Business Publication #2

#2 - The Economist

http://www.economist.com/business-education/displayStory.cfm?story_id=14437515

The introduction of this article states, "A year after the collapse of Lehman Brothers, a new intake of students begin their first week at business school. Will they be taught to do things differently?". This article introduces the idea that with all that has changed in our economy, when and will course modules be changed? "When professors want to introduce new modules, in response to fast-moving events, they have to go through a lengthy approval process" The articles provided a few examples such as, if a professor taught a money class as they did four years ago they wouldn’t have the same emphasis on the housing market or the inter-connections between the banking and non-banking financial systems, because those markets have changed drastically since. Most schools have made small changes to help with these problems. I think this is so interesting because we live in a society that not only wants information now, we want the latest information possible. Ever since the CIS speaker came to tell us about that concentration I have been seeing more and more of how that last statement is true, and applies to so many topics. I think it is comforting to know that we are getting the best information possible by being educated at a university level. It makes classes more enjoyable and exciting that we are learning what is happening in real life.

#2 - Business Week

http://www.businessweek.com/smallbiz/content/jun2009/sb20090630_237760.htm

This article was really interesting to read today because we just had the guest speaker of Entrepreneurship. This article really outlined the table he showed us in class today, with more attention to the left side.(Employee and Self - employed). The article, about two sisters who started a cake making business, both worked on the employee side, even while there new business was starting up, and then gradually moved into starting their own business and quit their other jobs. I think it would be really good experience to do both. And, as our guest speaker mentioned, to start your own business you have to take risks, and gamble a little and that is exactly what the sisters did. "The sisters say the gamble gave Mary the opportunity to experiment with cakes and decorating techniques that would bring the business acclaim". Their gamble actually benefited them, which usually is the case. Also, even though they are sisters their skills compliment each other, they don't bring the exact same thing to the table, which helps to make the partnerships stronger, and last longer. "Mary is 100 times a better decorator than I am and I knew that if I didn't answer the phones and create a structure for the business, it wasn't going to happen."