Thursday, January 26, 2012

Prompt 1- Introductions

My interest in this course was sparked after speaking with one of my friends who had already registered for this class. That is why although I joined the class a few days late, it was something I know I wanted to pursue this semester. The two concepts of organization and entrepreneurship is what really geared me into taking this course after speaking with my friend. These are two things that go so hand-in-hand in the business world and it is something that I wish to broaden my knowledge on before beginning my career next year as a consultant. It is interesting because growing up I always saw myself as a doctor. Little did I know that throughout my high school and college career I would choose to pursue a career In business. Through economics I have been able to understand so much more than just how the economy works. It has given me the exposure and answers to many different things in a variety of industries. After studying abroad in South America and being exposed to my father’s businesses I have gained an interest for true entrepreneurial skills and concepts. Being involved in Illinois Business Consulting (IBC) here at the University and working directly with my clients also exposed me to many different approaches one should take as a consultant. Thus, with my interest and future career goals as a consultant an one ay opening my own firm, I think a class such as this has much to offer me. A good consultant has to be able to know the background of the industry they are working in, figure out the main outcome they are working towards, and be able to effectively break down any smaller problems to fix the overall problem for the client. Thus, by learning about different policies, being exposed to different problems and relating it back to economics will allow me to successfully do that in my career. Furthermore, after reading through the syllabus, I particularly saw myself drawn to the idea of “establishing a framework.” I think this is a skill that can be helpful in solving any problem. I look forward to exploring how business and economics work together to create a framework in different industries and in a variety of ways through this course. Thus I am looking forward to learning more about the microeconomic principles in this class rather than the macroeconomic principles. Knowing the behind the scenes work and the minor details that go into the final production of a product or service is so more than flow- ins and flow outs. It takes time to see trends and apply them directly to current stats and trends. The entire process from start to finish is something that can be very beneficial in knowing and learning about.  Although, I registered for the class a few days late and was unable to attend class, I really am looking forward to this class and all it has to offer. I have only heard good things about the first day and I can really see myself learning a lot and getting exposure to new concepts while at the same time being able to relate old concepts with new ones.