Tuesday, February 18, 2020

Personal Statement for the admission of University of California

For the admission of University of California - Personal Statement Example My main motivation behind this application for admission in your University is my keen interest and experience in the field of Economics /Business major. I have completed third year in the Community College. I feel confident to seek admission in your University as the next step of the ladder of education and as the natural progression of my present academic qualifications. I hail from a business family from China. My father owned a factory and he was a watch manufacturer. He handled his business well and possessed good experience in production and marketing but the economic crisis of the 2007 was beyond the control of any prudent businessman. With such a severe jolt to the economy of the country he also suffered heavy losses and had to shut down the factory and our family budget was in shambles. Until then father used to manage everything, I did not have an idea as to what the family budget was, and suddenly we were in dire straits. At that juncture, I realized the value of money. As an inquisitive young man I began to do my own research as to why the country’s economy went haywire affecting thousands of families like us and what preventive or remedial measures would be necessary to challenge such a precarious situation. Each dollar was important, and we learnt how to prune the family budget and how to segregate the luxuries from the necessities. I was still in the high school, and the idea sprouted in my mind that the intricacies of business, the causes for rise and fall in prices and the events that led to the economic crises must be studied with a scientific approach. I broached the subject of economic theories with lots of application and got solution to some of the questions that bothered me. That was the beginning of my interest in the subject of Economics/Business. My next task was to cement my theory knowledge with real life applications. To gain practicalities of market functioning, I did my internship with an insurance company during the summer holidays in Hong Kong. Besides the experience in dealing with insurance related issues I got an opportunity to study the computer applications, as the working of the insurance company was totally computerized. Insurance companies have developed many types of packages depending on the need of various types of customers. Mostly, customers are not aware of the differentiation in different policies. Soon I developed expertise in handing insurance customers and completed the documents as per guidelines provided by my Supervisor. Though insurance business involves lots of discussions and convincing with the customers, I conclude that ultimately the issue is that of faith and mutual trust. Once the customers are convinced about the services and the end results of the products offered, they are willing to buy the policies. This internship completely changed my outlook about the application of technology in office procedures and the enormous advantages the clientele derived out of the same. Business tools and strategies have changed and are continuously on the change with rapid progress that is taking place without intermission in technology. If given an opportunity I will make it a point to make a detailed study of computer and technology applications in the insurance sector and prepare a research paper on the subject. My father was not much educated in the academic sense of the term, but he was a man of practical wisdom. He often used to say, ‘I study in the college of self-education, where my mind

Monday, February 3, 2020

Performance Related Pay in TYLT Mobile Essay Example | Topics and Well Written Essays - 2750 words

Performance Related Pay in TYLT Mobile - Essay Example In an attempt to practicalize Maslow's Hierarchy of Needs, Professor John Callaghan identified that most people aged between the mid-20s and the mid-30s with graduate and postgraduate qualifications and employment in top companies in modern urban settings tend to belong to Level 3 of the Maslow scale: The Social Belongingness Stage. This is because most of such persons have access to the basic physiological needs because most of them are from privileged backgrounds and have a lot of options and do not see some of these basic needs as necessary. Also, such persons have their social security needs are settled because they possess good qualifications and with the advantage of being young and energetic, such persons have a lot of prospects and have fewer limitations. Their needs are to build social lives like marriage, joining a strong network of friends and building business links. So the best rewards for them include socioeconomic rewards that would enable them to meet their needs. Als o, since these young employees have many options, they need hygienic factors that would make them happy in a given workplace and not necessarily motivators. This is because they often tend to select the best work environment and not just a work environment that pays well. The expectancy theory also implies that the effort of these young people who dominate the R&D department of TYLT Mobile will want to blend their individual needs which include entrenching their social belongingness needs into their expectations. These expectations would reflect in their performance at work and it would affect the outcome of TYLT Mobile's output. As such, it is reciprocal for TYLT Mobile to find a way of recognizing continuous improvement and rewarding them appropriately. This forms a hygienic factor which when