Neha Narain & Shivani Maru. Entrepreneurship Club. Aims to give an insight into the entrepreneurial process. For students who aspire to study economics/business studies in the future and people who generally have an interest. Objectives.
Students learn about these concepts through context as they apply their new knowledge to real-life examples.
Students considering to study in the field of Economics/Business Management
Students with a creative mind or who would like to learn how to stimulate their creativity.
Guest speakers will belong to companies that range between size and industry.
Students will gain a first-hand insight into the process and world of entrepreneurship.
WE WILL NOW DEMONSTRATE TO YOU AN EXAMPLE OF ONE OF THE SESSIONS THAT THE STUDENTS THOROUGHLY ENJOYED.
Neha will be conducting the session whilst Shivani gives you side pointers and evaluates the effectiveness of the session Neha conducts.
Globalization refers to the increasing interdependence between countries globally in terms of trade and manufacturing.
MNCs- Multi National Corporations. These are very large firms which have production facilities in more than once country. Can you think of any?
As cultures begin to integrate and merge, many cultures adopt different aspects from different cultures.
Can you think of any such cultures?
Has this happened in your own culture?
Most importantly, is this a good thing?
Interdependence and higher quality goods and services as each country specializes in what they are good at (this sounds a bit like division of labour, doesn’t it?)
Cheaper goods and services
More reliance and better national ties
High levels of competition and therefore high barriers to entry (remember when we spoke about this?)
Countries and cultures may be negatively influenced and many people may complain of loss of tradition
Gold- 5 points per unit
Oil – four points per unit
Lumber- three points per unit
Electronics- two points per unit
Coffee- one point per unit
Loosing country: would you have done anything differently? Did you notice any constant setbacks?
Winning country: what do you think made your trading game so effective?
Did anyone notice any patterns in trade after the 2 announcements were made?