The material learned in this class relate to everyday life in that it points out the fact that change is part of life that should not be perceived as a challenge, but as an opportunity to improve and learn. Businesses have to keep up with trends and new forms of challenges triggered by change within and without various sectors and industries. Notably, forms, plans, and structures may need alteration to increase effectiveness and efficiency just as we often need to make alterations in our lives to accommodate what life hands us. Individuals and businesses are being affected by globalization differently, but the demand that ethics and socially responsible behavior is maintained and expected for institutions. These are some of the aspects that are considered important to succeed in a world that is becoming increasingly competitive.
One of the biggest takeaways from this quarter is that business success is an intertwined aspect that requires a balance in both the internal and external environment. All the forms of a business can only attain their set goals and objectives if these environments balance. Secondly, wise decision-making is critical in the industry seeing that there are usually many alternatives to choose and wisdom is what makes the opportunity to reward. Thirdly, it is also notable that even businesses that are just starting off will need to apply a global outlook to ensure that they exploit the opportunities that globalization offers as well as anticipate challenges that may arise. It allows them to be proactive.
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Going forward in life, I will utilize what I have learned in this class to be a better student, professional in the workplace, and consumer by ensuring that I maintain a balance in all that I do. I will also ensure that I develop a broad outlook on matters so that I am likely to make better decisions. In learning the strategies and behaviors, I need to attain better mastery in the future in either school or the world of work that include consistency, a clear thought process, and improving decision-making skills. It helps in establishing priorities and proactivity that helps one become competitive. The things I can commit going forward is to continue advancing my financial literacy and business acumen such as reading more literature on the subjects. Besides, I will ensure that I gather information from financial experts in the financial sector and businessperson. Book knowledge and information on the ground will be good for my business and financial acumen.
