AGENDA WITH ANSWERS TO VIDEOS

1. Question: How should you study to get the most of this course?
The strength of your inhibitory mechanisms to focus on something depends on
your environment. Your interest in the task your brain's current state finds a
spot that you use only for studying.
2. Question: How does data change business strategies?
The information age will continue to disrupt and destroy the archaic established
business models of the past, just as it always has done. His point is that
business strategy has to change because the internet offers a new environment
in which business has to operate.
3. Question: Why do investors choose risk markets?
The investors choose risk markets because the misjudgment of people for
placing too much value on things that actually don't have as much value.
Occurs when there is an upward movement in the price combined with willing to
pay large of sums of money for something valued much lower in in strict value.
4. Question: What ideas do you have to trade and what would like to sell?
I would like to sell technological parts because in Colombia this business is
growing a lot.
5. Question: Which special skills do you have to be competitive in the labor
market?
A lot of older Jobs they were based in manufacturing, you don’t have to have a
carrier college, it is not necessary have training, but nowadays finish a college. I
great an idea but these days it’s no longer enough what really matters how
much can value you can producer for an employer, supplies and demands is
changing all time the important is understand those supplies and demands.
6. Question: Why has the price of sex decreased over the time?
This analysis of the "economics of sex" attempts to assign a financial value to
sex, making men out to be the consumer and women essentially out to be the
product.
7. Question: If you go and borrow money from the bank, what would you
invest in?
Invest in the importation of technology and help people easily access quality
technology.
8. Question: What are the advantages to be close to your competition?
When your competition is close it minimizes the maximum number of steps
visitors have to take companies are free to compete through marketing
strategies differentiating their product line companies like to keep competition
as close as possible.
9. Question: Why are access roads so important for a business to grow?
The Indian trade incorporates many people who joined the Silk Road, there
were people from Africa, Malaysia, India and China, all navigating and starting
commercial communities where they could act as intermediaries trying to sell
things, and trying to buy new things to buy and then sell them.
10. Question: As a business leader how would you contribute to reduce the
poverty in your region?
To reduce poverty in my region I would create a company in order to giving
opportunities to the most vulnerable people.
11. Question: How data and business can make a better world?
Big data provides valuable information that often serves as an accurate and
reliable answer to questions that have not even been asked for situations or
problems.
12. Question: How does business digitalization guide consumers into their
purchases decisions?
Business digitization has ceased to be an alternative to become an obligation if
the company wants to be competitive in trade without borders.
13. Question: Why is so important to trade with other countries in order to get
comparative advantage?
Countries are richer than others because of their productivity and with the help
of communications improves productivity and data management facilitates
productivity.
14. Question: Is prosperity a perception?
Prosperity is a perception because in 1772 was normal but in the 18 th century
the masses began to enjoy riches only for the nobility.
15. Question: Why is so important to trade with other countries in order to get
comparative advantage?
Comparative advantage allowing better performance should allow the company
to perform better than the competition; for example, higher sales, a higher profit
margin, a greater number of loyal customers, etc.
16. Question: What are the benefits of environmentally friendly business?
Environmentally friendly business helps you reduce your impact on the
environment and preserves natural resources. Avoiding, reducing, reusing and
recycling can lower your costs.
17. Question: Is there a business women leader that you admire?
 Maria Camila Guzman, nutritionist and interior designer, said that after a
market study on snacks, she created different flavors for plantain and cassava
chips and exported it to united states.
18. Question: Higher population lead to a higher demand, but with limited
resources, what do companies have to do to keep up with the increasing
demand?
We are currently living one the biggest extinction events in recent geological
history, we are competing with other species for the very basics of the life
companies that are embracing the power of technology not only find
themselves keeping up with demand, but flourishing at all times. Utilizing
technology like big data and RFID can help to track and follow trends.
19. Question: If consumption is the problem would you tell your clients “do not
buy” what alternative do you have?
I would start using environmentally friendly materials and educate clients on
the importance of reducing waste.
20 Question: Why is important to understand your customer profile?
Customer profile will help you to understand your customers, highlighting who
they are, what they look like, their interests and wants. This insight will help you
to recognize your customer’s characteristics, behavior and traits.
21. Question: How does industrial revolution increase production?
The industrial revolution was an increase in production brought about by the
use of machines and characterized by the use of new energy removable
creating machines that help production in companies.
22. Question: What is the best way to start a business?
The best way to start a business is the experimentation take decisions during
the process to measure the progress of your business and have a vision of
business.
23. Question: Have you heard about block chain technology? How would you
implement it in a business?
I have never heard block chain block chain was designed to be decentralized
information and block chain reduces the ability for data tampering and help us
to interact with our data in real time and without intermediaries and keep the
information confidential.
24. Question: Why is so important to report company behavior to the
stakeholder?
Rom a business perspective, stakeholders are important because they affect
major changes within a company, from financial decisions to how an
organization runs. Stakeholders usually have a vested interest in a company,
and these interests can be intellectual, social, financial or environmental.
25. Question: What happen when a company overestimate itself or its
products?
When companies overestimate their workers, they limit their abilities and their
potential to carry out their work, and their products greatly limit their quality.
26. Question: What it has to be done to avoid recession?
The first thing we can do is try to avoid the problem in the first place ask
ourselves what can we do to make your economy flexible so it can adjust to the
negative supply shock more quickly.
27. Question: Is there any relation between gambling and stock market?
Compulsive gambling was classified as an addiction in the American psychiatric
association there are 44 states have sponsored the lotteries states that
legalized gambling promised to tax casinos, and use them revenues to fund
services.
28. Question: Where should you spend your money?
We should spend our money where the money keeps flowing through the
community because increase the number of business local.
27. Question: What is the role of money within a business?
The money is important because it later becomes the payment for things that
make your business run: expenses like stock or raw materials, employees, rent
and other operating expenses. Naturally, positive cash flow is preferred.
28. Question: That is the key to increase population wages?
Companies should not be prioritizing shareholder interest over their employees.
29 Question: Does advertising make you to buy thing that you don’t need why?
Online advertising explores the art of influencing human behavior to make
certain purchase decisions. They can track your shopping habits and then place
advertisements for stuff you like wherever you went.
30. Question: What should people have to accept to change into a better
world?
People have to accept that spending more money to get more goods and more
things is not a way to make the world better people have to work to give better
quality to things that have, for example, better education instead of more
schools.
31. Question: It is good for a manager to have a specific mental set?
Posit that all managers have a mental set that can be thought of the sum total
of all knowledge, basic skills and value systems possessed by the manager and
the way in which they are organized and interrelate which each other.
32. Question: What is better to understand consumer’s needs, a survey or a
focus group?
Instead of polling large number of people with straightforward questions and
quantifiable answers the focus group is a technique was a type of qualitative
persons focused on the nature of people’s preferences and thoughts.
33. Question: How a costumer journey map can help your business?
A journey map can help to companies facilitate a common understanding
between team members to identify the gaps in the costumer experience and
explore potential new opportunities.
34. Question: What is the relationship between productivity and information
and communication technologies?
Communications play a profound role in the productivity of your business.
Examining your organization's communication technology can help you
transform employee interaction, production, and results this transformation can
lead your business to higher profits and growth opportunities.
35. Question: According to your own abilities what do you do or make that you
can sell with a high value? are you selling, learning or scare to start a
business?
I have sold handicrafts because it has low production costs and I could sell
them at high costs in different towns of Boyacá.
36. Question: Could the stock market overcome corona virus crisis?
The video shows how several major companies are closing their productions in
China and the United States. If the virus crown continues it will be very difficult
for the entire world to overcome this crisis.
37. Question: Does advertising make you to buy thing that you don’t need?
I have bought something I don't need because its advertising caught my
attention, usually when I watch ice cream commercials on television or fast
food.