systems such as cloud computing, cyber security, digital marketing, etc. in business. For a long time, I often asked myself what it takes to be a successful entrepreneur. In a systematic review, Hou and Lee (2016) denote that there is an often rare definition of the recommended characteristics an entrepreneur needs to possess. However, most of the recommended traits are often observed from other successful leaders and entrepreneurs like Bill Gates. As an entrepreneur, I have a passion that is driven by making money but finding solutions to different entrepreneurial challenges. I am fueled by an unshakable sense of purpose. I am also resilience towards achieving my set goals, an aspect that has seen me through one failure to another without losing my entrepreneurial enthusiasm. In their study, Shen and Chan (2017) denote that as an entrepreneur, there are cases when one will often fail but will not stay there; instead, he will focus on the goal despite the challenges encountered. I should be able to understand that an idea maybe brilliant but less effective, an aspect that will require a high level of flexibility in making the necessary adjustments that can make the idea feasible. I do have a very strong sense of self, an attribute that has enabled me to overcome numerous challenges and problems. Being resilient and passionate has enabled me to go so far due to my strong sense of self. For instance, being self-motivated and self-confident will help me to know a good idea and not think the idea can be good. However, I need to be flexible in adapting challenges and changes in the business environment to remain relevant in the competitive business spheres. Reflection of the Future According to Faught and Long (2017), the arrival of every year often provokes discussion concerning how the next 12 months are likely to unfold. Similarly, the pace of innovation is seen to accelerate at a faster rate than before. Therefore, there is a need for progressive entrepreneurs to look further ahead on how their businesses will adopt the changes in the innovation. Walz (2016) also points out that the period between 2014 and 2025 is poised in redefining virtually all the facets of the business environment as well as how we work or live. The same study denotes that these years will usher in various radical technologies, customer experiences, business models, as well as the new breed of entrepreneurship. In other words, it will lead to a digital native who act and think differently from every entrepreneurial generation before them. With the different aspects of digital innovation, improvement, and performance, Shen and Chan (2017) point out that the construction and manufacturing sectors will be the primary determinants that will primarily drive the global economies. For instance, in adopting new technological advancements in the above industries, new manufacturing hubs are emerging in both developed and developing countries (Hou Lee, 2016). As an entrepreneur, my focus will be adopting the technological innovations in the manufacturing industry to see an improvement in the construction growth. In adopting the technology, it will be much easy to ensure that business innovation in the manufacturing industry expands to offer employment and quality services for both the rural and urban population. My passion for entrepreneurship, management, and business innovation will hence be relevant to the development of the manufacturing industry in the future. In a systematic study, Faught and Long (2017) point out that with technological advancement, business is progressing from services to products and finally to experience. As a result, the next ten years is likely to be harder to make money in any transactional business, an aspect that requires entrepreneurs to find a way of breaking out of it according to Gottel (2016). However, the entrepreneurial mind suggests that future small and large scale businesses will be more of mutual benefit in finding the right way of innovation through every experimental manner possible. As a result, it is essential to learn from other successful entrepreneurs such as Bill Gates, Larry Ellison, Michael Bloomberg, and Mark Zuckerberg among others. They are a group of entrepreneurs who have proven that success is inevitable as long as one has a vision, passionate, flexible, resilience, and have a strong sense of self towards achieving whatever goal they desire to achieve just like them. It is my desire to have Bill Gates as my mentor, an aspect that will require me to foster him through the process since he has seen other successful entrepreneurs through the challenges of the business environment. References Faught, S., Long, J. (2017). Analyzing The Needs Of Rural Small Businesses And Developing Economic Sustainability Programs For Their Management Teams.International Journal Of The Academic Business World,11(1), 23-30. Gottel, V. (2016). Business Models: Origin, Development and Future Research Perspectives.Long Range Planning,49(1), 36-54. doi:10.1016/j.lrp.2015.04.001 Hou, W., Lee, E. (2016). Chinese style capitalism: current development and future implications.European Journal Of Finance,22(5/6), 255-258. doi:10.1080/1351847X.2016.1090051 Shen, B., Chan, H. (2017). Forecast Information Sharing for Managing Supply Chains in the Big Data Era: Recent Development and Future Research.Asia-Pacific Journal Of Operational Research,34(1), -1. doi:10.1142/S0217595917400012 Walz, K. A. (2016). Teaching-as-research internships: a model for the development of future chemistry faculty and the improvement of teaching in science, technology, engineering, and math.Community College Journal Of Research Practice,40(2), 133-145.
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