How to Deal with Global Economic Crisis - Admission/Application Essay Example

UCL Admission Ways I would change the World The current world faces lots of crisis that have led to developing countries suffering more and limiting their economic development. These crises cripple our economy leading to hunger and starvation, unemployment, poor education facilities and limits industrialization. I would try to change the education system in developing countries to ensure that the natives are equipped with the necessary knowledge to deal with global economic crisis (Avery, Walker & Murphy, 2001). This will ensure that the government in developing countries employs qualified personnel to lay the best strategies to curb or mitigate crisis. The failure of a developed education system hinders innovations, decision-making processes and mismanagement of funds. Developed education will change the world since it will also provide equal opportunities for all due to globalization. Business will also benefit from developed education since the major players know what is best for the economy and the industries they are operating thus limiting exploitation. The essence of this degree in changing the World Education is the basic element for societal and industrial development. Acquiring a degree in an economic and business program is a huge step to help me change the world. This degree will equip me with analytical skills, leadership skills, better judgments and decision-making. These values are essential in formulating the best way to assist my government to develop a better education system that will equip the youths with important knowledge that will raise their living standards, make them more innovative knowing that improving their earnings will improve the economy of the country (Avery, Walker & Murphy, 2001). Lack of qualified personnel in major government offices is a major contributor of developing countries suffering during any global crisis. Acquiring this degree will be the first step towards being employed in the government finance office, treasury or corporation whereby I will use the acquired skills to prove to the government the need of changing and developing the education system. I would help the government in major decision-making processes and ensure more funds are invested in developing education. Impacts of technological changes on business In the next 10 years, technological changes will affect business in various ways both positively and negatively. The Internet is a major technological change that has shaped the current globalization strategy by easing communication thus ensuring that companies can sell or advertise their products via the internet. The companies thus lower advertisement costs. The buyers benefit from having a wider variety of goods and services to choose from according to the quality and prices of the goods sold in the Internet. The quality of goods and services has improved due to technological changes. In the next 10 years the quality will be higher and ways of transactions. Technological change may also lead to workers losing their jobs due to mechanization and other intermediaries or brokers will lose jobs due to a simpler way to run businesses. My best virtue Creativity is my greatest virtue that will help me in this program since economic, business program and the real world requires great quality in solving problems. This creativity has led to my intellectual curiosity that helps me gather more information on the current issues and try to find solutions. The experience of working in the family business has helped nurture my talent by being involved in decision-making (Avery, Walker & Murphy, 2001). Main challenges in the program Microeconomics is the most challenging part of the program since it involves many methodologies and ways to prove any decision-making. Working in the family business has helped me learn on ways to tackle every challenge and use my creativity to ensure I achieve my goals. These experiences will help me take the microeconomics challenges as a stepping-stone towards achieving my dream of a professional manager. Baring the challenges faced when handling microeconomic problems, it is also challenging to balance with education since I believe that physical activities are essential to boost our brain reasoning (Avery, Walker & Murphy, 2001). Efficient time management will be important for me to succeed, pursue my education and continue playing golf. This will be crucial even in future, as an efficient manager should be intelligent, healthy and a good time manager. Recommendation on what to study Training in the social sciences and economics stream in French Mission High School helps in strategic thought and liberal forum of debate. It makes me an excellent communicator. I would recommend everyone learning or teaching the program to undertake the training since communication will improve his or her ability to reason and engage in other duties. The students will learn about teamwork and handling problems in a better way thus boost their grades and decision-making (Avery, Walker & Murphy, 2001). The lecturers will learn better ways to convey their information and listen to the students for any issues arising. Personal attribute relevant to the program Intellectual curiously is a virtue I possess that will help me in my studies. The need to know more makes me confident to ask questions on difficult issues thus benefiting from lecturers explaining them to me. The program entails being conversant with the current issues. This virtue has helped me research on these issues. Learning economics and business will help me identify the solutions that I crave to identify. Students who tend to ensure that they understand everything from their lectures gather more information that is beneficial for their grades and future professionals. The program entails various researches, which via my intellectual intelligence will help me perform better in researches involved. Personal value to future classmates The major experience I gained by working in the family business is teamwork. The business ensured that the workers were able to work together towards achieving a common objective (Avery, Walker & Murphy, 2001). This experience has helped me associate better with my colleagues and it will make my future classmates want to have me in their class. Groups and other teamwork are essential to ensure that students are able to gather more information and learn how to make better decisions. Additionally, having great experience in teamwork will make me more valuable in class. Leadership skills gained from the family business and my ability to communicate properly will help my relationship with other students thus ensure we are able to work together towards attaining better grades and brighter future (Avery, Walker & Murphy, 2001). Reference Avery, C. M., Walker, M. A., & Murphy, E. O. T. (2001). Teamwork is an individual skill: Getting your work done when sharing responsibility. San Francisco: Berrett-Koehler. Read More