Introduction: This critical reflection seeks to provide an in-depth analysis of how the entrepreneurial tools taught throughout this semester has assisted me in developing insightful information towards my contributions of the business plan. The process allowed me to identify, clarify and test the credibility of my personal insights. Entrepreneurial tools being assessed are customer experience mapping, questioning and idea networking. The paper started off with a detailed introduction of the actual product that my group have finalised on, then followed by comprehensive evaluations of the tools. Lastly, it ends off with a reflective conclusion with valuable learning points. All in all, it improved the quality of my contribution towards the project. The product: First of all, in order to get into further details of the tools used to discover and develop the valuable entrepreneurial opportunities for our product, I would like to address the actual product that my group are pitching. Our group came up with the idea of multi-function restaurant table tablets, compromising menus, payments and entertainments into an all-in-one system. The development of our idea start off from the customer experience mapping that we have conducted with some customers. Our group have brainstormed a few different ideas, but we have settled on this final idea. Reason being, we have learned from the course that a good business model yields value propositions that are compelling to customers, by creating a sustainable advantage and delivering significant value and effectively transforms payment received into profits (Teece, 2010, pp. 174). Therefore, with the valuable insights we have gained from what we have learned, our group then believed that our produ... ... middle of paper ... ...ew it in different perspectives. The outcomes were surprisingly insightful and greatly enhance my contribution towards the development of our business plan. It allows me to look back on what has been done and learned from what did or did not work out. In other words, it helped me to see both the positivity as well as the negativity in our ideas and thus stimulate improvements. This assignment also cultivated a sense of team spirit through teamwork and boost creativity through the development of thinking outside the box. Therefore, this assignment has definitely aid my knowledge in developing skills such as writing up comprehensive critical reflection and evaluating the risks of certain business ideas. Aside from that, I have also managed to deal with people from different cultural background through teamwork and develop unique business ideas and market strategies.
Looking under the microscope at one simple problem and it will be apparent that there are countless appendages squirming around the nucleus. As in the movies "Analyze This" and "Analyze That" there was a problem that needed to be solved. This problem stemmed from the head of a mob organization and was solved adequately but in an unorthodox method. The similarities between analyzing this problem for the mob and analyzing a problem in a business setting, such as unprofessional behavior, is that there should be a procedure full of steps. These steps are both concrete and flexible given the stage of analysis. Management has the advantage of learning from past problems and mistakes to adapt to future problems. However, this flexibility should become concrete when the problem is under the microscope. The only way to effectively address the given problem is to ask the right questions and analyze them accordingly. These upcoming questions are used to obtain valuable insight and offer a clear and concise means of dealing with the problem.
In the book “self – taught: African American Education in Slavery and Freedom”, the author, Heather Andrea Williams, does a great job telling the story of the obstacles slaves faced in their attempts to become educated. Throughout the book, Williams gives numerous accounts of the experiences of these slaves and illustrates their determination to learn to read and write; as well as obtain a formal education. In my opinion, the most common theme that resonates with me after reading chapters one through nine is persistence; despite challenges, obstacles, punishment, and death, slaves were determined to become educated.
Reflection has its importance in clinical practice; we always seek to be successful and that can be achieved by learning every day of our life through experiences we encounter. In that way we can reconsider and rethink our previous knowledge and add new learning to our knowledge base so as to inform our practice. Learning new skills does not stop upon qualifying; this should become second nature to thinking professionals as they continue their professional development throughout their careers (Jasper, 2006). According to Rolfe et al. (2001), reflection does not merely add to our knowledge, it also challenges the concepts and theories by which we try to make sense of that knowledge. Acquiring knowledge through reflection is modern way of learning from practice that can be traced back at least to the 1930s and the work of John Dewey, an American philosopher and educator who was the instigator of what might be called ''discovery learning'' or learning from experience. He claimed that we learn by doing and that appreciating what results from what we do leads to a process of developing knowledge, the nature and importance of which then we must seek to interpret (Rolfe et al., 2001).
The ability to reflect critically on one’s experience, integrate knowledge gained from experience with knowledge possessed, and take action on insights is considered by some adult educators to be a distinguishing feature of the adult learner (Brookfield 1998; Ecclestone 1996; Mezirow 1991). Critical reflection is the process by which adults identify the assumptions governing their actions, locate the historical and cultural origins of the assumptions, question the meaning of the assumptions, and develop alternative ways of acting (Cranton 1996). Brookfield (1995) adds that part of the critical reflective process is to challenge the prevailing social, political, cultural, or professional ways of acting. Through the process of critical reflection, adults come to interpret and create new knowledge and actions from their ordinary and sometimes extraordinary experiences. Critical reflection blends learning through experience with theoretical and technical learning to form new knowledge constructions and new behaviors or insights.
The new global environment has intensified the need to consider not only how to address more wisely customer needs (Wirtz, 2011), but also how to create value from introducing new products and services (Teece, 2010). Thus in real world, entrepreneurs should design and build business mod...
The benefit that I learn from this assignment is I gained experience on how to do a thorough research and after doing this assignment I know how to prepare my final year project report. Besides that, I can develop a deeper understanding of the case study that can be conveyed through the lecturers alone. For example in this case study I can understand what the story about and how to answer the question that was asked. Then, what I learn in this assignment is demonstrate that I can conduct research or analysis, at a level appropriate to a Degree program. Degree program required me to answer the question with a longer answer and give the suitable example regarding the question.
This course has provided me with useful ideas that were practical that I have used in my everyday life. For example, it helped to think critically before reacting to a decision that involved problem-solving and solution - oriented. I am more a fair-minded person and learned that every person is in control of his or her life. Thus, knowing how to use critical thinking as a writer, would help me to become a writer.
When an individual decides to venture out on their own and become an entrepreneur they are taking a huge risk, one of the tools that can make the difference between being successful or failing is the Business Model Canvas (BMC). Osterwalder invented the BMC because he believed that a company’s first business plan always failed the minute it reached the customers, leaving the owners discouraged and deflated and feeling that they had wasted time, energy and money; so he wanted to create a more flexible business plan that owners can edit and make the changes needed to reach the customers needs "One Tool Startups Need to Brainstorm, Test and Win | First Round Review," n.d.). The canvas consists of nine elements or building blocks that create a visual template spelling out the business’s value proposition, infrastructure, customers and the finances (White, 2012). Breaking down the key elements that are vital to taking customers needs, wants or problems into a fruitful company
One of the most important ways in which this class provided a beneficial learning experience is the fact that as a student it gave me the opportunity to broaden my knowledge by being able to properly do research, document that information, As wells as bringing my message in an informative, answer-driven format by broadening my communicational skills.
Critical thinking is a significant and essential topic in recent education. The strategy of critical thinking skills helps identify areas in one's courses as the suitable place to highlight, expand and use some problems in exams that test students' critical thinking skills.
Have you ever been obsessed with money? In the story Seize the Day by Saul Bellow money basically runs everything. The main character, Tommy Wilhelm, invests his money with a friend of his father and loses everything. This story falls into the critical perspective of Economic Determinist and Marxism. The critical perspective of Economic Determinist and Marxist evaluates literature from the perspective of economic and social class inequality and oppression. This essay will explore how the story Seize the Day by Saul Bellow shows this critical perspective of Economic Determinist and Marxist.
I am writing to express my interest in the Business Writer position at the University. As a current Economics major and Statistics minor student at UC Davis, I am well prepared to assist the teams to deliver high-quality insights to global clients as well as students and colleagues with my writing skills and interpersonal skills. I am also passionate about writing and would thrive in the dynamic environment at the University.
we don’t know them, is crucial. In this paper, I define compassion as a process of noticing others suffering, appraising its significance, feeling empathetic concern, acting towards alleviating their pain and learning from the experience. Each step of the process is discussed as follows:
This report/reflective journal has been prepared as a reflective work of my group in Marketing Management course. The main purpose of this reflective journal is to redirect how I and my team mates worked while undertaking the module. The main point of writing this Reflective journal is to include my actual thoughts and reaction during this module. This reflective journal is personal learning experiences. I have been asked by the university of faculty sciences to write a individual reflective journal on thinking about a business plan that should consist of my critical way of thinking in an analytic way.
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...